Shelton Petroleum: Gets Swedish Securities Council To Rap Petrogrand’s Knuckles Over Offer
As previously announced, the Board of Directors of Shelton Petroleum will conduct a thorough analysis of Petrogrand’s public offer. In relation to this, the Board has requested that the Swedish Securities Council (Aktiemarknadsnämnden) reviews and comments on several aspects of the public offer. The Securities Council has in a statement …
Ruspetro: Yearly Figures – Revenues up 5% – Looking to Restart Development Drilling
Ruspetro plc, is an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2013 and an update on its operations to date. Financial Highlights · Revenues of US$79.8m (+5% Y-o-Y) …
Petrogrand: Withdraws Shelton Board Member Request and Waits for Annual Report
Petrogrand AB announced on 21 March 2014 at 16:05 CET a public cash offer to the owners of shares, convertible bonds and warrants in Shelton Petroleum AB. In the light of the recommendation by the Securities Council, as well as new information regarding the number of shares in Shelton Petroleum, …
Bashneft Announces Consolidated IFRS Results for 2013
Bashneft Group (further «Bashneft», «The Company», or «the Group»), which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS) In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB …
Rosneft Starts Geophysical Surveys in Eastern Arctic
Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Oleneksky, Anisinsko-Novosibirsky, Yuzhno-Chukotsky, and Severo-Vrangelevsky 1 and …
Matra Petroleum: Seeks USD10m from the Guarantor of the Arkhangelovskoe Licence
Matra Petroleum plc announces that the deadline by which the acquirer of the Arkhangelovskoe Licence must either provide the Company with a negative drilling report or pay an additional payment of US$10,000,000 has passed. The Company is therefore in the process of preparing the necessary documents to make a formal …
Total To Join Russian Shale Plays
French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the website of the Russian region’s governor. Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s …
Weatherford: Board Approves Change Of Jurisdiction Of Incorporation From Switzerland To Ireland
Weatherford International Ltd. announced today that its Board of Directors has approved changing its place of incorporation from Switzerland to Ireland. Weatherford’s shareholders will be asked to approve the proposed change at an Extraordinary General Meeting of Shareholders expected to be held in June 2014. Bernard J. Duroc-Danner, Weatherford’s Chairman, …
Bashneft: Yearly Figures EBITDA up by 3.6%
Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS). In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB 563,296 million. Adjusted EBITDA increased by 3.6% …
Rosneft’s Yurubcheno-Tokhomskoye Oilfield in Eastern Siberia Delayed to 2017
Rosneft plans to start production at its Yurubcheno-Tokhomskoye oilfield in eastern Siberia in 2017, the company said on Tuesday, another delay for a field key to Russia’s efforts to at least keep oil production at current levels. Rosneft, Russia’s biggest oil company and the world’s largest listed producer by output, said Yurubcheno-Tokhomskoye …