Shelton Petroleum and Petrogrand want to dissolve the cross-ownership
Shelton Petroleum and Petrogrand have today entered into an agreement that will facilitate for the companies to negotiate a breakup of the cross-ownership, which in turn will enable the companies to focus on the development of their operations and license portfolios. In accordance with the agreement, the parties will not …
Rosneft and BP Signed a Long-Term Contract for the Delivery of Oil Products on a Pre-Paid Basis
Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis. The terms of transaction provide for export deliveries of oil products with possible substitution with oil of up to 12 million tons within 5 years …
Lukoil Joins Shelf Project In Cameroon
LUKOIL has acquired a 37.5-percent interest from the British company Bowleven Plc in the development project of the Etinde site at Cameroon’s shelf as part of a production-sharing agreement (PSA). The transaction will be completed upon approval on the part of Bowleven Plc’s shareholders and the government of Cameroon. The Etinde site …
Annual General Meeting of Obneftegazgeologia’s Shareholders
The Annual General Meeting of Open Joint-Stock Company Obneftegazgeologia’s (hereinafter referred to as OAO ONGG) Shareholders was held on June 25, 2014. The Subsidiary’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders didn’t pass the resolution about payment of …
The Government of Kazakhstan reduces mineral extraction tax rate for Karazhanbasmunai
JSC КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) is pleased to announce that the Kazakh Government has included the Karazhanbas oil and gas field (in the Tupkaragan District, Mangystau Province) in the list of marginal, hydrocarbon, high-viscosity, water-flooded and depleted fields. It has been included in this category retrospectively, …
Intelsat and SpeedCast Join Forces to Provide Enhanced Global Connectivity
New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors Intelsat S.A., the world’s leading provider of satellite services, announced today that it has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast, the …
C.A.T. oil Agreement with Gazprom Neft Ensures Full Utilization of New Capacities Until End of 2016
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services on 17 June 2014. The agreement guarantees full utilization of four new drilling rigs and one new fracturing fleet …
Exillon Energy: Updates Board Committees
Exillon Energy, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, announces the composition of its Board committees. Audit Committee: Roman Kudryashov (Chair), Natalya Shternberg, Alexander Markovtsev Corporate Social Responsibility Committee: Natalya Shternberg (Chair), Alexander Suchkov, Sergey Koshelenko Remuneration Committee: Alexander …
Exillon Energy: 17,847 bbl/day Production in May
Exillon Energy plc , a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of May 2014 (“the Period”). · Our average daily production[1] was 17,847 bbl/day during the period. · Average daily production for Exillon …
OAO Slavneft-Yaroslavnefteprodukt: Holds AGM
The Annual General Meeting of Open Joint-Stock Company Slavneft-Yaroslavnefteprodukt’s Shareholders was held on June 19, 2014. The Subsidiary’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders resolved not to pay dividends on the ordinary and preferred shares and to …