Fuel and energy

Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS).

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 61.57 per barrel (bbl) on 23.11.2017

Employees of IDGC of Centre - Tambovenergo division in 2017 became authors of three rationalization proposals aimed at increasing the efficiency of the process of electricity transmission and ensuring the reliability of electricity supply to consumers.

The volume of financing of the Company’s adjusted Investment Program for 2017-2022 at the expense of the Company’s own funds will be 98%.

During this period, the company exceeded the plan for a number of key indicators.

Gazprom Neft, Tatneft and Zarubezhneft have concluded a Memorandum of Cooperation on the development of the skills and competencies needed for the development of exceptionally challenging projects in opening up carbonate deposits. 

The new combined-cycle gas turbine (CCGT) unit with 247.5 MW of electricity generation capacity and 174 MW of heat capacity has started commercial operation.

Neste, the world's leading producer and advocate of renewable fuel expedited a shipment of renewable diesel fuel in mid-October, and has pledged to aid neighboring Napa and Sonoma Counties with their clean-up efforts.

TATNEFT, Gazprom Neft and Zarubezhneft have signed a cooperation memorandum on in the field of developing competencies required for the implementation of exceptionally challenging projects for the development of carbonate reservoirs.

The UK government will from the end of next year allow sellers of offshore oil and gas assets to transfer some of their tax history to buyers, in a move aimed at boosting mergers and acquisitions activity in the basin and deferring the decommissioning of late-life fields.