Recent Blog Posts
TNK-BP to Invest up to $1 bln as Kremlin gets Tough on Gas Flaring
on Jul 26, 2007 in Economics Gazprom Oil and Gas Russia TNK-BP Technology TNK-BP will press on with their gas utilisation program which runs until 2010, Reuters reported yesterday. Speaking to Reuters, TNK-BP executive vice president for production, Sergei Brezitski, said “We have a programme of over $500 million appro...
TNK-BP Plan to Hand Gazprom Assets in Return for Piece Of Baltic LNG Project
on Jul 29, 2007 in Baltic Gazprom Kovykta LNG Offshore Oil and Gas TNK-BP Within a week of BP announcing it was seeking more joint ventures in Russia in order to deliver long term growth, the Moscow Times has reported that the British energy giant’s Russian vehicle, TNK-BP, is hoping to gain access to Gazprom’s assets...
Besieged RussNeft to be Bought by Basic Element
on Jul 29, 2007 in Oil and Gas Politics Yukos mergers and aquisitions Russneft, whose owner, Mikhail Gutseriyev, was charged with tax evasion and illegal business practices for acquiring Yukos assets before the company was declared bankrupt, will be bought by the Russian billionaire Oleg Deripaska’s Basic Element inv...
Shtokman Watch: Medvedev Admits More Partners ‘Makes Sense for Gazprom’
on Jul 30, 2007 in Barents ConocoPhillips Exports Field Development and Surverys Gazprom International LNG Norsk Hydro Norway Offshore Oil and Gas Russia Shtokman Statoil Statoil Hydro Total It’s official: Gazprom will take more partners for it’s liquefied natural gas (LNG) Shtokman project. Regular readers of this blog and our mother site, www.oilandgaseurasia.com, will be aware that our experts have long predicted Gazprom...
Chavez Bails Out Belarus
on Aug 2, 2007 in Belarus EU Economics Gazprom International Oil and Gas Pipelines Politics Russia Venezuela Belarus is set to settle its gas debt to Gazprom today after Belarusian president, Alexander Lukashenko ordered his country to take $460 million dollars from the countries reserves to pay the debt. However, in an interesting twist, it seems that Bela...