OAO Novatek and OAO Gazprom Neft, agreed to acquire Eni SpA’s holding in a natural gas producer in the Russian Arctic for $2.94 billion, increasing control in one of the nation’s largest new energy projects.
OAO Rosneft, Russia’s largest oil producer, plans to invest $13 billion in five projects in Venezuela over five years and buy at least part of OAO Lukoil’s stake in a producing field in the South American nation.
OAO Gazprom Neft, the oil unit of Russia’s natural-gas exporter, is seeking a new loan of at least $1 billion at a lower interest rate than it obtained in April, according to two people with knowledge of the financing.
OAO Novatek, Russia’s biggest non- state natural gas producer, climbed to an 18-month high in London after the investment banking arm of OAO Sberbank said net income is poised to double in three years.
OAO Gazprom Neft, the oil arm of Russia’s largest natural-gas producer, will boost spending 23 percent as tax incentives spur drilling, as it plots acquisitions that could include a Russian unit of Hess Corp.
OAO Gazprom Neft has signed an agreement with Malaysia’s Petroliam Nasional Bhd., known as Petronas, to buy a 30 percent stake in a project to develop four blocks off Cuba, as the Russian oil producer expands abroad.