Latest news
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012
Centrica to buy Norway gas fields for 1.6 billion dollars
Centrica Plc agreed to purchase from Statoil ASA Norway’s largest oil and Natural Gas Company assets in Norway gas fields for 1.6 billion dollars. The act of transaction implies sale of Statoil stakes in the Kvitebjorn, Heimdal, Valemon, Skrine-Byggve, Fulla, Frigg-Gamma- Delta, Vale and Rind fields.
read more... 21/11/2011
BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011
SSE acquires gas assets from Hess
Scottish and Southern Energy (SSE) agreed to perform an acquisition of natural gas production assets in the North Sea from Hess Corporation’s European unit. The cost of the transaction is £278 million and will include 18% stakes hold by Hess Corporation in a gas pipeline operated by BP.
read more... 03/02/2011
PGE, Polish utility, signs a contract with Energa for $2.5 billion
PGE, Poland’s major utility, controlling over 40% of the electricity market, signed a transaction for 2.5 billion dollars, to acquire from the government 84% stake in Energa.
read more... 17/09/2010