Bashneft: Oleg Mikhaylov Steps down
JSOC Bashneft’s Board of Directors has accepted the resignation of Oleg Mikhaylov, Vice President for Oil and Gas Production, from the Management Board, as Mr. Mikhaylov has decided to leave the Company for family reasons. «We greatly regret that Oleg Mikhaylov is leaving the Company. He has made a significant …
Bashneft: Wins Leonovskiy Subsoil Area at Bashkortostan Auction
At an auction for the right to conduct geological exploration, prospecting and production of hydrocarbons held on September 23 by the Department of Subsoil Use of the Volga Federal District (Privolzhsknedra), Bashneft won the rights to the Leonovskiy subsoil area. Bashneft will make a one-time payment of 28.3 million roubles …
Eurasia Drilling Company: Uses Cash to Extend Share Repurchase Program
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that on September 23, 2014 the Board of Directors of EDC approved the extension of its Share Repurchase Program for an additional six month period starting October 2, 2014, once the current Share …
Sakhalin Oil and Gas 2014: Kirill Molodtsov – Kara Sea Drilling Continuing Till the 10th of October
Russia’s Rosneft and U.S. ExxonMobil are continuing to drill in the Kara Sea and plan to stop work by Oct. 10, Russian Deputy Energy Minister Kirill Molodtsov said on Tuesday. “They are drilling and will be drilling until Oct. 10. They did have to stop on Sept. 26 but they …
Zoltav Resources: Alastair Ferguson Appointed as Executive Director
Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce that Alastair Ferguson, a non-executive director of the Company since 19 May 2014, has become an executive director. Mr Ferguson has an extensive background in the oil and gas industry having held both technical and senior …
Eurasia Drilling Company: Continues GDR Buy Back Program
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on September 19 and September 22, 2014 a subsidiary of the Company purchased 50,500 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 25.91 per GDR. One GDR …
Siemens to Buy Dresser Rand for $7.6bn
Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand, which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover …
Rosneft and Sibur Signed an Agreement of Cooperation in the Sphere of Oil Products Supply
Rosneft and SIBUR signed a long-term agreement of cooperation in the sphere of development, testing and industrial introduction of lubricating materials and oil products. Under the agreement the parties will evaluate the demand of lubricating materials and oil products of the production facilities of the petrochemical holding. Moreover the companies …
Traditional Young Employees Scientific and Practical Conference Was Held at Tatneft
The 14-th Scientific and Practical Conference of JSC TATNEFT’s young employees was held at the Company, which brought together more than 300 delegates from the structural divisions and subsidiaries of JSC TATNEFT, management companies, educational institutions of the Republic of Tatarstan and energy companies of the Russian Federation. Currently there …
Gazprom neft: Second Tanker of Oil From the Novoportovskoye Field Delivered to Europe
The second tanker of oil produced at the Novoportovskoye field at the Yamal peninsula (in the Yamalo-Nenets Autonomous District), was shipped to consumers in September. The batch of 27.2 thousand tonnes was shipped to north west Europe in the last delivery on the 17th September. The new type of oil, …