Integrated Oil & Gas

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Total sells 10 pct stake in TAP to Fluxys and Enagas

Tuesday, 30 Sep 2014 02:32am EDT

Fluxys Belgium NV:Says it has acquired, together with Enagas, stakes of Total (10 pct) and E.ON (9 pct) in Trans Adriatic Pipeline (TAP).Says it increases its stake from 16 to 19 pct.Says Enagas becomes new 16 pct partner in TAP.

Shares of Petroleo Brasileiro Petrobras SA plunge on election poll-Reuters

Monday, 29 Sep 2014 09:13am EDT

Petroleo Brasileiro Petrobras SA:Shares of Brazilian state-run companies plunged on Sep. 29 after an election poll released late Sep. 26 showed President Dilma Rousseff gaining on challenger Marina Silva ahead of election-Reuters.Brazilian investors have been heavily critical of Rousseff's government for enacting policies that have gone against minority shareholder interests in state-run companies.At 10:19 a.m. (13:19 GMT), shares of state-run oil producer Petroleo Brasileiro SA, dropped nearly 11 percent.

Gazprom OAO creates transport organizer for gas sold on exchange-Interfax

Thursday, 25 Sep 2014 05:47am EDT

Gazprom OAO:Gazprom has created LLC Gazprom Mezhregiongaz Postavka to organize the transport of gas sold on the St. Petersburg International Mercantile Exchange (SPIMEX) Vice President Mikhail Temnichenko said at a meeting with the Federal Anti-Monopoly Service to discuss the start of gas trading-Interfax.The main functions of Gazprom Mezhregiongaz Postavka will be sending data to the exchange on restrictions in the gas transport system, as well as a calculation for the cost of transportation services.The company will also organize shipments and keep track of whether a deal was or was not made.The shipments organizer will therefore coordinate deals that take place on the exchange as concerns shipping gas with the gas transport system.As a result, each deal that takes place on the exchange will also be provided with transportation services, as well as tariff calculation, Temnichenko said.

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