Integrated Oil & Gas

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Chinese Energy Holdings Ltd completes placing of new shares

Thursday, 29 Jan 2015 06:10am EST

Chinese Energy Holdings Ltd:Conditions of placing have been fulfilled and completion of placing took place on Jan. 29.Says 254,120,000 placing shares have been successfully placed by placing agent to not less than six (6) placees at placing price of HK$0.12 per placing share.Says net proceeds from placing amount to about HK$29.6 mln will be used for Group's future investment purposes and general working capital.

Gazprom OAO to sell 51 pct in Spetsgazavtotrans-Interfax

Wednesday, 28 Jan 2015 09:02pm EST

Gazprom OAO:Gazprom has put up for sale a 51 pct stake in Spetsgazavtotrans at the starting price of 2.02 billion Russian roubles-Interfax.The auction will be held on March 3.Spetsgazavtotrans stake was included into the list of non-core assets for sale.

Eni SpA launches fixed rate bond issue

Tuesday, 27 Jan 2015 11:43am EST

Eni SpA:Launches a fixed rate bond issue for a notional amount of 1 billion euros.The transaction was placed in the international Eurobond market.The bond has a 11 year maturity and pays a fixed annual coupon of 1.5 pct.The re-offer price is 99.268 pct.The bond will be listed on the Luxembourg Stock Exchange.The notes were bought by institutional investors mainly in France, Germany and Italy.

Eni SpA launches a 1 bln euros 11 year bond issue-Reutrers

Tuesday, 27 Jan 2015 06:42am EST

Eni SpA:Launches a 1 bln euros bond issue with maturity of 11 years for orders that have exceeded 5.1 billion euros-Reutrers.the bond will be priced at 78 basis points above the mid-swap.Book runners are Barclays, Credit Agricole, Citi, JP Morgan and UniCredit.

Gazprom OAO eyes first gas via new route to Turkey by 2017-Reuters

Tuesday, 27 Jan 2015 05:59am EST

Gazprom OAO:Plans to supply the first gas via a new route to Turkey in Dec. 2016, Chief Executive Alexei Miller said in a statement on Jan. 27-Reuters.Gazprom said last year it would build a new pipeline to Turkey with a capacity of 63 billion cubic metres (bcm) a year to bypass Ukraine.On Jan. 27, Alexei Miller said the new pipeline would consist of four lines of 15.75 bcm each, with the first one to supply Turkey only.Turkey is already receiving Russian gas via existing routes, importing 27.4 bcm last year.Alexei Miller added Russia and Turkey would sign an agreement on building the pipeline in the second quarter of 2015.Gazprom has still to reveal the estimated cost of the project.

NK Rosneft' OAO announces placement of rouble bond issues in amount of 400 billion roubles

Sunday, 25 Jan 2015 07:00pm EST

NK Rosneft' OAO:On Jan. 26 Rosneft announced the placement of rouble bond issues in amount of 400 billion roubles as part of the 800 billion roubles program approved in Dec. 2014.Bond placement is being done for the purpose of financing the company’s projects and production plan.It does not envisage purchase of foreign currencies.Until the implementation of payments to suppliers, contractors and creditors the Company will hold all the ruble funds on ruble accounts and deposits of authorized banks.

Novatek OAO to boost gas production 6% in 2015; liquids - 40%-Interfax

Friday, 23 Jan 2015 04:15am EST

Novatek OAO:Novatek (MOEX: NVTK) targets a 6% increase in gas production in 2015 and a 40% increase in hydrocarbon liquids production, CEO Leonid Mikhelson told journalists on the sidelines of the World Economic Forum in Davos-Interfax."In 2016, after we commission a major oil field in the fourth quarter of this year, there will also be a significant increase in liquid hydrocarbon production," Mikhelson said.

Moody's downgrades Tatneft' OAO to Ba1 from Baa3

Thursday, 22 Jan 2015 02:29am EST

Tatneft' OAO:Moody's Investors Service (Moody's) says that it has downgraded to Ba1 from Baa3 the rating of Tatneft.The company's long-term issuer rating was converted into a corporate family rating (CFR), in line with the rating agency's practice for corporates with non-investment-grade ratings.Concurrently, Moody's has assigned a Ba1-PD probability of default rating (PDR) to Tatneft.The ratings remain on review for further downgrade.Rating action follows Moody's decision to downgrade the sub-sovereign rating of the Republic of Tatarstan, Tatneft's major shareholder, to Ba1 from Baa3 on Jan. 20 and reflects its exposure to increased systemic pressures as captured by Moody's downgrade of Russia's government bond.

Moody's downgrades Gazprom OAO's foreign and local currency ratings to Baa3 and Baa2

Tuesday, 20 Jan 2015 09:35am EST

Gazprom OAO:Moody's Investors Service (Moody's) says that it has downgraded Gazprom's foreign-currency ratings to Baa3 from Baa2 and local-currency ratings to Baa2 from Baa1.Concurrently, Moody's has downgraded to Prime-3 from Prime-2 the short-term foreign-currency ratings and affirmed the Prime-2 short-term local-currency ratings of Gazprom and its supported entities.All ratings are on review for downgrade.Today's action follows the weakening of Russia's credit profile, as reflected by Moody's downgrade of Russia's government bond rating Baa3/Prime-3 (P-3) from Baa2/Prime-2 (P-2) on Jan 16. and its placement of the rating on review for further downgrade.Concurrently, Moody's downgraded the foreign-currency bond ceiling to Baa3/P-3 from Baa2/P-2 and local-currency bond/deposit ceilings to Baa2 from Baa1.Russia's foreign-currency deposit ceiling remains unchanged at Ba1/NP.Rating action on Gazprom has been prompted by weakening of Russia's credit profile, concerns that the probability of negative government intervention has increased in Gazprom's business operations; and the possibility that its operations may become less insulated from potential sovereign stress.

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