It’s been nearly a year since sectoral sanctions were slapped on Russia for its involvement in helping create a frozen conflict in Eastern Ukraine. European and American companies banned financing of Russian energy firms, and banks. They banned any joint venture deals with Russian oil and gas companies that involved exploration and production, or the selling of technologies used in E&P. But if a string of memorandum of understandings signed during last week’s St. Petersburg International Forum puts anything in the spotlight this week it is this: some very powerful entities in the E.U. have had it with sanctions.
For example, Gazprom, Shell, E.ON and Austria’s OMV Group signed a memorandum last Thursday for a joint venture deal involving a new pipeline that will hopefully one day have the capacity to ship 55 billion cubic meters to European each year. That is bigger than the existing Nord Stream pipeline that takes Russian gas westward.
“Extra gas transmission facilities along the shortest route connecting gas fields in Russia’s north to European markets will provide for higher security and reliability of supplies under new contracts,” Gazprom CEO Alexey Miller said in a statement last week.
Gazprom shares have outperformed the Market Vectors Russia (RSX) exchange traded fund over the last five days, up 3.66% in dollar terms. The market is being reminded just how important this company is to keeping air conditions firing and baseboards heated throughout Europe.
Manfred Leitner of Austria energy company OMV Group, Klaus Schaefer of E.On, Alexey Miller of Gazprom and Ben van Beurden of Shell all get busy signing an agreement to build a new pipeline to deliver Russian natural gas to Europe. While the deal does not initiative any actual business at this time, it shows European firms are dancing around the rules of E.U. sanctions against Gazprom.
Gazprom and OMV are working on new long-term business projects
June 18, 2015 - 01:15 pm (CET)
Evaluation of an OMV participation in
the project of development of Areas IV and V of the Achimov formation of the Urengoy field and
the extension of Nord Stream pipeline
Today in St. Petersburg, a working meeting has been held between the Chairman of the Management Committee of OAO Gazprom, Alexey Miller, and OMV Executive Board member, Manfred Leitner.
During the meeting a non-binding Memorandum of Understanding between Gazprom and OMV on further long-term business projects was signed. The parties agreed in the Memorandum to evaluate a possible participation of OMV in the project of development of Areas IV and V of the Achimov formation of the Urengoy oil, gas and condensate field in Russia based on a possible exchange of assets.
The Memorandum also sets forth the intentions of the parties to examine a possible cooperation in the project of construction of two lines in addition to the already existing Nord Stream pipeline.
Gazprom considers India as a promising LNG market, but it is not working on supplying natural gas to the country, said Alexander Medvedev, Deputy Chairman of the Board at Gazprom.
“We see the Indian market (LNG – Ed.) as a very promising one for the sales of natural gas, but we have not undertaken work in any of the possible directions of supply,” said Mr. Medvedev.
In early June, after a meeting between India’s Energy Minister Dharmendra Pradhan and Russian Energy Minister Alexander Novak, it was learned that India had expressed interest in importing oil and LNG from Russia.
Gazprom" to choose a new foreign partner for Baltic LNG,probably Shell .
Submitted by Mikhail Barkov on Wed, 17/06/2015 - 12:17
"Gazprom" can now select a strategic partner in the "Baltic LNG" plant project worth up to 1 trillion roubles. According to "the Kommersant", two candidates are left, one of which is the Anglo-Dutch Shell. The agreement will be the first major investment by foreign companies in a new project into the Russian fuel and energy sector since the introduction of sanctions against Russia. And with technology and investment "Gazprom" will be able to finally move on to the real work on the prolonged project of its second LNG plant.
According to sources of "the Kommersant" in the gas industry, to at the meeting of the deputy chairman of "Gazprom" Vitaly Markelov be held today, which monopoly can decide about their partner on the construction of a gas liquefaction plant in the Baltic region. The most likely option is the Anglo-Dutch Shell, the second contender is "a consortium of Japanese companies", one of the interlocutors of "the Kommersant" states. It is expected that a strategic partner will receive up to 49% of the project and at the same time will be the technology supplier of large-scale gas liquefaction. If the candidate is approved, a memorandum of joining the project can be signed at the St. Petersburg Economic Forum this week, one of the interlocutors of "the Kommersant" state. Shell and "Gazprom" declined to comment.
