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June 2015

June 2015
2015, June, 21, 17:00:00
ROSNEFT BUYS TOTAL
Total S.A. and Rosneft signed at the St. Petersburg International Economic Forum an agreement, confirming the execution of a sale and purchase agreement with regard to the 16.67% share in PCK Raffinerie GmbH. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Chief Executive Officer of Total Patrick Pouyanné.
June 2015
2015, June, 21, 16:55:00
ROSNEFT & GE LNG
Itera, a 100% Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at the St. Petersburg International Economic Forum.
June 2015
2015, June, 17, 19:00:00
US ARCTIC POLICIES
US Arctic oil and gas policies should recognize the industry’s extensive global Far North experience and technology, American Petroleum Institute officials said. “If we don’t use this knowledge, other Arctic nations will move to the forefront of energy development there,” API Upstream Operations Director Erik Milito told reporters at a June 12 briefing.
June 2015
2015, June, 17, 18:55:00
EU GAS STRATEGY
In Budapest, Mr. Šefčovič reported that, in the wake of the cancellation of South Stream last December, all parties in Europe have been paying attention to statements from Russia, as a gas supplier, and Europe's stance on infrastructure has been altered.
June 2015
2015, June, 17, 18:50:00
$200 BLN STOP
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said.
June 2015
2015, June, 17, 18:45:00
150,000 JOB CUTS
Large cuts in the energy industry have made news for the first two quarters of 2015. Halliburton cut 9,000 jobs in six months and reported a loss of $643 million in Q1 of 2015. Schlumberger reported even deeper cuts that tallied around 11,000 in efforts to reduce personnel employment 15 percent when compared to the third quarter of 2014.
June 2015
2015, June, 17, 18:45:00
BP & ROSNEFT: $700 MLN
BP could be close to a $700 million deal with Russia’s Rosneft for a 20% stake in a Siberian oilfield, the company led by Igor Sechin further showed how national companies can cope with sanctions, maintaining ties with Western companies and progressively switching to Asian markets.
June 2015
2015, June, 17, 18:40:00
STATOIL CUTS 2,000
Norwegian oil and gas company Statoil says it will lay off up to 1,500 staff and 500 consultants by the end of to slash costs.
June 2015
2015, June, 15, 19:00:00
RUSSIAN INVESTMENT SHOW
"Uncertainty is the rule of the game in this industry," the head of France's Total Patrick Pouyanne said this month. "We are in the long-term business. This is why at Total we are keen to maintain our commitment to Russia."
June 2015
2015, June, 15, 18:55:00
RUSSIA'S GAS ADVANTAGE
“Now we are facing a stagnant demand both for oil and gas globally. These two commodities are providing 70% of Russian export and 50% of Russian federal budget revenues, so you can imagine how painful that is.”