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Nizhnekamsk TPP-2, which joined Tatneft Group of Companies in 2010, will provide in full volume heat power for the first stage of TANEKO Refinery and Petrochemical Plants Complex scheduled for commissioning on October 10, 2010. With the launch of TANEKO Refinery and Petrochemical Plants Complex the significance of Nizhnekamsk TPP will increase many times. Currently, mounting of steam system lines is in the process at the thermal power plant with hydraulic tests planned for September. The steam line is being installed at present. Later steam pipelines will be laid through the technological overpass 2.6 km long to connect subsequent stages of the complex. Calculations show that the existing equipment of Nizhnekamsk thermal power plant could yield a good profit without significant renovation and modernization, but subject to full loading of all its facilities. Turbines of the station are designed for cogeneration of heat and power. Supply of steam to TANECO complex will cause
by: abarrelfullabarrelfull
26 Aug 2010 05:56
1  
Nabors Industries Ltd. (Nabors) (NYSE: NBR) and Superior Well Services, Inc. (Superior Well Services) (Nasdaq: SWSI) today announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services. The agreement contemplates that Nabors will commence a tender offer for all outstanding shares of Superior Well Services common stock at a price of $22.12 per share in cash in accordance with the merger agreement. The transaction is valued at approximately $900 million. Gene Isenberg, Nabors' Chairman and CEO, commented: "For some time now, we have evaluated integrating more service offerings into our business, particularly internationally. Although we expect this acquisition by itself to be significantly accretive to 2011 results, our major motivator was the opportunity to leverage this well respected franchise into a global force utilizing our extensive international footprint and resources. "In addition to the upside associated with e
by: abarrelfullabarrelfull
16 Aug 2010 07:25
1  
Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of certain Mid-Continent and Illinois basin assets to an affiliate of Citation Oil & Gas. Proceeds from the transaction were $552 million and included final closing adjustments from the effective date of April 1. Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company operates primarily in the Rocky Mountains, Mid-Continent, and deepwater Gulf of Mexico areas in the United States, with significant international operations offshore Israel and West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Visit Noble Energy online at www.nobleenergyinc.com.
by: abarrelfullabarrelfull
13 Aug 2010 11:59
1  
Nabors Industries Ltd. (Nabors) (NYSE: NBR) and Superior Well Services, Inc. (Superior Well Services) (Nasdaq: SWSI) today announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services. The agreement contemplates that Nabors will commence a tender offer for all outstanding shares of Superior Well Services common stock at a price of $22.12 per share in cash in accordance with the merger agreement. The transaction is valued at approximately $900 million. Gene Isenberg, Nabors' Chairman and CEO, commented: "For some time now, we have evaluated integrating more service offerings into our business, particularly internationally. Although we expect this acquisition by itself to be significantly accretive to 2011 results, our major motivator was the opportunity to leverage this well respected franchise into a global force utilizing our extensive international footprint and resources. "In addition to the upside associated with e
by: abarrelfullabarrelfull
10 Aug 2010 07:27
1  
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) and Ecopetrol S.A. have agreed to acquire BP Exploration Company (Colombia) Limited. Talisman will complete its transaction through an indirect wholly owned subsidiary. Talisman and Ecopetrol have reached an agreement to acquire all of the outstanding shares of BP Exploration Company (Colombia) Limited (BPXC), an indirect wholly owned subsidiary of BP plc, for total cash consideration of US$1.9 billion, which includes a working capital adjustment, estimated at approximately US$145 million. Under the terms of the transaction, Talisman will acquire a 49% interest in BPXC for US$858 million (excluding its share of working capital), while Ecopetrol will take the remaining 51% interest. The transaction is expected to close by the end of 2010, subject to Colombian and US regulatory approval and other customary conditions. "This is an exciting opportunity and an excellent fit with Talisman's strategy of long-term profitable growth," said John A
by: abarrelfullabarrelfull
06 Aug 2010 07:49
1  
Hess Corporation (NYSE: HES) and American Oil & Gas Inc. (NYSE-AMEX: AEZ) jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the Boards of Directors of both companies in an all-stock transaction. The acquisition will increase Hess' strategic acreage position in the Bakken oil play in North Dakota by approximately 85,000 net acres. Under terms of the agreement, Hess has agreed to issue 0.1373 shares of its common stock in exchange for each outstanding share of American Oil & Gas' common stock. This represents a 9.4 percent premium to American Oil & Gas stockholders based on the closing stock prices of Hess' and American Oil & Gas' shares on July 27, 2010. It is expected that Hess would issue approximately 8.6 million shares for all outstanding American Oil & Gas shares and options on a net settlement basis. The merger agreement provides for a possible cash dividend to American Oil & Gas' stockholders to the extent of
by: abarrelfullabarrelfull
30 Jul 2010 13:55
1  
BP announced today that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP’s Permian Basin assets in Texas and south-east New Mexico, US; its Western Canadian upstream gas assets; and the Western Desert business concessions and East Badr El-din exploration concession in Egypt. The decision to make these divestments follows the announcement made by BP last month that it was increasing its target for divestments to $10 billion. The proceeds of the sales will be used by BP to increase the cash available to the group. BP Chairman, Carl-Henric Svanberg, said: “Over the last two months the Board has considered BP’s options for generating the cash necessary to meet the obligations likely to arise from the Gulf of Mexico oil spill. BP has an extremely strong asset base which is diversified geographically as well as by asset class. The Board believes that th
by: abarrelfullabarrelfull
21 Jul 2010 10:23
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Nord Stream completes Phase I financing
by: abarrelfullabarrelfull
17 Mar 2010 07:46
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by: abarrelfullabarrelfull
12 Mar 2010 12:31
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Shell: Discussions underway to acquire Arrow Energy Limited
by: abarrelfullabarrelfull
09 Mar 2010 10:13
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ConocoPhillips Announces 2009 Reserve Replacement of 141 Percent
by: abarrelfullabarrelfull
02 Mar 2010 06:47
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by: abarrelfullabarrelfull
13 Jan 2010 06:26
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McMoRan Exploration Co. Announces Major Discovery at Davy Jones Ultra-Deep Well In Shallow Water on the Shelf of the Gulf of Mexico
by: abarrelfullabarrelfull
12 Jan 2010 08:01
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Talisman Energy Budgets $5.2 Billion in Capital Spending for 2010 Major Increase in North American Shale Drilling
by: abarrelfullabarrelfull
11 Jan 2010 12:58
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IPIC increased shareholding in OMV to 20.0%
by: abarrelfullabarrelfull
11 Jan 2010 07:40
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Montreal East Refinery to Convert to a Terminal
by: abarrelfullabarrelfull
08 Jan 2010 06:45
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Chevron and Nippon Oil Corporation Sign Gorgon Natural Gas Agreement
by: abarrelfullabarrelfull
07 Jan 2010 08:37
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Patterson-UTI Reports Drilling Activity for December 2009
by: abarrelfullabarrelfull
06 Jan 2010 06:47
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TNK-BP to increase Production in 2010
by: abarrelfullabarrelfull
05 Jan 2010 07:23
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Petrofac Appointed by Turkmengas on South Yoloten Gas Field Development
by: abarrelfullabarrelfull
31 Dec 2009 07:44
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