Latest news
TNK-BP to be involved in $31 bln long-term gas deals
The shareholders of two generating companies controlled by billionaire Viktor Vekselberg's Integrated Energy Systems Holding (IES) - Volga TGK and TGK-9 are envisaging signing contracts in December with TNK-BP's SL Trading for gas supplies worth up to $31 billion in the period to 2030, according to statements from the power companies.
read more... 13/11/2012
BP in talks with Rosneft over a £ 17 billion deal
British oil company BP confirmed that it is in advanced talks about selling its stake in TNK-BP to Rosneft, Russia’s state-controlled oil company. The deal has yet to be approved, even if BP confirmed that it was in “advanced discussions” with Rosneft concerning the sale of its 50 % stake in TNK-BP.
read more... 22/10/2012
EDF to boost its stake in Edison
The French electricity company EDF has inked a deal with Italian shareholders that will give it majority control in Edison, Italy’s second-biggest power supplier. Edison, which has a market value of about 4 billion euros (5.2 billion U.S. dollars), is now controlled by EDF and a group of Italian investors led by regional utility A2A, which hold their stakes through holding company Delmi. EDF unveiled in a statement that the preliminary agreement included the acquisition of Edison by EDF and the acquisition of Edipower by A2A.
read more... 30/12/2011
Bulgaria withdrew Lukoil’s refinery license
On Wednesday, the Bulgarian customs officials has withdrawn the license of the country’s biggest oil refinery, called Neftochim, which is controlled by Russia’s giant, Lukoil.
read more... 28/07/2011
Daily Energy Market Overview, Friday, January 28, 2011
The Statoil announced that it will reduce production capacity on the Troll oil giant starting Thursday because of repairs that will last almost one week, while the North Sea crude oil reached its highest level over U.S. oil for two years.
read more... 28/01/2011