UPDATE 1-Big Oil saves Putin's top investor show, again
09:14 (15/06) - Bron: RTRS
(Updating time element)
By Dmitry Zhdannikov and Katya Golubkova
MOSCOW/LONDON, June 14 (Reuters) - Some of the world's most
powerful oil executives will attend Russia's top investment show
this week, once again helping the organisers shrug off a meagre
turnout from other leading Western industrialists and bankers.
Many CEOs and chairmen from major U.S. and European firms
withdrew from last year's St Petersburg International Economic
Forum because of tensions tied to Russia's annexation of Crimea
and a separatist war in eastern Ukraine.
The political environment has calmed and a shaky ceasefire
holds in Ukraine, but Western sanctions remain in place and most
Western business chiefs have again decided to skip what used to
be a key event in the international corporate calendar.
However, for the second year running, oil executives are
showing up regardless, with the heads of BP BP.L , Royal Dutch
Shell RDSa.L and Total TOTF.PA flying into the home town of
President Vladimir Putin.
BP's review of world energy supplies, published this month,
estimated that Russian oil and gas reserves had jumped above 100
billion barrels for the first time, climbing to some 103 billion
from 93 billion in the last review in 2013. This put it sixth in
the global reserves league table.
Such an abundance makes it economically vital for major
energy firms to maintain healthy ties with Moscow.
"Uncertainty is the rule of the game in this industry," the
head of France's Total Patrick Pouyanne said this month. "We are
in the long-term business. This is why at Total we are keen to
maintain our commitment to Russia."
Pouyanne and BP's boss Bob Dudley will be speaking at a
panel with Putin's energy tsar, the head of Rosneft
Igor Sechin. Shell's CEO Ben Van Beurden will share the stage on
Thursday with the head of Gazprom Alexei Miller.
All of them will likely have a separate meeting with Putin
and will generally be much more visible than last year when they
preferred to stay on the sidelines, fresh from the shock of a
steep deterioration in relations between Russia and the West.
"Things have calmed down a lot since last year and people
feel a bit more conformable. Crimea and the fighting in Ukraine
are pretty much gone from the front pages," said a source from a
major Western energy firm attending this year's forum.
Many Kremlinologists have repeatedly predicted that Putin's
strategy in Ukraine will be to wear down Western leaders, some
of whom, such as U.S. President Barack Obama, will be leaving
office within a couple of years.
Cooperation with oil majors will no doubt grab the headlines
on state Russian television as it helps the Kremlin convey a
message to the nation that it is business as usual for the
economy despite the jolts it suffered this past year from a
collapse in oil prices and the rouble.
Western energy bosses have a lot at stake in Russia, with
assets ranging from Shell's giant gas plant on the far eastern
island of Sakhalin to BP's 20 percent stake in Rosneft,
responsible for a third of its global production.
"I would observe that Russian (energy) imports may not be as
uncertain as they can appear," Dudley said this month when
speaking about Europe's desire to cut dependence on Russian gas.
"As well as Europe needing gas from Russia, Russia needs
revenues from Europe".
Russian energy company Gazprom and British-Dutch Royal Dutch Shell discussed prospects for cooperation in the Sakhalin-2 oil and gas development project, Gazprom’s press service announced Wednesday.
Gazprom building in Moscow
MOSCOW (Sputnik) – Gazprom’s CEO Alexei Miller and Shell’s head Ben van Beurden met in Milan, Italy, Wednesday.
“The sides discussed the prospects of cooperation in the oil and gas sector, the situation on the European gas market and the liquefied natural gas market, as well as the current issues and prospects of development of cooperation in the Sakhalin-2 project,” a Gazprom statement said.
