JKX: Comment on Eclairs and Glengary Voting Rights and Hopes for the Koshekhablskoye Facility
I want to update you on the status of the Court proceedings initiated by Eclairs Limited and Glengary Overseas Limited and their nominees against your Company and also to give you a JKX progress report as we approach the end of the year. Permission to Appeal Granted The Court of …
Alexey Miller and Yury Boiko Discuss Crucial Issues of Cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Yury Boiko, Vice Prime Minister of Ukraine. The parties discussed crucial issues of cooperation in the gas sector.
Surgutneftgas: Operating Results for the First 10 Months of 2013
Over the last ten months of 2013, Surgutneftegas produced about 51,165.7 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 5,990.3 thousand tonnes, 10% up versus ten months of 2012. Throughout January-October of 2013, gas production amounted to 10.042 billion …
Alliance Group and Alliance Oil Announce the Final Timetable with Respect to the Amalgamation Between Alford and Alliance Oil
The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and of Alliance Oil Company Ltd. (“Alliance Oil”) today announce that they have now received all the necessary antitrust clearances in Russia, Germany and Cyprus to complete the amalgamation between Alford Financial Ltd and Alliance …
Russia Looking to Expand Tax Breaks
Russia is likely to grant a request from Surgutneftegas to widen the qualification criteria for the country’s tax breaks on shale oil. Energy minister Alexander Novak said that “Surgutneftegas has asked us to change some criteria and parameters applicable to the breaks. “We are likely to support this initiative,” Novak …
Emerson Launches Enhanced Reservoir Modeling Software
RMS 2013 moves into seismic interpretation, providing users with unique tools for quantifying geologic risk early in the interpretation process and improved investment returns. Emerson Process Management has released Roxar RMS 2013, the latest version of its reservoir modeling software. RMS 2013 now comes with model driven interpretation capabilities and …
Aker Solutions: Focus on Quality of Operations, Returns Paying Off
Aker Solutions‘ increased attention to operations and return on equity is starting to pay off after a challenging start to the year. The company will today at its capital markets day announce that all business areas are committed to improvement programmes that will start translating into double-digit profit margins for …
Tethys Petroluem: Wells Being Prepared for Testing Program, Klymene Could Hold Good Potential
Tethys Petroleum Limited today gave an update on its operations in Kazakhstan. AKD08 (“Doto”) The AKD08 (“Doto”) exploration well has reached a total depth of 3,556 metres and electric logs have been run to TD in the 8 1/2″ hole section. As was previously announced, hydrocarbon indications have been observed …
Aspen Technology: Version 8.4 of aspenONE® Software Expands Activation Capability to Optimize Energy, Economics, and Heat Exchanger Designs
Other enhancements include a new crude assay data system and new reactor models in Aspen HYSYS® for heavy crudes and expanded solids models in Aspen Plus® Aspen Technology, Inc. , a leading provider of software and services to the process industries, announced the availability of aspenONE V8.4 software, featuring new …
Gazprom Neft has Signed a $2.15 billion Club Term Facility Agreement
Gazprom Neft has signed a $2.15 billion club term facility agreement with a group of international banks. The facility is an amortizing* $2.15 billion term loan with a final maturity date falling five years from the date of the first utilization and a two-years grace period. The facility has a …