Integrated Oil & Gas

Page 1

Aktsionernaya Finansovaya Korporatsiya Sistema OAO, ANK Bashneft' OAO shares fall following charges against chairman-Interfax

12:21am EDT

Aktsionernaya Finansovaya Korporatsiya Sistema OAO:Shares of Aktsionernaya Finansovaya Korporatsiya Sistema OAO and its subsidiaries, MTS and ANK Bashneft' OAO, fell in the opening hour of trading on the news that Sistema's chairman Vladimir Evtushenkov has been placed under house arrest and accused of money-laundering-Interfax.At 10.08 Moscow time Sistema's shares were down by 26.3 percent, Bashneft's ordinary shares by 11.32 percent and preferred by 15.54 percent, while MTS shares by 5.56 percent.

ANK Bashneft' OAO former chief on international wanted list-Interfax

Tuesday, 16 Sep 2014 11:48am EDT

ANK Bashneft' OAO:The former chief of Bashnef, Ural Rakhimov, has been indicted in absentia in an inquiry into embezzlement of the company's shares and declared an international fugitive, a source familiar with the situation told Interfax-Interfax."Rakhimov's representatives have been formally notified of the charges on the part of law enforcement authorities. The case contains the ruling on indictment in absentia and international search for the suspect," the source said.Rakhimov's lawyers have taken steps to appeal the investigators' decisions, he said.

SIBUR Holding OAO recommends H1 2014 dividend payment-Interfax

Tuesday, 16 Sep 2014 01:56am EDT

SIBUR Holding OAO:The board of directors of Russian petrochemicals company Sibur has voted for dividends of 7.69 billion Russian rubles at 3.5 rubles per share, the company said in its report to International Financial Reporting Standards (IFRS) for the first half of 2014-Interfax.The company paid 6.38 billion rubles at 2.93 rubles per share for H1 2013.This is equivalent to 25 percent of IFRS net profit.

SIBUR Holding OAO proceeds with ZapSibNeftekhim project

Monday, 15 Sep 2014 08:00pm EDT

SIBUR Holding OAO:Says that based on completion of the FEED contracts and assessment of the design documentation, SIBUR proceeds with the ZapSibNeftekhim project.With the project moving on to the next stage, SIBUR's Board of Directors has approved increased funding for the project in 2014, with overall capex budget for 2014 increasing to 74 billion Russian rubles from 53 billion rubles.ZapSibNeftekhim is designed to operate steam cracker with capacity of 1.5 mtpa of ethylene, around 500 ktpa of propylene and 100 ktpa of butane-butylene fraction (BBF), along with units with a total capacity to produce 1.5 mtpa of various grades of polyethylene and a polypropylene unit of 500 ktpa.The cracker, polyethylene and polypropylene units’ FEED has been completed.SIBUR has signed an agreement to design infrastructure and off-site facilities with NIPIgazpererabotka.According to preliminary estimates, total investment in the ZapSibNeftekhim project will amount to about $9.5 billion (around 360 billion rubles), including the expenditure already incurred and costs budgeted for commissioning.Production site infrastructure construction and other works for the project are to be completed within 5 to 5 and a half years.

EU applies sanctions to NK Rosneft' OAO, AK Transneft' OAO, Gazprom neft' OAO-Interfax

Friday, 12 Sep 2014 12:37am EDT

NK Rosneft' OAO:Russian oil companies Rosneft, AK Transneft' OAO and Gazprom neft' OAO have been included on a list of new restrictive measures of the European Union regarding Russia, the EU Official Journal reported-Interfax.The EU has also introduced restrictions on cooperation with Russia in developing scavenger oil deposits.

EU applies sanctions to NK Rosneft' OAO, AK Transneft' OAO, Gazprom neft' OAO-Interfax

Friday, 12 Sep 2014 12:37am EDT

NK Rosneft' OAO:Russian oil companies Rosneft, AK Transneft' OAO and Gazprom neft' OAO have been included on a list of new restrictive measures of the European Union regarding Russia, the EU Official Journal reported-Interfax.The EU has also introduced restrictions on cooperation with Russia in developing scavenger oil deposits.

Eni SpA denies illegal conduct on Opl 245 acquisition

Thursday, 11 Sep 2014 05:07am EDT

Eni SpA:Says that in relation to the preliminary investigation launched by the Milan Prosecutor's office on the acquisition of the block OPL 245 in 2011, Eni continues to deny any illegal conduct.Eni highlights that it entered into agreements for the acquisition of the block only with government of Nigeria and Shell.The entire payment for the issuance of the license to Eni and Shell was made uniquely to the Nigerian government.Eni notes that as part of a foreign procedure ordering the seizure of a third party’s bank account, following a request by the Prosecutor of Milan, Eni’s CEO and Chief Development, Operations and Technology Officer are under preliminary investigation by the Milan prosecutor's office.Eni is cooperating with the Milan prosecutor’s office, and is confident that the correctness of its actions will emerge during the course of the investigation.

Eni SpA shares hit by report CEO probed over Nigeria deal-Reuters

Thursday, 11 Sep 2014 03:30am EDT

Eni SpA:Shares in Italian oil and gas group Eni more than 1 percent on Sep. 11 as traders cited a report in the Corriere della Sera newspaper that new CEO Claudio Descalzi was under investigation for alleged corruption in Nigeria-Reuters.ENI could not give an immediate comment.Corriere della Sera said on Sep. 11 that Milan prosecutors had put Descalzi under investigation in connection to the acquisition of a big oil field in Nigeria in 2011.Descalzi, who was head of the group's exploration and production (E&P) unit at the time of the Nigerian deal, was appointed CEO of Eni in May.The ongoing investigation by Milan prosecutors relates to the purchase of offshore oil block OPL 245 in Nigeria by Eni and Shell, judicial sources with direct knowledge of the matter said in July.In July, Eni confirmed the investigation and said in response to a Reuters' request for comment: "Eni declares the absolute properness of its handling of the dealings in question and assures its full cooperation with Italian prosecutors.".

Fitch affirms Novatek OAO at BBB-

Monday, 8 Sep 2014 08:15am EDT

Novatek OAO:Fitch Ratings has affirmed Novatek's long-term foreign currency Issuer Default Ratings (IDR) at BBB- with a stable outlook.Novatek's BBB- rating reflects its business profile as Russia's natural gas producer and exporter of stable gas condensate and other liquids, its relatively low price risks untypical for the industry, and manageable debt load.The ratings also reflect Novatek's medium operational scale, country risks due to its concentration in Russia and uncertainties about how its Yamal LNG project will be financed.Sanctions imposed on Novatek by the US in July 2014 have not yet triggered any negative rating actions, in view of Novatek's sound liquidity.They have not affected the company's day-to-day operations.However, already enacted and possible future sanctions may be negative in the long term and could delay the Yamal LNG project.

NK Rosneft' OAO, PetroVietnam agree to form JVs to operate on Pechora Sea shelf-Interfax

Friday, 5 Sep 2014 07:13am EDT

NK Rosneft' OAO:Rosneft and PetroVietnam have reached agreement to form joint ventures to operate at two Pechora Sea shelf sections-Interfax.Rosneft said it would own 66.67 percent and PetroVietnam 33.33 percent of the equity in the ventures.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary

Analyst Research

Report Title Price
Provider: Wall Street Transcript ,The
$50.00
Provider: GlobalData
$125.00
Provider: Pechala's Reports
$10.00
Provider: GlobalData
$125.00
Provider: Prime Equity Research
$10.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.