The Sakhalin-2 field, located in Russia's eastern island of Sakhalin, is operated by Sakhalin Energy, in which Gazprom holds a 50 percent plus one share and Shell a 27.5 percent minus one share. The field includes the first liquefied natural gas plant in Russia.
In May, Gazprom stated it planned to maintain the level of gas extraction at the Sakhalin-2 field at 16 to 17 billion cubic meters in 2015.
Gas Export and Enhancing Reliability of Gas Supply to Europe
For Gazprom’s Press Conferences audio broadcast please dial:
+7 495 719-35-77 (Russian)
+7 495 719-30-00 (English)
June 9, 2015, 11:00 am
Alexander Medvedev, Management Committee Deputy Chairman, Gazprom;
Pavel Oderov, Department Head, Gazprom;
Gazprom Raises 2015 Natural Gas Export Forecast
Date : 06/09/2015 @ 5:33AM
Source : Dow Jones News
Stock : Gazprom Oao (PC) (OGZPY)
Quote : 5.05 0.07 (1.41%) @ 4:15PM
Gazprom Oao (PC) (USOTC:OGZPY)
Today : Tuesday 9 June 2015
MOSCOW-Russia's gas monopoly Gazprom increased slightly its 2015 gas export forecast to up to 155 billion cubic meters, Gazprom's chairman Alexander Medvedev said Tuesday.
Previously, Gazprom expected to export up to 153 billion of cubic meters of natural gas outside the Commonwealth of Independent States this year.
Speaking at a press conference, Mr. Medvedev said he expects export gas prices to average $240 to $245 per 1,000 cubic meters.
Mr. Medvedev confirmed plans to halt exports through Ukraine after 2019, saying that Turkish gas pipeline is set to be the only channel for gas exports to Europe. Europe will be able to buy as much gas from Russia as it wants, he said.
Gazprom gets until mid-Sept to reply to EU antitrust charges - source
BRUSSELS, JUNE 9
European Union antitrust regulators have given Russian gas giant Gazprom more time to respond to charges that it levies excessive prices and blocks rivals in eastern Europe, a person familiar with the matter said on Tuesday.
The European Commission had originally given Gazprom 12 weeks to reply when it unveiled the charges on April 22.
"The Commission has granted Gazprom an extension till mid-September for the company to work on its response to the statement of objections," the source said.
The Commission had no immediate comment.
Russia's Gazprom seeking Brazil oil, gas investments -executive
Mon Jun 8, 2015 3:28pm GMT
RIO DE JANEIRO, June 8 (Reuters) - Russia's Gazprom is considering investments in oil and natural gas in Brazil and may bid for exploration rights in the country's 13th-Round concession auction in October, Shakarbek Osmonov, director for Brazil and Latin America, told Reuters.
Gazprom, the world's largest natural gas producer, is also considering offers for stakes in fields and exploration areas being put up for sale by Brazil's state-run oil company Petroleo Brasileiro SA, Osmonov said on the sidelines of an event in Rio de Janeiro.
Petrobras, as the company is known, is trying to sell $13.7 billion of assets to boost cash for investment and to pay debt. (Reporting by Marta Nogueira; Writing by Jeb Blount)
Gazprom has reiterated its invitation of co-operation to the ExxonMobil-led Sakhalin 1 consortium, as the company stands ready to secure a long-term market outlet for untapped gas reserves from the three offshore fields near the island.
5/27/2015 Citigroup Inc. Reiterated Rating Buy
A number of other analysts have also recently weighed in on OGZPY. Analysts at Standpoint Research downgraded shares of Gazprom OAO from a buy rating to a hold rating in a research note on Thursday, April 9th. Analysts at Goldman Sachs upgraded shares of Gazprom OAO from a neutral rating to a buy rating in a research note on Friday, March 27th. Finally, analysts at Deutsche Bank downgraded shares of Gazprom OAO from a buy rating to a hold rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $7.50.
