BG Group, Russia

Gazprom plans to exchange assets with Shell by the end of 2016

​By the end of the year Gazprom might gain control over some of the assets which Shell purchased previously in 2016 after the amalgamation with BG, the deputy chairman of Gazprom, A. Medvedev, said.
Some assets of BG might be included in the deal on the exchange of assets between Gazprom and Shell. The former assets of BG (now the assets of Shell) are a possible variant in the exchange of assets with us. We have obtained everything they have and now we study. We are interested in the vertically integrated scheme with all level of cost forming, Medvedev said.
It absolutely clear that the deals will be completed by the end of the year, maybe earlier. In 2015 both companies signed a cooperation agreement which presupposes the development of strategic partnership in all segments of the gas sector.
The net profit of Shell fell in Q1 by 89% to $484 mln. The main reasons of the fall are the oil price fall and expenditure for the amalgamation with another energy company – BG Group. Shell also announced of investment cutting by 10% in 2016 – from $33 bln to $30 bln.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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Rosneft and Lukoil aim for shelf sites in Norway

Rosneft and Lukoil have applied for the right to use the subsoil at the continental shelf of Norwayin the framework of the 22nd license round held by the Government of the country.

The affiliate of Rosneft - RN Nordic Oil AS – and Lukoil are among the candidates for the right to use the subsoil at the Norway continental shelf in the framework of the 22nd round. Read more »

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