Ruble Hits 5-Year High as Gas Buyers Bend to Putin Demand
The ruble closed at the highest level in five years against the euro as more European companies appeared...
The ruble closed at the highest level in five years against the euro as more European companies appeared to be complying with Vladimir Putin’s demand that they switch to paying in Russia’s currency for natural gas.
The ruble jumped as much as 9% against the euro and ended Friday’s session 2.8% stronger against the dollar in Moscow. The Russian currency is the best performer globally this year.
Continental Resources wraps up shareholders meeting
Continental Resources held its annual shareholders meeting last week in Oklahoma City where seven directors,...
Continental Resources held its annual shareholders meeting last week in Oklahoma City where seven directors, including company founder Harold Hamm were chosen to the Board of Directors.
Hamm was chosen along with Continental President and CEO William Berry. Others elected by shareholders were: Shelly Lambertz, Lon McCain, John T. McNabb, II, Mark E. Monroe and Timothy G. Taylor.
PE-backed Gas Producer Terra Energy Partners Explores $2.5 Billion Sale
Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus...
Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are exploring a sale of Terra Energy Partners LLC, seeking as much as $2.5 billion, including debt, for the natural gas producer, people familiar with the matter said.
The buyout firms launched an auction process to sell their majority stake in Terra earlier this month with the help of an investment bank, the sources said.
Houston-headquartered Terra is the largest gas producer in the Piceance Basin of Colorado, with 370,000 net acres cranking out around 530 MMcf/d of gas, according to its website.
Terra was formed in 2015 with backing from Kayne Anderson. In 2016, Warburg joined Kayne Anderson as an equal partner after it helped fund the acquisition of Terra’s current acreage position from WPX Energy for around $910 million.
Russia stops gas flows to Finland over payments dispute
OSLO (Reuters) - Russia's Gazprom on Saturday halted gas exports to neighboring Finland, in...
OSLO (Reuters) - Russia's Gazprom on Saturday halted gas exports to neighboring Finland, in the latest escalation of an energy payments dispute with Western nations.
Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine, but Finland refuses to do so.
The move by Gazprom comes at the same time as Finland is applying to join the NATO military alliance, a decision spurred by Russia's invasion of Ukraine.