Shares of Gazprom OAO (OTCMKTS:OGZPY) traded down 0.63% on Wednesday, hitting $5.66. The stock had a trading volume of 340,941 shares. Gazprom OAO has a 52-week low of $3.60 and a 52-week high of $9.08. The stock’s 50-day moving average is $5. and its 200-day moving average is $5..
Don't feed him, his replies sound even dumber then he already is with his constant pumping.
The guy is a senile #$%$ sitting in a home waisting away. The only connection with the outside world is this msg board where he posts 24/7. The man has a serious problem...
10Q confirmed no income.
Published: 08:00 CEST 18-05-2015 /GlobeNewswire /Source: MDxHealth (R) / : MDXH /ISIN: BE0003844611
MDxHealth's ConfirmMDx® Predicts Prostate Cancer Aggressiveness
Epigenetic Health Index Helps Urologists with Prognostic Recommendations
Data Supporting Expanded Application of ConfirmMDx Presented at the AUA 2015
IRVINE, CA, and HERSTAL, BELGIUM - May 18, 2015 - MDxHealth SA (Euronext: MDXH.BR) revealed data today demonstrating the prognostic value of its ConfirmMDx® for Prostate Cancer test. The data, presented in two presentations at the American Urology Association (AUA) 2015 Annual Meeting in New Orleans, Louisiana (May 15-21), demonstrate the ConfirmMDx test's ability to identify patients likely to harbor clinically significant prostate cancer from negative biopsy tissue. In histopathology positive biopsies the test showed a better separation between men with aggressive prostate cancer from those men with indolent disease.
Previous diagnostic studies have established the utility of ConfirmMDx as a significant, independent predictor of prostate cancer, with a negative predictive value (NPV) of 90% for all cancers and a NPV of 96% for significant cancers. Now, the prognostic value of ConfirmMDx has also been demonstrated. In the first study on 269 men with a histopathologically negative biopsy results and ConfirmMDx-positive, DNA-methylation levels of the standard 12-core biopsies combined with clinical risk factors were used to develop an Epigenetic Health Index (EHI). The EHI was significantly higher in patients with an aggressive cancer detected upon repeat biopsy. The EHI of patients showed a strong correlation with the National Comprehensive Cancer Network (NCCN) score obtained on a second biopsy taken 3-15 months later. These findings confirm the results from previous studies that ConfirmMDx is able to segregate aggressive from non-aggressive prostate cancer in histopathological negativ
2014 dividends of RUB 7.20 per share proposed by Board of Directors
May 15, 2015, 09:55
The Gazprom Board of Directors addressed the issues associated with arranging and holding the Company's annual General Shareholders Meeting.
The Board resolved to convene the annual General Shareholders Meeting of Gazprom at 10:00 am (local time) on June 26, 2015 at the Company's headquarters in Moscow. Registration of the Meeting participants is to be carried out on June 24 (from 10:00 am to 5:00 pm) and on June 26 (from 9:00 am).
2014 dividends of RUB 7.20 per share proposed by Board of Directors
Enlarged photo (JPG, 2 MB)
The Board of Directors approved Gazprom's annual General Shareholders Meeting agenda consisting of the following items:
approval of the Company's Annual Report;
approval of the Company's annual Accounting Statements, including the financial results;
approval of the distribution of the Company's profit based on the results of 2014;
on the amount, terms and form of the dividend payout based on the results of 2014 as well as on the date when a list of persons entitled to receive dividends is drawn up;
approval of the Company's Auditor;
on the remuneration for the Board of Directors (Supervisory Council) Members – non-government officials in the amount prescribed by the Company's regulatory documents;
on the remuneration for the Audit Commission Members- non-government officials in the amount prescribed by the Company's regulatory documents;
on the approval of the Company's updated Articles of Association;
on the ratification of transactions of corporate interest, to be potentially executed by Gazprom while carrying on its usual business;
election of the Board of Directors Members;
election of the Audit Commission Members.
The Board of Directors formed the Shareholders Meeting Presidium to be made up of the Company's Board Members and approved the Board Chairman Viktor Zubkov as the Shareholders Meeting Chairman.
The Board meeting took t