Gazprom Neft Establishes an Upstream Joint Venture with Zarubezhneft Dedicated to Development of ‘Tight’ Oil
Gazprom Neft and Zarubezhneft have used this year’s St Petersburg International Economic Forum to sign an agreement on establishing a joint venture for the exploration, development and production of hard-to-recover oil reserves, including unconventional hydrocarbons. The document was endorsed by Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Sergei Kudryashov, General Director, Zarubezhneft. Once the transaction closes …
Boskalis and VolkerWessels Establish Offshore Cable Installation Joint Venture
Royal Boskalis Westminster N.V. (Boskalis) and Royal Volker Wessels Stevin N.V. (VolkerWessels) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a strong party combining know-how and equipment allowing it to respond effectively to growth in the market …
Establishment of a Joint Venture Between Weatherford and BENZ, a part of Runaсo Group
On July 23, 2013 Bugulma (The Republic of Tatarstan) hosted the opening ceremony of the joint venture between Weatherford and Bugulma Electric Pump Plant at the plant’s premises. Rustam Minnikhanov, President of the Republic of Tatarstan, Ildus Kasymov, head of the municipal district of Bugulma, Bugulma Mayor, Dean Kaminski, Vice …
Rosneft and SANORS Sign Heads of Agreement For Joint Venture
On June 21, 2013, Rosneft and SANORS petrochemical holding company signed Heads of Agreement (HoA), under which the parties intend to create a joint venture that will incorporate Rosneft’s gas processing assets and SANORS’ petrochemical assets in Orenburg and Samara regions. It is expected that Rosneft’s stake in JV will …
Cadogan Petroleum plc: Joint Venture with Oil and Gas Management Services Group
Cadogan Announces Joint Venture with Oil and Gas Management Services Group Cadogan is pleased to announce that it has today signed a non-binding Memorandum of Understanding (“MoU”) and a Secured Loan Agreement (the “Loan”) with Oil and Gas Management Services Limited. OAGSG, which operates the largest Oil Country Tubular Goods …
Rosneft and ITERA Group Sign Strategic Cooperation Agreement
Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages the possibility of establishing …
ALLIANCE OIL AND REPSOL REACH AN AGREEMENT TO FORM AND GOVERN RUSSIAN EXPLORATION AND PRODUCTION JOINT VENTURE
Alliance Oil Company Ltd and Repsol Exploración, S.A. have reached an agreement to form and govern a joint venture for exploration and production growth in Russia. Further to the agreement, Alliance and Repsol envisage establishing a joint venture with a total asset base of approximately $840 million following asset and …