Rosneft President Igor Sechin Starts Working Trip to Sakhalin Region
Igor Sechin, Rosneft President and Chairman of the Management Board started a working trip to Sakhalin Region. As part of the visit he held talks with the region governor Alexander Khoroshavin. The parties signed a cooperation agreement between Rosneft and Sakhalin Region aimed at regulating the parties’ obligations concerning hi-tech …
Rosneft Launches Training Program for Offshore Drilling Supervisors
The new qualification which is unique for Russia is available for the staff of Rosneft subsidiaries through the professional training program. The company is a leading subsoil user on the Russian shelf. According to independent experts, the company’s license blocks hold over 275 bln boe of recoverable resources. Offshore drilling …
Igor Sechin Begins Examining TNK-BP Assets with Samotlor Field
Rosneft President and Chairman of the Management Board Igor Sechin is on a working visit to Nizhnevartovsk, where he gets acquainted with the facilities of Samotlorneftegaz, the biggest production asset of TNK-BP. Rosneft completed TNK-BP acquisition last week. Rosneft delegation includes First Vice President Eduard Khudaynatov, Vice President for Production …
Rosneft Appoints Managers to the Integrated Company
Igor Sechin, Rosneft President and Chairman of the Management Board, appointed managers to key positions in the integrated company: Olga V. Malyshkina – Rosneft Central Tender Committee Chair, Director of Procurement Department in the rank of Vice President; Andrey Lazeev – Vice President, Chief Geologist (Exploration & Production); Eric Moris …
Rosneft: Chief Financier, Dmitry Avdeyev, Leaves After Completed TNK-BP Deal
Dmitry Avdeyev, who has been managing finances at Russia’s biggest oil producer Rosneft since June 2012, has left the company after it completed the $55 billion acquisition of TNK-BP, local press reported on Friday. Kommersant business daily, citing unidentified sources, tipped Svyatoslav Slavinsky, a senior banking services executive with Citigroup …
BP to Buy Back $8 billion of Shares, Returning its 2003 Investment in TNK-BP to Shareholders
BP announced today that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to …
Rosneft Consolidates 100% of TNK-BP
Rosneft today announces the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares. Separately BP acquires 5.66% of Rosneft shares from OFSC ROSNEFTEGAZ. As a result of these transactions …
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. …
Rosneft and BP Complete TNK-BP Sale and Purchase Transaction
Key points: Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: o BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; o Rosneft becomes …
RPI Reports: The Number of Offshore Subsoil Users Should Be Increased
At the end of November 2012, the Deputy Prime Minister of Russia Arkady Dvorkovich said that “the question concerting the list of companies authorized to work on the Russian shelf will be discussed until around February 2013. A number of companies have shown interest in joining this work. A final …