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2015-01-03 21:30:00

SOUTH STREAM: GAZPROM PURCHASES

SOUTH STREAM: GAZPROM PURCHASES

Gazprom has announced that it has agreed to purchase the interest of its partners in the company set up to facilitate the offshore section of the now cancelled South Stream pipeline project.

The Russian gas giant has entered into an agreement with Italy's Eni SpA , the Wintershall Holding GmbH unit of BASF SE and French utility EDF, on the purchase of the 50% of shares in South Stream Transport BV. not already held by Gazprom.

South Stream Transport B.V. was the joint venture established to undertake the planning and construction and to operate the section of the South Stream pipeline that was run across the Black Sea. Prior to the transaction Eni held a 20% stake, EDF held 15% and Wintershall also held 15%.

The parties agreed not to disclose the financial details of the transaction, but it is believed that purchase price reimburses the cash invested by vendors.

naturalgaseurope.com

Tags: SOUTH, STREAM, GAZPROM

Chronicle:

SOUTH STREAM: GAZPROM PURCHASES
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

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.

SOUTH STREAM: GAZPROM PURCHASES
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

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.

SOUTH STREAM: GAZPROM PURCHASES
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

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.

SOUTH STREAM: GAZPROM PURCHASES
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

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.

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