Rosneft Buys Huge Oil Field in Russian Arctic
In a regulatory disclosure, Rosneft said it had bought Taymyrneftegaz, the company controlled by Rosneft's ex-chief Eduard Khudainatov which owns the huge Payakha oil field, for an undisclosed sum.
Energy A&D Transactions from the Week of Dec. 23, 2020
Here’s a snapshot of recent energy deals including a duo of acquisitions by Diamondback Energy valued at over $3 billion plus the closing of Hilcorp’s $5.6 billion BP Alaska acquisition and a Permian Basin deal by Earthstone Energy.
Energy A&D Transactions from the Week of Dec. 16, 2020
Here’s a snapshot of recent energy deals including SandRidge Energy’s Colorado exit plus the $810 million acquisition of Exelon’s U.S. solar portfolio by Brookfield.
Equinor Buys Stake in Russia Oil Venture for $550 Million
Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, the Norwegian oil company said on Dec. 11.
Russia Restarts Nord Stream 2 Construction Despite US Sanctions
The Nord Stream 2 gas pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West.
Timeline: Nord Stream 2 Gas Pipeline’s Difficult Birth
Discussions about expanding the Nord Stream system began in 2011.
Russia’s Lukoil Swings into Q3 Profit, Boosts Oil Output in Iraq
Lukoil has faced a pandemic fallout as well as a weaker rouble, which has inflated its debt.
Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise
German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.
Sanctions on Russia’s Nord Stream Gas Pipeline Included in Annual US Defense Bill
The $11 billion Nord Stream 2, led by Russia's state energy company Gazprom, would double its existing pipeline capacity to take gas undersea to Europe via Germany.
Russian Energy Minister Made Deputy PM in Cabinet Reshuffle
Novak will continue to oversee energy strategy.