Bashneft Board of Directors Approves Share Capital Increase
Yesterday, the Board of Directors of JSOC Bashneft took a decision to increase the Company’s authorized share capital through a public offering of up to 37 million additional ordinary shares. The Board of Directors approved the share issue decision and the prospectus, while also giving their approval for a possible inclusion of Bashneft’s shares in Moscow Exchange’s First Tier quotation list The Board of Directors approved …
Moody’s changes outlook on Bashneft’s Ba2 CFR to positive; affirms rating
Moody’s Investors Service has today changed to positive from stable the outlook on the Ba2 corporate family rating (CFR) of OJSC Bashneft, following robust improvements to the company’s business profile alongside a fairly stable financial profile over the past 24 months. Concurrently, Moody’s has affirmed the rating Ratings rationale Today’s outlook change reflects Moody’s view that Bashneft’s business profile has strengthened …
Annual General Meeting of Slavneft’s Shareholders
The Annual General Meeting of Open Joint-Stock Oil and Gas Company Slavneft’s (hereinafter referred to as OAO NGK Slavneft) Shareholders was held in Moscow on June 30, 2014. The Company’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders resolved to …
Rosneft Announcement Regarding Gazprom Position on the Admission of Independent Gas Producers to the Major Gas Pipeline Network
The head of Gazprom Alexey Miller has announced that “Power of Siberia pipeline and export supplies to China were planned only for Gazprom resource base”. This position is completely different from the target of developing Siberia and Far East regions and openly contradicts the current legal system. The argument of …
Rosneft Started Geological Exploration in the Barents and Pechora Sea
Rosneft has started field works at five license blocks of the Barents and Pechora Seas: West Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky, South Prinovozemelsky and West …
Gazprom Neft Begins Exploratory Drilling at the Dolginskoye Field in the Arctic
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea. The work is being carried out during the ice-free months of 2014 and will involve drilling a single well to a depth of 3,500m and conducting a full range of geological investigations. The experience gained from previous work on the …
The Liebherr Group’s New Web Presence
• Relaunch as international umbrella brand portal on 30.6.2014 • Significantly more detailed information about the Group • Interactive control elements and innovative web technology • Quick access to information irrespective of the user’s end device The Liebherr Group has fundamentally upgraded its web presence. The incremental relaunch of the liebherr.com site as an …
Roxi Petroleum: AGM Statement
BNG Roxi has a 58.41% interest in the BNG Contract Area Deep well – Airshagyl 5 Drilling has resumed and by Friday, 27 June 2014 reached a depth of 4,236 meters. The well’s principal target is the Carboniferous formation at 4,390 meters with a subsidiary target in the Permian …
Change in number of shares and votes in Shelton Petroleum
In June 2014 the number of shares of series B in Shelton Petroleum AB changed. 806,875 shares of series B were issued in relation to the conversion of all of the outstanding SEK 12,910,000 convertible bond 2013/2014. Following the issue of shares, the total number of shares of series B …
Repsol Makes Russia’s Largest Hydrocarbons Discovery in Two Years
Repsol has made two new hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in Western Siberia in Russia. According to the Ministry of Natural Resources and Environment of the Russian Federation’s calculations, these finds could add 240 million barrels of oil equivalent in recoverable resources for Repsol. According to …