Russia’s largest shipping company mulls City listing August 21, 2011 RUSSIA’s state-owned shipping company Sovcomflot could make an initial public offering on the London Stock exchange by the end of the year, as the Russian government looks to push ahead with its ambitious privatisation plans. Sovcomflot, which is sending test cargoes along a new Arctic route to service Russia’s offshore oil fields, is at the [...]
Shell poised to sign $800m deal for Ukrainian shale gas August 31, 2011 ROYAL DUTCH Shell, the world’s largest oil producer, is poised to sign an $800m (£492m) deal to explore and develop shale gas fields in the Ukraine, a presidential official told journalists yesterday. President Viktor Yanukovich’s chief of staff said Shell and Naftogaz, the Ukrainian state-run gas and oil company, intend to sign a deal today [...]
Shell poised to sign $800m deal for Ukrainian shale gas August 31, 2011 ROYAL DUTCH Shell, the world’s largest oil producer, is poised to sign an $800m (£492m) deal to explore and develop shale gas fields in the Ukraine, a presidential official told journalists yesterday. President Viktor Yanukovich’s chief of staff said Shell and Naftogaz, the Ukrainian state-run gas and oil company, intend to sign a deal today [...]
BILL OF THE WEEK August 7, 2011 ONE OF the most regular visitors to Boisdale in Belgravia is a Russian gentleman who lives around the corner on Queen Elizabeth Street. So when the local dropped in to the restaurant with three Russian friends, he felt sufficiently at home to order one of the most expensive items on the menu: a plate of [...]
BILL OF THE WEEK August 7, 2011 ONE OF the most regular visitors to Boisdale in Belgravia is a Russian gentleman who lives around the corner on Queen Elizabeth Street. So when the local dropped in to the restaurant with three Russian friends, he felt sufficiently at home to order one of the most expensive items on the menu: a plate of [...]
BP shares drop on worries of criminal charges for Gulf spill March 29, 2011 BP saw its shares drop 2.2 per cent yesterday after it emerged that executives at the oil major might face criminal charges for their role in last April’s Deepwater Horizon disaster. BP was the biggest faller in the FTSE 100 yesterday, closing at 466.55p. The shares have been under pressure since a tribunal blocked its [...]
£10bn profits top forecasts for Gazprom August 30, 2011 RUSSIAN gas export monopoly Gazprom’s quarterly profits beat analysts’ expectations yesterday as European buyers rushed to secure contracts at prices 21 per cent higher than a year ago. The company posted a 42 per cent increase in first-quarter earnings to 478.5bn roubles (£10.2bn), exceeding market expectations of a 29 per cent gain. The country’s largest [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 26, 2011 FINANCIAL TIMES BP PROPOSES FOURTH PIPELINE ROUTE TO BRING AZERBAIJAN GAS TO EUROPE BP is planning a pipeline stretching 1,300 km across three countries to bring gas from Azerbaijan to Europe. The scheme is a new entrant in the highly charged competition to construct a supply route to the Caspian basin and reduce Europe’s dependence [...]
RESOURCES ROUND-UP August 25, 2011 Kenmare eyes 2012 price hike Kenmare Resources expects a dramatic boost to earnings next year when it will be able to capitalise on higher prices for its key products, the Irish mining firm said yesterday. Kenmare, which mines ilmenite and zircon from its Moma mine in Mozambique, has not been able to take full advantage [...]