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11.02.2014 Hungarian president approves nuclear plant expansion

The president of Hungary on Monday, February 10, signed a law allowing for the expansion of the Paks nuclear power plant, MTI news agency reported, citing a statement by President Janos Ader.

11.02.2014 Russia’s Novatek proved reserves grow in 2013

Novatek on February 10 announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2013.

11.02.2014 Gazprom Neft, Schlumberger to expand cooperation to develop shale oil reserves

Gazprom Neft and Schlumberger have signed a supplement to their Framework Agreement on Technology Cooperation, which was made in 2011, Gazprom Neft’s press service said on February 10.

10.02.2014 Russia’s Surgutneftegaz increases oil production at Bazhenov by 60% in 2013

Surgutneftegaz in 2013 increased oil production at the Bazhenov formation by more than 60% to 548,000 tons, Surgutneftegaz’s chief geologist Vyacheslav Chirkov has told a meeting at the natural resources ministry.

10.02.2014 Russia may launch South Stream pipeline by end-2015

Russia may launch the first line of the South Stream gas pipeline at the end of 2015, the country’s ambassador to the E.U. Vladimir Chizhov said, RIA Novosti reported on February 10.

10.02.2014 Russia's Bashneft to buy oil from Shell

Russia's Bashneft said on February 7 its board had approved a deal to buy oil from Shell worth up to $1.4 billion before February 2016, Reuters has reported.

10.02.2014 Russia’s Rosneft offers stake in 10 offshore blocks to Indian ONGC Videsh

Russian state oil major Rosneft has offered ONGC Videsh Ltd (OVL) a stake in nine offshore oil and gas blocks in Barents Sea and one in Black Sea, Economic Times reported on February 7.

10.02.2014 Two shipyards to build Arctic vessels for Russia’s Rosneft

Russian authorities greenlighted plans by oil giant Rosneft to begin production of Arctic seagoing vessels at two separate facilities, a senior official said on February 8, RIA Novosti has reported.

10.02.2014 Russia’s Rosneft offers shares in Eastern Petrochemical for Tianjin refinery shares

Russian oil company Rosneft has offered a stake in Eastern Petrochemical Company to China in exchange for its participation in the Tianjin oil refinery, Rosneft CEO Igor Sechin told reporters on February 7, Prime has reported.

10.02.2014 Russia’s Rosneft to keep dividend yield at 8.5%

Russian oil major Rosneft will keep its dividend yield at 8.5%, CEO Igor Sechin told Prime on February 7.