Integrated Oil & Gas

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FAS allows NK Lukoil OAO subsidiary to increase stake in Komineft' OAO-Interfax

Friday, 18 Jul 2014 05:36am EDT

NK Lukoil OAO:The Federal Anti-Monopoly Service of Russia (FAS) has approved a motion of NK Lukoil OAO's subsidiary, LUKOIL-Komi OOO, for the acquisition of a 16.442 percent voting shares in Komineft' OAO, FAS materials show-Interfax.This will bring LUKOIL-Komi OOO's stake in Komineft' OAO to 57.885 percent.Currently, LUKOIL-Komi OOO owns 41.44 percent shares in Komineft' OAO.Other 23.86 percent is owned by SDK Garant OOO, 20.92 percent by NKO NRD ZAO and 0.0011 percent by an individual.

NK Rosneft' OAO acquires oil field services from Weatherford International PLC

Monday, 14 Jul 2014 12:01am EDT

NK Rosneft' OAO:Signs agreement with Weatherford International PLC for the acquisition of Rosneft land drilling and workover assets of Weatherford in Russia and Venezuela.The agreement envisages the acquisition of 8 companies (part of the Weatherford group) involved in drilling operations in Russia and Venezuela.The document also envisages the development of long-term cooperation in oil field services between Rosneft and Weatherford.The closing of the transaction is expected to close in the third quarter of 2014.

Intesa Sanpaolo SpA, UniCredit SpA, Clessidra, Nuove Partecipazioni and NK Rosneft' OAO finalize Camfin transaction

Thursday, 10 Jul 2014 12:52pm EDT

Intesa Sanpaolo SpA:Says Intesa Sanpaolo (ISP), Unicredit (UC), Clessidra, Nuove Partecipazioni (NP) and Long-Term Investments Luxembourg, designated by NK Rosneft' OAO, finalize the Camfin transaction, relating to the acquisition of the 50 pct Camfin stake for 552.7 mln euros.Long-Term Investments Luxembourg purchased from Clessidra the entire share capital of Lauro 54 (owning a participation representing 24.06 pct of Lauro 61/Camfin share capital) and from each of ISP and UC a participation representing 12.97 pct of Lauro 61/Camfin.The shareholders' meeting of Lauro 61 and Camfin resolved upon the partial and non-proportional demerger from Camfin of the assets and liabilities not related to the Pirelli equity stake.Resolved also upon the merger by incorporation of Lauro 61 into Camfin.Says, as a result of the above acquisitions, Long-Term Investments Luxembourg has become the indirect holder (through Lauro 54 and Lauro 61) of 50 pct of Camfin share capital.The remaining 50 pct of Camfin share capital is owned by NP, ISP and UC.NP, ISP and UC have entered into a shareholders’ agreement with respect to the equity stakes held by each of them in Lauro 61/Camfin (38.78, 5.61 and 5.61 pct, respectively), corresponding to 50 pct of Camfin share capital.Says NP, ISP and UC will contribute their stakes into a newco (COINV SpA), which will become the owner of 50 pct of Camfin share capital.COINV will be owned by NP for 76 pct and by each of ISP and UC for 12 pct.

ERG SpA announces completion of closing of transaction with NK Lukoil OAO Group subsidiary ISAB for sale of ISAB Energy plant

Monday, 30 Jun 2014 09:01am EDT

ERG SpA:Announces the closing on June 30 of the transaction with the NK Lukoil OAO Group subsidiary ISAB for the sale of the ISAB Energy and ISAB Energy Services business lines.Says the sale comprises above all the IGCC production plant and the personnel concerned with its operation and maintenance.Says this is the final stage of the operation leading to the sale of the ISAB Energy facility, in line with the definitive exit from the ISAB Refinery.In this transaction, UniCredit has acted as financial advisor and the firm DLA Piper as legal advisor.

Gazprom neft' OAO subsidiary wins auction for Khanty-Mansiisk license-Interfax

Monday, 30 Jun 2014 05:44am EDT

Gazprom neft' OAO:OJSC Gazprom Neft-Noyabrskneftgaz, a subsidiary of Gazprom neft' OAO, won an auction for the right to prospect, explore and develop hydrocarbons at the Otdelny licensed section in the Khanty-Mansiisk autonomous district, an Interfax correspondent reported from the auction-Interfax.The company bid 767.788 million Russian rubles for the license, from a starting price of 451.64 million rubles.Other bidders included Rosneft, LLC Gazprom Neft-Khantos and LLC Lukoil-West Siberia, which strongly competed with the winning company.The Otdelny section is located in the Surgut municipal district of Khanty-Mansiisk.The section's reserves and resources of oil of the C1 category amount to 2.916 million tonnes, C2 - 1.932 million tonnes, D1 - 8.3 million tonnes and D2 - 0.4 million tonnes.At the section 11 exploration wells have been drilled.According to the license's conditions, which are valid for 25 years, the mineral developer must present a re-estimation of the section's hydrocarbon reserves within 6 years of receiving the license, as well as draft and confirm document on the first stage of development for the field.No later than two years after the confirmation of that document, the field should be equipped and put on stream.

Surgutneftegaz OAO wins hydrocarbon section in Khanty-Mansii autonomous district-Interfax

Monday, 30 Jun 2014 05:04am EDT

Surgutneftegaz OAO:Surgutneftegaz has won tender on hydrocarbon section in Khanty-Mansii autonomous district, an Interfax correspondent reported from the tender-Interfax.Surgutneftegaz won the rights to the Yugansky-10 sections with a bid of 234.288 million Russian rubles.The starting price was 14.643 million rubles.Rosneft, La-Mansh LLC (Surgut), Beimont LLC (Moscow), Bashneft and RN-Uvatneftegaz also bid for the sections.Yugansky-10 is located in the Nefteyugansk district.No exploratory wells have been drilled at the section.The resource at Yugansky-10 totals 13.6 million tonnes of oil in category D1 and 1.2 million tonnes in D2.The licenses to the sections are for 25 years.The winner of Yugansky-10 must conduct 300 kilometers of 2D seismic within two years and complete as least one exploration well in four years.

Oando Plc Announces Nigerian Government approval of $1.65 billion acquisition of ConocoPhillips Nigerian Oil

Wednesday, 18 Jun 2014 10:29am EDT

Oando Plc:Receives consent of Honourable Minister of Petroleum Resources of Nigeria for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips for total cash consideration of $1.65 bln subject to customary adjustments (ConocoPhillips Transaction).Further to receipt of consent of Honourable Minister of Petroleum Resources, OER and ConocoPhillips are now positioned to complete the ConocoPhillips Transaction.


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