Will Kennedy

Lukoil Beats Gazprom’s Monopoly to China With Uzbek Gas Supplies

OAO Lukoil, Russia’s biggest non- state company by market value, has succeeded where natural-gas exporter OAO Gazprom failed, supplying fuel to China.

Surgut Cited as Best Russia Oil With $28 Billion Secret: Energy

Russia’s fourth-largest oil producer pumps more crude than the U.K., employs 100,000 people and trades on stock exchanges in Moscow, London and New York. What’s not disclosed is how much cash OAO Surgutneftegas holds and the identity of its biggest shareholders.

Oil Trader Gunvor to Buy Petroplus’s Antwerp Oil Refinery

Oil trader Gunvor Group Ltd. will buy the 107,500 barrel-a-day Antwerp refinery in Belgium from insolvent Swiss oil refiner Petroplus Holdings AG and plans to restart the plant as soon as possible.

Czech Heating Plant’s Coal Contract Positive for CEZ, Wood Says

CEZ AS, the Czech Republic’s largest utility, has “strong ammunition” in negotiating new contracts for the supply of lignite thanks to a 10-year contract between the Pilsen district heating plant and Sokolovska Uhelna miner, Wood & Co. said.

Cove Energy Falls on Mozambique Tax Uncertainty: London Mover

Cove Energy Plc, the U.K. explorer that put itself up for sale, fell the most in five months after saying it will seek to clarify whether a holding in a Mozambique gas field would face a tax charge when the company is acquired.

Russian Oil Output Climbed to Post-Soviet Record Last Month

Russia, the world’s largest oil producer, said output rose 1.3 percent in February from a year earlier, topping January’s post-Soviet record.

Lukoil Shelves $1.8 Billion U.S. Shale Deal

OAO Lukoil, Russia’s second-largest oil producer, shelved a plan to make a $1.8 billion shale acquisition in the U.S. because of slumping natural-gas prices.

CGG Veritas Says Demand Will Improve After Posting 2011 Loss

-- CGG Veritas, the world’s largest seismic surveyor of oilfields, said demand for its services is strengthening after recording a loss in 2011.

Lukoil Takes $1 Billion Impairment on Conoco Oil Venture

OAO Lukoil, Russia’s second-largest oil producer, recorded a $955 million impairment charge after a venture with ConocoPhillips found less oil than expected.

Rosneft Restates 2011 Results After Switching to IFRS Accounts

OAO Rosneft, Russia’s largest oil producer, restated 2011 results after switching its accounts to International Financial Reporting Standards from U.S. Generally Accepted Accounting Principles in line with a Russian law on financial transparency.

Russia

London

Vladimir Putin

Leonid Fedun

Stocks Little Changed Amid Europe Concerns

Oil Is Poised for Weekly Decline After Saudi Denial of Pipeline Explosion

EU Leaders Declare Shift to Growth

Barclays Takes 8.2 Billion Euros of ECB Three-Year Money

Oceans Acidifying Fastest in 300 Million Years