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2014-07-16 18:55:00

ROSNEFT UP

ROSNEFT UP

OAO Rosneft reported that the Brazilian government has approved a transaction that would give Rosneft an additional 6% in a joint venture in the Solimoes basin for $96 million. The transaction would give Rosneft 51% interest and operatorship in the JV.

Completion of the purchase from Brazilian independent HRT O&G is expected within 30 days of the July 9 approval by Brazil's National Petroleum Agency (ANP).

The JV covers concession contracts BT-SOL-4 and BT-SOL-4A. HRT O&G will hold 49% interest (OGJ Online, Mar. 19, 2013).

Separately, Rosneft, HRT, and Petroleo Brasileiro SA (Petrobras) signed a memorandum of understanding to study "development schemes" for joint monetization of gas in the Solimoes basin.

ogj.com

Tags: ROSNEFT, BRAZIL,

Chronicle:

ROSNEFT UP
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DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

ROSNEFT UP
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

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ROSNEFT UP
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

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ROSNEFT UP
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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