Rosneft and Yokogawa Electric Corporation signed a Strategic Cooperation Agreement
Igor Sechin, President and Chairman of the Management Board, Rosneft and Shuzo Kaihori, Chairman and Chief Executive Officer, Yokogawa Electric Corporation signed a Strategic Cooperation Agreement at the 21st World Petroleum Congress. Under this agreement, Rosneft will on a tender basis consider Yokogawa as a vendor of automated process control …
Weatherford Moves Incorporation to Ireland – A Taxing Decision?
Weatherford International Ltd., announced today that its shareholders have approved changing its place of incorporation from Switzerland to Ireland at the Extraordinary General Meeting of Shareholders held in Zug, Switzerland. As previously disclosed by the SIX Swiss Exchange, trading in the shares of Weatherford International Ltd. on the SIX Swiss Exchange will be suspended as from and …
Sercel Launches Quietsea Marine Mammal Monitoring System
Sercel has launched QuietSea™, its new passive acoustic monitoring (PAM) system designed to detect the presence of marine mammals during seismic operations. Totally different from other commercially available PAM systems, QuietSea is set to revolutionize PAM within the seismic industry. Unlike other separate antenna PAM systems, QuietSea is seamlessly integrated …
Shelton Petroleum AB: Update on Convertible Bonds
The conversion period for the convertible bond 2013/2014 has expired. Holders of the entire outstanding amount of SEK 12.9 million have requested conversion to shares of series B. After such conversion, Shelton Petroleum has no interest-bearing debt. On 14 May 2014 Shelton Petroleum announced a repurchase of SEK 9.5 million …
Gazprom Neft: GSP Saturn Delivered to The Dolginskoye Field
The GSP Saturn drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea. An exploration well will be drilled from the platform during the …
Gazprom To Supply Ukraine Only With Prepaid Gas Volumes From Today
Today at 10:00 (Moscow time), in full compliance with the effective contract, Gazprom switched Naftogaz of Ukraine to a prepayment of gas supplies. The decision was made owning to persistent non-payments by Naftogaz of Ukraine. The overdue debt of the company for the supplied Russian gas equals USD 4.458 billion: USD 1.451 billion – for November and December 2013 and USD 3.007 billion for April and …
Tatneft: Q1 Profit Up $140m YoY
OAO Tatneft has published on its web-site (http://www.tatneft.ru/?lang=en) the unaudited consolidated interim condensed financial statements for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards and related Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial highlights below are based on …
Shelton Petroleum: Rustamovskoye Production Up 260% YOY
Shelton Petroleum’s total oil production in May 2014 amounted to 28,180 barrels, equivalent to 909 barrels per day. The table below summarizes the production broken down by oil field. May 2014 May 2013 Jan-May 2014 Jan-May 2013 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 11,060 10,740 55,100 50,325 …
ENI and KMG Sign Isatay Agreement
The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman …
Volga Gas: Q1 Production Up 53% on 2013
Volga Gas plc , the oil and gas exploration and production group operating in the Volga Region of Russia,is pleased to provide the following trading statement and operational update for the first quarter of 2014. Production volumes and sales for Q1 Production between 1 January and 31 March 2014 was approximately …