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’Snap news
Breaking pre-market news on Monday,
- Vodafone confirms in talks with Wind Hellas on possible business combination — statement.
- Gazprom posts RUB 1,317bn revenues in first quarter — statement.
Exposure in Gaddafi’s Libya
As the Great Socialist People’s Libyan Arab Jamahiriya comes crashing down, despite regime attempts to butcher demonstrators — here’s a timely reminder on corporate exposure.
Much of it, as you’d expect,
Snap news
Breaking pre-market news on Monday,
- Standard Chartered rights issue take-up 98.5 per cent – statement.
- Gazprom Q2 ’10 income 169.7bn rbls vs poll 163.5bn – report.
- Commerzbank targets 2014 risk weighted assets of €300bn – statement.
No need to worry about Belarus gas
Russia and gas disputes go hand-in-hand.
And the latest dispute of this nature is focused on Belarus.
Russia’s Gazprom claims the country owes it $192m in unpaid gas payments. On Monday, therefore,
Is Gazprom buckling on long-term contracts?
A tip of the hat to Nick Drew over at the Cityunslicker blog for drawing our attention to the following gem of a natural gas market story.
As reported by Reuters late last week:
MOSCOW, Feb 19 (Reuters) – Russia’s Gazprom (GAZP.MM) has agreed to supply some of Europe’s gas at spot market prices in a bid to defend its shrinking market share after three decades of oil-indexed pricing,
Snap news
Breaking pre-market news on Monday,
- Citigroup said to plan sale of $10bn private-equity unit – Bloomberg.
- Ryanair Q3 loss falls to €11m versus €102m year before – statement.
- Gazprom profit falls to 479bn roubles in nine months ended September versus 752bn year before – statement.
Snap news
Breaking pre-market news on Wednesday,
- Natixis parent BCPE will guarantee €35bn of toxic assets as the struggling investment bank – Reuters.
- Gazprom said its oil arm had accumulated a 55 per cent stake in Sibir Energy between April and June 2009,
China and Russia lead oil deals
Oil companies from emerging economies are responsible for more than half the sector’s biggest mergers and acquisitions by value this year, according to a PwC report. Emerging economy buyers, led by Chinese and Russian companies,
Russia vs Ukraine, the costs
Right, it’s the 15th January – the annual Ukraine/Russia gas stand-off should be over by now.
But it’s not.
Not to over-escalate the affair but it’s actually getting quite bad. For Russia in particular.
Gazprom wants oil and pushes for a bite of the TNK-BP apple
Gazprom will complete on its purchase of a majority stake in TNK-BP by the end of 2008, according to Vedomosti, the FT’s associate paper in Russia. The paper cited sources close to Gazprom and TNK-BP and affixed a firm price on $20bn on the deal.
Gazprom is the “financial investor” courting Imperial Energy
Three days after the news emerged, Imperial Energy has fessed up to the fact that the supposed mystery suitor looking to buy 25 per cent of the London-listed Russian oil play is Gazprombank, the financial wing of the Russian state energy company.
Gazprom seen as mystery suitor for Imperial
The financial arm of Russian giant Gazprom is understood to be the mystery bidder that has been looking to buy a 25 per cent stake in Imperial Energy, the UK-listed oil company. Last week, Imperial, which Russian officials have accused of overestimating its reserves,
The Russians are coming…to France?
There’s probably nothing in this, but it sounds intriguing. Shares in French steel specialist Vallourec soared in Paris on Thursday as a tale did the rounds suggesting Gazprom is considering a bid. Such an acquisition would presumably cost the Russians something north of €12bn and we can only guess at the size of the the Gallic row it would spark.
Gazprom held talks over Dow Jones: Times
Gazprom, the Russian state-controlled oil and gas giant, held talks about mounting a rival $5bn-plus offer for Dow Jones, publisher of The Wall Street Journal, to see off the bid from News Corp, reports The Times.
US funds criticise Shell for Iran activities
Royal Dutch Shell has been criticised by a group of US pension funds over its activities in Iran, home to the world’s second-largest gas reserves. In a letter seen by the FT, a group of the largest US public pension funds,
Gazprom ponders bid for NGSS
Gazprom, the state-controlled Russian gas company, could make its second small acquisition in the UK with the purchase of Natural Gas Shipping Services, based in Cheshire. NGSS is the sister company of Pennine Natural Gas,
Gazprom ‘finalising’ UK acquisition
The Russian gas monopoly Gazprom said at the weekend it was about to close a deal that would increase its presence in Britain but did not name the company, reports The Guardian. Alexander Medvedev, Gazprom’s deputy chief executive,
Eni/Enel win Yukos assets auction
Italy’s Eni and Enel won an auction on Wednesday for the second lot of assets belonging to the bankrupt Yukos oil group, including a key 20 per cent stake in Gazpromneft, the oil arm of state-controlled Gazprom,
Russia: a dysfunctional play on high oil prices and commodities
If you’ve are tempted by the high-flying Russian stock market, you’d do well to avoid giving in, writes Vitaliy Katsenelson at the Contrarian Edge blog.
He describes Russia as a “dysfunctional play on high oil prices as well as commodities,”
Gazprom in carbon trading venture with Dresdner
Russian energy group Gazprom will make its first significant foray into carbon trading on Tuesday with Dresdner Kleinwort. The joint venture between Gazprombank and DK will invest in projects generating “carbon credits”
Geffen sees consolidation in financials, tobacco and utilities
Robin Geffen, managing director and chief investment officer at Neptune Investment Management, thinks 2007 could see consolidation in the financial, tobacco and utilities sectors, reports Reuters.
Geffen bought shares in Dutch financial services group ABN Amro,
Shell learns cold reality of Russian deals
As he heads home from chilly Moscow, Jeroen van der Veer, Royal Dutch Shell’s chief executive, can reflect ruefully that things might have been worse.
He is coming away with $4.1bn in cash, a 27.5 per cent stake in an important project that now seems likely to proceed without much further trouble,
Shell hopes for Sakhalin-2 resolution by end of week
Shell believes it can reach a deal to bring Gazprom into the Sakhalin-2 project by the end of this week, ending months of wrangling with Russian authorities over the $22bn development. Shell CEO Jeroen van der Veer flew to Moscow for talks with Alexei Miller,