Rosneft Closes the Deal for the Acquisition of Oil Field Services from Weatherford International
Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquires 8 companies (part of the Weatherford group) involved …
Bashneft Acquires Bashneftegazrazvedka, Which Owns a Licence Area in Bashkortostan
Bashneft acquired LLC Bashneftegazrazvedka, which holds a licence for geological exploration of subsoil blocks aimed at prospecting and evaluating hydrocarbon reserves at the Vostochno-Ikskiy licence area in the Bakalinsky District of the Republic of Bashkortostan (the licence is valid until September 1, 2018). The Vostochno-Ikskiy licence area has a total area of 1,111.4 sq. km and borders the Ilishevskoye oilfield in the north-eastand the Mustafinskoye oilfield developed …
Rosneft Repays Part of a Loan Arranged for ТNК-ВР Acquisition
Rosneft announces it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, President of Rosneft, commented: …
Rosneft Acquires Morgan Stanley International Oil Merchanting Business
The Russian 100% subsidiary of Rosneft Oil Company and Morgan Stanley signed a binding agreement to purchase the Global Oil Merchanting unit of Morgan Stanley Commodities division. Financial terms of the transaction were not disclosed. The sale includes access to an international network of oil storages, crude oil and products …
Rosneft Publishes Voluntary Offer to Acquire RN Holding Shares
Rosneft published the Voluntary offer to acquire RN Holding securities held by minority shareholders (hereinafter the Voluntary offer) and sent the Voluntary offer to RN Holding. Acting with accordance to the law on October 18, 2013 Rosneft submitted the Voluntary offer to Bank of Russia. Under the Voluntary offer, Rosneft …
Rosneft Finalises Acquisition of AAR’s 50% Interest in TNK-BP
Rosneft has finalized the acquisition of AAR’s 50% share in TNK-BP in exchange for cash consideration of $27.73 billion USD in correspondence with the terms, agreed upon by the parties in October 2012. This amount is calculated basing on the terms of purchase price formation, stipulated by the purchase agreement. …
Boskalis closes debt financing for Dockwise acquisition
With reference to the press release of 30 January 2013, in which Boskalis announced its decision to make an all cash mandatory public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend, which equals NOK 137 as per …