Oct 29. VSMPO-Avisma has acquired 30% of Urals Gold

Finamrus com 29.10.2007 14:30
http://www.finamrus.com/newtopics/news03BE1/default.asp

VSMPO-Avisma has acquired 30% of Urals Gold which is licensed to tap the Yuzhno-Shameyskoye field of molybdenum ores in the Sverdlovsk region. As the corporation's spokesman told Interfax, the deal was transacted in September and the corporation is looking to raise its interest in the company to 50%. For the record, Urals Gold, a subsidiary of UGMK, placed a winning bid to acquire a 25-license to develop the Yuzhno-Shameyskoye field this September.

Oct 26. BP, TNK-BP and Gazprom could form an alliance by the end of 2007

Finamrus com 26.10.2007 13:19
http://www.finamrus.com/newtopics/news03BD6/default.asp

BP, TNK-BP and Gazprom could form an alliance by the end of 2007, TNK-BP's executive director for gas development and a major shareholder Victor Vekselberg told reporters in Lisbon. "We expect to work out a possible scheme of the alliance's structure by the end of the year" – he said.

Oct 25. Gazprom takes StatoilHydro on board Shtokman.

Finamrus com 25.10.2007 18:07
http://www.finamrus.com/newtopics/news03BCC/default.asp

Merged Norwegian state-run oil and gas company StatoilHydro is to enter a consortium to execute the first stage of a project to tap the Shtokman gas condensate field in the offshore zone of the Barents Sea. On Thursday Russian President Vladimir Putin spoke with Norwegian Prime Minister Jens Stoltenberg on the phone. "In light of the arrangements made by Gazprom about the participation of Norwegian company StatoilHydro in developing the Shtokman gas condensate field, Putin and Stoltenberg pointed out that this multilateral project (French company Total is also a consortium member) means new strategic thresholds for cooperation activities in the energy sector. Both parties are confident that the Russian-Norwegian partnership within this large-scale project will give a shot in the arm to bilateral relations in other sectors as well" – the presidential press service reported. Gazprom's press office confirmed that the signing ceremony for the respective documents is slated for Thursday. Details of the agreement are to be made public at a later time.