The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Oil & Gas Company News Directory
Bloomberg reported that Glencore Xstrata (LSE:GLEN) has purchased Caracal Energy Inc. (LSE:CRCL) for roughly $1.35 billion. Glencore hopes to gain oil and gas assets in central Africa, as Caracal is focused in Chad.
The Globe and Mail reported that Kitimat B.C. residents have voted against the Enbridge (TSX:ENB) Northern Gateway pipeline in a non-binding plebiscite. The municipality has stayed neutral up until this point, opting not to take part in a joint review of the project, according to the Globe.
Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both Vancouver and Jakarta.
BRS Resources Ltd. (TSXV:BRS) is an international oil and gas exploration and production company focused on establishing a European presence in the upstream oil and gas business, primarily natural gas production in Italy. Investment Highlights: 800,000+ acres 40+ prospective wells World class partners Europe’s second largest onshore gas province Favorable commodity pricing
CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced commercialization plans for the Kutai West Production Sharing Contract development in Indonesia.
CBM Asia Development Corp. (TSX:TCF, US:CBMDF, FRANKFURT:IY2) announced that at the annual and special meeting of shareholders held on Friday, March 28th, 2014, shareholders approved: The appointment of Charles W. Bloomquist, Adam Q.H. Clarke, James F. Friberg, Clint B. Sharples and Scott H. Stevens as directors. The appointment of BDO Canada LLP, Chartered Accountants, as auditor. The ratification and approval of the Stock Option Plan.
Business in Vancouver reported last week that Steelhead LNG Corp. will propose a new liquefied natural gas export facility for the B.C. Coast. Nigel Kuzemko, CEO of Steelhead, commented: We are looking at more than one site. We’re looking at both floating LNG facilities, as well as a land-based facility. We understand the markets; between [...]
Deep Down, Inc. (OTCQX: DPDW) reported financial results for the full fiscal year 2013.
InterOil Corporation (NYSE:IOC) and Total SA (Paris:FP,NYSE:TOT) closed a revised sales and purchase agreement for the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea.