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2014-03-15 16:30:00

WINTERSHALL & RUSSIA: NO SANCTIONS

WINTERSHALL & RUSSIA: NO SANCTIONS

NGE. Rainer Steele, Chairman of the Board of Executive Directors of Wintershall, believes that economic sanctions from the EU against Russia will not remedy the situation in Ukraine and would not help anybody.

At Wintershall's 2014 press conference in Kassel, Germany, Steele stressed that there is no alternative to dialogue, and suggested that all parties involved sit a the negotiating table and not rule out partnerships.

Wintershall and Russia's Gazprom are partners on multiple projects including the Nord Stream and South Stream natural gas pipelines.

Also announced were plans to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of Wintershall's strategy to concentrate on the upstream sector.

Wintershall reached an agreement that will see EWE Aktiengesellschaft take over Wintershall's 15.79 percent share in VNG, pending approval from competition authorities. The transaction is subject to board approvals from both companies and also requires the approval of the VNG annual general meeting. Purchase price was not disclosed.

Tags: WINTERSHALL, RUSSIA, GAS

Chronicle:

WINTERSHALL RUSSIA: NO SANCTIONS
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

WINTERSHALL RUSSIA: NO SANCTIONS
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.

WINTERSHALL RUSSIA: NO SANCTIONS
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

WINTERSHALL RUSSIA: NO SANCTIONS
2018, October, 22, 11:40:00

SCHLUMBERGER NET INCOME $644 MLN

Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion

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