TO CHANCEL SOUTH STREAM
The European Parliament urged European authorities to 'stand up to' Russia, adopting a resolution to stop President Vladimir Putin's energy plans in the continent.
'MEPs call on the EU to regulate third-party businesses in the areas of gas storage, interconnectors and flow-back facilities, and urge the EU countries to cancel planned energy sector agreements with Russia, including the South Stream gas pipeline,' reads a note released by the Parliament on Thursday.
Asking for a political, not a military, solution to the stand-off over Ukraine, MEPs welcomed signs hinting at a stabilisation of the situation in the conflict areas.
'MEPs welcome the newly-passed Ukrainian laws on a special status for the contested districts of Donetsk and Luhansk and the amnesty approved by the Ukrainian Parliament on 16 September as an important contribution to de-escalation.'
On Wednesday, according to Gazprom, Serbia said it will kickstart construction works of the local leg of the South Stream in October despite opposition from Brussels and political confusion over the project in Bulgaria.
|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.