Latest Energy in Russia Stories
MOSCOW, April 25, 2013 /PRNewswire/ -- OAO NOVATEK announced today that the Annual General Meeting of Shareholders ("AGM") has approved the election of new members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank; Burckhard Bergmann: Board Member of the Presidium of the German-Russian Chamber of Commerce, Member of the Advisory Board of the Union of German Science Funds;...
MOSCOW, Dec. 12, 2012 /PRNewswire/ -- Rosneft and the consortium of Alfa Group, Access Industries and Renova (AAR) today signed a sale and purchase agreement for the 50% stake in TNK-BP. The transaction price is set on the basis of the valuation of AAR's TNK-BP stake at $28 billion. Completion of the deal is expected in the first half of 2013 after receiving approvals from Russian and EU antimonopoly regulators. Commenting on this agreement, Rosneft President Igor Sechin said: "We...
MOSCOW, Oct. 22, 2012 /PRNewswire/ -- AAR announces that it has signed Heads of Terms (Memorandum of Understanding) to sell its 50% interest in TNK-BP Ltd. to Rosneft for an aggregate price of US$28 billion in cash. BP has provided a waiver of its right to hold good faith negotiations with AAR over a 90-day period as stipulated by the TNK-BP Shareholder Agreement. The transaction is subject to finalization of a share purchase agreement and other customary closing conditions. Chief...
MANCHESTER, N.H., Sept. 4, 2012 /PRNewswire/ -- EagleBurgmann, a Freudenberg Group company, is supplying special seals for most of the pumping stations on the ESPO (East Siberia Pacific Ocean) pipeline. The involvement of EagleBurgmann is an example of Freudenberg's concerted expansion in the oil and gas production field. ESPO (East Siberia Pacific Ocean) is a mammoth pipeline project. The pipeline, with a length of almost 5,000 kilometers, is being built in the East of Russia...
MOSCOW, May 17, 2012 /PRNewswire/ -- Though Itera International Energy Company is known primarily for the energy services it offers throughout Russia and the United States, the company recently made headlines for a slightly different reason. In early April, executives from the energy company sat down with prominent Russian officials to offer ideas to local housing and utilities companies, eager to alleviate their gas debt. Itera International Energy Company's Chairman of the...
KYIV, Ukraine, May 13, 2012 /PRNewswire/ -- Two of the world's largest oil companies, Royal Dutch Shell plc and Chevron Corp, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, respectively, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide Ukraine with up to ten percent of domestically consumed natural gas by 2020. The estimated investment in the fields will amount to at least...
KYIV, Ukraine, April 28, 2012 /PRNewswire/ -- The jack-up rig for oil and gas extraction from the shelf of the Black Sea will enter the territorial waters of Ukraine on May 1st, 2012. This move is part of Ukrainian policy aimed at energy independence through increasing domestic energy production. The two newly acquired jack-up rigs will allow Ukraine to extract additional 250 million cubic meters of gas by the end of 2012, said Minister Boyko. The state-owned company...
KYIV, Ukraine, April 20, 2012 /PRNewswire/ -- Upon Gazprom's request Ukraine increased its daily transit capacity of Russian gas to the EU by 17.3 million cubic meters or about 7 percent, reported the Ukrainian state gas pipelines and gas depots operator - Ukrtransgas. The request is associated with temporary repairs at the Russian North Stream gas pipeline. Experts suggest that this is to confirm the importance of Ukrainian gas transport system (GTS) for Russia. The...
KYIV, Ukraine, March 1, 2012 /PRNewswire/ -- Ukraine demands the European Energy Community investigate the actions of Slovenia in support of the Russian South Stream project. Such was the appeal of the Minister of Energy and Coal Industry of Ukraine Yuriy Boyko to the Director of the Energy Community Secretariat Slavtcho Neykov, according to Ekonomicheskie Izvestia. On February 27, 2012, Slovenia negotiated the parameters of the part of South Stream that would run...
KYIV, Ukraine, February 16, 2012 /PRNewswire/ -- Turkish energy officials along with their Ukrainian colleagues signed a protocol on bilateral cooperation on joint energy projects. The parties agreed to further collaboration on energy exports, gas, and implementation of the Ukrainian National Project of constructing a new terminal for liquefied natural gas on the shore of the Black Sea. The protocol was signed during the official visit of the Turkish delegation, which...
