Russian Billionaire plans to Invest 1$ Billion in Norway Oil and Gas after a UK Snub LetterOne, the investment vehicle led by Russian billionaire Mikhail Fridman, is in talks to buy stakes in Norwegian North Sea oil and gas assets owned by Eon, according to reports. The $1bn deal comes just months after LetterOne was…
Shell’s Arctic Exploration Halt could harm Alaskan Economy Royal Dutch Shell Plc’s decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state’s already struggling economy, Moody’s said in a note released on Oct. 5. Although the exploration and drilling would have…
Ukraine To Resume Gas Purchases From Russia This Fall On September 25, Russia, Ukraine and the European Commission (EC), which has been acting as a mediator in the energy talks between Moscow and Kyiv, agreed on new terms for Russian gas deliveries to Ukraine from October 2015 until March 2016. EC Vice President Maros Sefcovic…
Ex-Energy Minister in Qatar Launch think Tank, Nigeria Take note, this might be a learning curve for the new Nigeria’s petroleum Minister even if it eventually becomes our own president, creating think tank to recreate the oil and gas industry should be primal in this dispensation where past administrations faltered so much. Qatar’s former Minister of Energy…