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Exploration & Production

Total makes major discovery in the Caspian Sea

Total’s discovery in the Caspian is a consequence of increased drilling activity and will impact Azerbaijan’s future export strategy. However, future problems such as an inability to sign an agree

9 September 2011
Companies & Finance

Bashneft closes on financing

Russian hydrocarbon explorer Bashneft has reached financial close on a $300 million pre-export financing with a syndicate of four lenders including BNP Paribas, Deutsche Bank, ING and Goldman Sachs.

9 September 2011
Companies & Finance

Gazprom to request FAS approval for merger with Renova power assets in next two weeks

Gazprom plans in the next two weeks to seek permission from Russia's Federal Antimonopoly Service (FAS) to merge its power-generation assets with those of Viktor Vekselberg's Renova group.

9 September 2011
Supply & Demand

Economic Development ministry ups 2011 Russian gas-production forecast by 7 bcm

Russia's Economic Development Ministry has increased its forecast for gas production in 2011 by 7 billion cubic metres to 671 bcm, according to a ministry note attached to the 2012-2014 socioeconomic development forecast submitted to the Russian government.

9 September 2011
LNG

Challenges postpone Shtokman start date

Russian Prime Minister Vladimir Putin has predicted gas will start flowing from Shtokman by the end of 2016, but with so many challenges yet to overcome, this is somewhat optimistic.

9 September 2011
Exploration & Production

Kazakhstan increases oil and gas production January to August

Kazakhstan raised production of oil and gas condensate 0.5% year-on-year from January to August to 53.1 million tons, a government official told Interfax today.

8 September 2011
Companies & Finance

Russian authorities agree on how to collect state share, royalties in Sakhalin-2

Russian government ministries and agencies have reached an agreement on the mechanisms for collecting royalties and the state's share of oil and gas under the production sharing agreement for the Sakhalin-2 oil and gas project, Energy Minister Sergei Shmatko told reporters in Moscow on Thursday.

8 September 2011
LNG

Integrated power model takes hold in Russia

Vertical integration plays in Russia’s energy sector provide a healthy line in business for M&A advisers. Hamid Gayibov, managing director at Xenon Capital Partners, spoke to James Gavin and explained the boutique approach to energy sector corporate finance.

8 September 2011
Pipelines, Storage & Power

ITGI leads the Shah Deniz race, but Nabucco still has potential

Contenders are lining up to carry gas from Azerbaijan’s Shah Deniz Phase II gas fields. With submissions due by 1 October, the Italy-Turkey-Greece Interconnector is rumoured to be the clear favourit

8 September 2011
Exploration & Production

BP to start drilling at Shafag-Asiman block in second half of 2016

BP-Azerbaijan will begin drilling exploration wells at the Shafag-Asiman structure in Azerbaijan’s Caspian Sea in the second half of 2016, Arzu Dzhavadov, head of BP-Azerbaijan’s geological prospecting group said on Thursday.

8 September 2011
Pipelines, Storage & Power

Beyneu–Chimkent gas pipeline to gasify Southern Kazakhstan

With construction having begun on the Beynue-Bozoy-Kyzylorda-Chimkent gas pipeline, Interfax investigates the impact it will have on Southern Kazakhstan.

7 September 2011
Policy & Regulation

Gas netback pricing differs for Belarus and Russia

The principles for netback pricing are different for Russia and Belarus, Gazprom’s Deputy Chief Valery Golubev told Interfax in Perm this week.

7 September 2011
LNG

Supertanker carrying Novatek gas condensate sets new record

A 280 m supertanker Vladimir Tikhonov, owned by shipping company Sovcomflot (SCF Group), set a record on 30 August on Russia’s Northern Sea Route (NSR).

7 September 2011
Exploration & Production

Rosneft, ExxonMobil agreement requires no FAS approval

The strategic agreement between Rosneft and ExxonMobil does not require the approval of Russia's Federal Antimonopoly Service (FAS), Deputy FAS chief Andrei Tsyganov told Interfax on Wednesday.

7 September 2011
Pipelines, Storage & Power

Gazprom starts pumping gas into Nord Stream

Gazprom has started pumping gas into the first phase of the Nord Stream gas pipeline. On Tuesday, Russian Prime Minister Vladimir Putin clicked the mouse that opened the valve to let the gas in at the Portovaya compressor station's dispatch centre, an Interfax correspondent reported from the station.

6 September 2011
Pipelines, Storage & Power

EDF, BASF to each get 15% of South Stream

French utility EDF and chemical company BASF will each obtain a 15% stake in the 63 billion cubic metre per year South Stream pipeline project, Gazprom chief Alexei Miller told the press in Moscow on Tuesday.

6 September 2011
Exploration & Production

Real test for ExxonMobil, Rosneft strategic alliance yet to come

Analysts have argued that 2015, when drilling for first Arctic well takes place, will be crucial year in assessing strategic alliance between Exxon and Rosneft.

6 September 2011
Companies & Finance

Terms set for Gazprom’s purchase of remaining 50% of Beltransgaz

The key terms for Gazprom to purchase the remaining 50% of Beltransgaz have been co-ordinated, a representative of the Belarusian state property committee told Interfax today Gazprom already owns a 50% stake in Beltransgaz, which it bought up in equal portions during 2007 and 2010.

6 September 2011
Pipelines, Storage & Power

KazTransGas Aimak to build $27 mln gas pipeline in Zhambyl

KazTransGas Aimak, a subsidiary of Kazakhstan's gas-transport operator KazTransGas, plans to complete a $27 million underwater Kordai-Shu pipeline in the Zhambyl Region by 2013.

5 September 2011
Policy & Regulation

BP to challenge Russian court ruling

As BP today reopened its Moscow office, the UK supermajor is seeking to challenge the law suit against it, which led to a raid on its Moscow office last week.

5 September 2011

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