Launch of Arctic Offshore Vessel at Arctech Helsinki Shipyard, the Hull Assembly of Sister Vessel Starts in July
Arctic Offshore vessel NB-506 was launched at Helsinki Shipyard on Saturday 30 June 2012. The hull assembly of sister vessel will start in the beginning of July, after the launch. Arctech is building the vessels for Russian shipping corporation Sovcomflot and they will supply the Arkutun-Dagi oil and gas field …
Sakhalin’s Salmon Conservation Program
The Wild Salmon Center and Sakhalin Energy Investment Company summed up the results of the four-year program for conservation of wild salmon on Sakhalin Island. “Wild salmon is one of the most important resources not only for Sakhalin, but also for the entire North Pacific Region,” said Guido Rahr, President …
Dockwise increases holdings in Fairstar from 60.4% to 80.4%
Dockwise today announces that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V. (“Fairstar”). Over the weekend shares were bought from various shareholders including Indofin/Parkland. Dockwise has agreed the purchase of 17,834,122 shares or 20% in Fairstar, increasing …
Gazprom’s new Board of Directors elects Chairman and Deputy Chairman
The annual General Shareholders Meeting of Gazprom was followed by a meeting of the Company’s newly elected Board of Directors. Alexey Miller and Viktor Zubkov The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller, Chairman of the Gazprom Management Committee was named …
Shah Deniz Selects a Second Export Route Option to Europe
The Shah Deniz consortium has now concluded its evaluation of potential gas export routes towards South East and Central Europe. The Nabucco West project with a route running from the Turkish-Bulgarian border to Baumgarten has been selected as the single pipeline option for the potential export of Shah Deniz Stage …
Tethys Petroleum Limited Loan Facility Agreed
Tethys Petroleum Limited today announced that its Kazakh subsidiary had reached agreement on a USD 16.5 million loan facility. This facility is provided by a Kazakh bank to Tethys Aral Gas, a wholly owned Kazakh subsidiary of Tethys, and is available to fund capital expenditures in Kazakhstan. It can be …
PetroNeft Resources plc 2011 Final Results and Operations Update
PetroNeft Resources plc (“PetroNeft” or the “Group” or the “Company”) (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2011 and to provide an operations update. In addition, PetroNeft announces that the …
TNK-BP Announces Pilot Project to Increase Production Efficiency of Hard-to-Recover Oil Reserves in the Severo-Khokhryakovskiy Field in West Siberia.
The project, which TNK-BP is carrying out together with Schlumberger, one of the world’s leading oilfield service firms, involves implementing a set of original technological solutions: waterflood management, horizontal drilling using multi-stage hydraulic fracturing and other advanced technologies. The Severo-Khokhryakovskiy field is characterised by tight formations with a high heterogeneity …
LUKOIL Holds Annual General Shareholder Meeting
OAO LUKOIL held its Annual General Shareholders Meeting in Moscow today to approve the 2011 Annual Report and financial statements based on the fiscal year results. The shareholders approved dividend distribution based on the Company’s performance in 2011 in the amount of 75 rubles per ordinary share, which is 27.1% …
BG Group and Kazakstan Sign Updated Karachaganak Deal
BG Group today announced with the Republic of Kazakhstan (“the Republic”) and the other contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan, completion of their agreement which was initially signed on 14 December 2011.* Under the terms of the agreement the Republic has acquired a 10% interest …