A DROP IN THE BUCKET
The European Union and Ukraine have agreed on terms to boost the flow of natural gas from the 28-nation bloc to the former Soviet state, Slovak pipeline operator Eustream said late Saturday.
"Representatives of Eustream and [Ukrainian pipeline operator] Ukrtransgaz will sign the document on Monday," Eustream said in a statement.
The two sides agreed that the fastest and least legally cumbersome way to provide Ukraine with a third EU-based gas delivery route--it already has gas-flow agreements with Hungary and Poland--is to use the pipeline between Vojany and Uzhgorod, an underutilized secondary pipe on Slovakia's eastern border.
The deal would mark Ukraine's third significant energy agreement with the West since a pro-European caretaker government came to power earlier following massive protests in Kiev.
To reduce dependence on Russia, its major trade partner, Ukraine earlier this month extended a nuclear-fuel supply contract with Pennsylvania-based Westinghouse Electric Co. until 2020 and renewed a gas-supply contract with German utility RWE AG.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.