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2014-04-04 18:31:00

ROSNEFT BOUGHT 100%

ROSNEFT BOUGHT 100%

YOGN. Rosneft completed acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group.

Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment of Rosneft's fleet of drilling units and implementation of the policy of the group for internal service share increase. Acquisition of Orenburg Drilling Company will provide most important regions of the Company's activities with drilling operations subject to maximum pricing efficiency.

"The Orenburg Drilling Company fleet of drilling units is one of the most modern in terms of technology and average age of the drilling units. As a result of the transaction, Rosneft's internal service share will increase enough to considerably improve efficiency of drilling projects implementation at the Company's greenfields and brownfields, in particular by means of cost control at each stage of wells construction. Rosneft plans not only to concentrate on domestic drilling needs, but to carry on rendering services to third-party customers, contributing to oil production efficiency improvement," First Vice President of Rosneft Eric Liron commented on the transaction.

Tags: ROSNEFT, DRILLING

Chronicle:

ROSNEFT BOUGHT 100%
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

ROSNEFT BOUGHT 100%
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

ROSNEFT BOUGHT 100%
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

ROSNEFT BOUGHT 100%
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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