Trican Well Service: Reaches Agreement for Sale of Its Russian Pressure Pumping Business for CDN $181.6 M
Trican is pleased to announce that it has entered into a definitive agreement with RN Assets LLC (the “Purchaser”), a subsidiary of Rosneft Oil Company (“Rosneft”), for the sale of Trican’s Russian pressure pumping business to the Purchaser. The transaction involves the sale of all shares of Trican Well Service …
RN-Brazil: Participates in the 13th Licensing Round Organized by the ANP
RN-Brasil, Rosneft subsidiary, registered as a participant in the 13th license round organized by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil). The registration is subject to the approval of ANP and will allow the Company to take part in the license round and obtain geological data …
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within …
Rosneft Increased Production Drilling Volumes by 27% in 7 Months
Rosneft increased technical drilling volumes at the Company’s production assets by 27% in 7 months of 2015. Based on the January through July 2015 results the overall drilling progress accounted to 4.585 mln m, whilst during the same period of 2014 the figure was 3.605 mln m. Efficient technical drilling …
US Sanctions: Could Impact Shell’s Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
US Sanctions: Could Impact Shell's Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
RN-Severnaya Neft: Starts Oil Production at the Labaganskoye Field
RN-Severnaya Neft, a Rosneft subsidiary, began commercial oil production at the Labaganskoye field. 3D CDP (Common Depth Point) seismic prospecting was performed in the area, appraisal wells were drilled. An extensive work was also completed to prepare for development drilling – the properties of oil and reservoir rocks that generated …
Rosneft Statement on the Inclusion of the Company’s Subsidiaries in the Sectoral Sanction List of OFAC
Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. The subsidiaries on the List are financially stable and have sufficient …
Rosneft Files Joint Bid with ExxonMobil for Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited filed joint bids to participate in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of the companies is of a strategic nature. Rosneft and ExxonMobil …
Rosneft: Delivers First Production Well for the East-Messoyakha Field
Rosneft and Gazprom Neft have completed early the project to build the first production well at the East-Messoyakha deposit, which is part of the Messoyakha cluster, the northernmost of the known Russian onshore oil fields. The project is part of the joint drilling program implemented by the two companies. The …