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2016-08-31 18:30:00

LETTERONE IS LOOKING

LETTERONE IS LOOKING

REUTERS wrote, LetterOne, Russian billionaire Mikhail Fridman's investment vehicle, is looking at acquisitions in renewable energy and oil assets in the North Sea outside of Britain, its executive chairman John Browne told Reuters.

"We have been looking at it (renewable energy) and we would like to do it. We are figuring out exactly how to. We haven't decided the scale," Browne said in an interview on the margins of an oil conference in Stavanger, Norway.

He said options could include wind power, solar power, biomass and energy storage.

On oil, LetterOne was on the look-out for oil assets in the North Sea to add to its gas-heavy portfolio, Browne said, adding that L1 was not currently looking at oil assets in Britain.

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Earlier: 

THE NEW RUSSIAN EMPIRE - 10 

BP & RUSSIA: $10 BLN 

RWE & RUSSIA: $5.6 BLN

KCA DEUTAG LOSS $47.2 MLN

 

 

 

Tags: LETTERONE, FRIDMAN, RUSSIA, OIL

Chronicle:

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U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

LETTERONE IS LOOKING
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

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PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

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2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

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