Gas industry
Russian blue chip stocks fell 0.7% to 3.2% by the end of the trading day, yet the RTS index managed to climb 0.14% to 1627.51, while the MICEX stock index dropped 1.09% to 1454.64. Norilsk Nickel, Mosenergo, and Sberbank stood out for different reasons,
Gas industry
The British government, led by Trade and Industry Secretary Alan Johnson, is preparing to block a takeover bid by Gazprom, the Russian state-controlled energy giant, of Centrica, the parent company of British Gas. Meanwhile, Gazprom's boss, Alexei Miller, has warned against politicising gas supply, hinting that Russia might
Gas industry
Gazprom has announced plans to invest in a gas pipeline from western Russia to China, expanding its presence in Asian energy markets. The move comes after a meeting between Gazprom's CEO, Alexei Miller, and Chinese oil and gas companies in Moscow. The western route is a priority project,
Gas industry
Russia is expected to wrap up all bilateral negotiations on accession to the World Trade Organization (WTO) within two months, despite ongoing talks with several countries, including the United States, Colombia, and Australia. Maxim Medvedev, head of the Russian delegation, expressed optimism about the process, stating that the Americans had
Gas industry
The Kremlin has regained command of the Russian oil and gas industry, reversing privatizations from the last decade and silencing oligarchs. This marks a new era of resource nationalism, with the state potentially controlling up to 60% of Russia's crude production by the end of 2006. President Putin&
Petroleum industry
Alinta Ltd, a leading West Australian gas supplier, has made a merger proposal to the Australian Gas Light Company Ltd (AGL) after acquiring a 10% stake in the energy business. The merger proposal, which would see Alinta acquire the remaining 90% of AGL, is seen as a significant development in
Petroleum industry
Oman's economy, largely reliant on oil exports, showed a slight decline in total crude oil exports and production in 2005. According to the National Economy Ministry's statistical bulletin, the total production of crude oil and condensates decreased by 1.0% to 282.615.5 million barrels
Gas industry
State-owned oil and gas explorer Gazprom, Russia's largest energy company, is reportedly considering a bid worth more than £11 billion for Centrica, the British Gas owner. This move has sent shockwaves through London's financial markets, with Centrica's shares surging by £1 billion to £10.
Gas industry
President Vladimir Putin has laid out the roadmap for Russia's oil and gas industry, with a focus on state control and international expansion. State-owned Rosneft is set to follow Gazprom in becoming an international major, with private oil companies to be developed "in accordance with market conditions.
Gas industry
Fears about Russia's reliability as a supplier of natural gas to Western Europe have been heightened by a series of pipeline attacks in the Caucasus Mountains, which have paralyzed Georgia and sent a ominous message to European leaders. The bombing of two natural gas pipelines on Sunday by
Gas industry
Weeks before taking its turn as president of the Group of 8 industrialized nations, Russia faced a potential embarrassment when explosions tore through two of its natural gas pipelines in the Caucasus Mountains, continuing a trend of sabotage of critical energy infrastructure. The bombings sent a massive fireball into the
Gas industry
Auction for the major oil acreages in the northern Timan-Pechora oil province, Trebs and Titov, might be cancelled for the second year in a row, according to Lukoil's Vice President Leonid Fedun. The reason behind this decision lies in the heavy debt obligations of state-owned companies Gazprom and
