Free Samples
17.07
In anticipation of growth in RAB tariffs
The details of a merger between FGC UES and MRSK Holding have become known. Russian Energy Minister Alexander Novak cited the transition to a single share in the holding company’s capital as one of the possible options. If this option is exercised, between USD 700 bn and USD 3 bn could be spent on the buyout of minority shareholdings. The ministry has until October to thrash out various options to merge the two companies. Readmore
Utilities, by Konstantin Marchenko
14.03
Transneft: struggling to see clear potential due to IPO uncertainty
Oil and Gas, by Grigory Birg
Latest
13.12
Lukoil won’t try luck in Colombia
It became known today that Lukoil Overseas has sold its 70% stake in the Condor block, located in Colombia. The remaining 30% is held by Ecopetrol, the largest Colombian state oil & gas company. In 2007, the company uncovered large oil fields at the Medina structure of the Condor block, with possible oil reserves of more than 100 million bbl. The company then conducted 2D and 3D seismic surveys and based on their findings, began drilling the Condor-1appraisal well, with the work finished in 2011. To drill a well at the Amarillo structure, Lukoil sought to draw in a co-investor, but failed to do so in 2009-2011. Readmore
Oil and Gas, by Grigory Birg
