Eni Agrees To Sell SeverEnergia Stake for $2.9 bln to Novatek and Gazprom Neft
Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …
SeverEnergia: Gazprom Neft and Novatek Eye Stake Increase
Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …
RN Holding Board of Directors Recommends Shareholders to Accept Rosneft Voluntary Offer to Acquire RN Holding Shares
RN Holding announces that the Company’s Board of Directors decided on November 14, 2013 to recommend the Company’s shareholders to accept the voluntary offer of Rosneft as of October 18, 2013 to acquire ordinary and preferred shares of the Company (hereinafter – the Voluntary Offer). The Company received the Voluntary …
Enel: Completes $1.8bn Sale of SeverEnergia to Rosneft
Italy’s biggest utility Enel has completed the $1.8 billion sale of its stake in Russian natural gas producer SeverEnergia to Kremlin-controlled Rosneft, despite resistance from other shareholders reported Reuters. The deal has increased tensions between Russia’s oil barons, a headache for Russian President Vladimir Putin as he looks to boost …
Rosneft, Gazprombank, Sovcomflot and DSME Agree to Jointly Develop Engineering and Shipbuilding Cluster in Russian Far East
Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a …
Rosneft Agrees Principal Terms to Ship Crude Oil via Kazakhstan
Rosneft President and Chairman of the Management Board Igor Sechin took part in the 10th Forum for Interregional Cooperation between the Russian Federation and Kazakhstan, which was held on November 11, 2013 in Yekaterinburg involving Presidents of the Russian Federation and Kazakhstan Vladimir Putin and Nursultan Nazarbayev. As part of …
Rosneft and Vietnam Oil and Gas Group PetroVietnam Sign Agreements for Offshore Projects Development
Rosneft and Vietnam Oil and Gas Group (hereinafter referred to as PetroVietnam) signed Agreement on basic terms for geological survey, hydrocarbon exploration and production in the Pechora Sea. The agreement was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Dr. Do Van Hau, President and …
TNK-Uvat: Discovers New Field – Kirilkinskoye
Rosneft subsidiary TNK-Uvat has discovered a new oil field, it named Kirilkinskoye. The materials of the operational analysis of oil and dissolved gas reserves have been discussed and approved by the State Commission for Reserves. The drilling and testing in exploration well 72 of the Kirilkinsk oil pool resulted in …
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 …
Lundin Petroleum: Report For The Nine Months Ended 30 September 2013
Third quarter ended 30 September 2013 (30 September 2012) Production of 29.4 Mboepd (36.6 Mboepd) – Reduced production due to the planned Alvheim FPSO shutdown in August and integrity issues on certain Alvheim wells. Revenue of MUSD 279.8 (MUSD 343.3) EBITDA of MUSD 222.1 (MUSD 273.6) Operating cash flow of …