Post Tagged with: "Glencore"

Source: Oryx Midstream Services

Oryx Midstream Lands $550 Million from Qatar Investment Authority

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant

Source: Glencore

Glencore’s Executive Departures Hasten as Oil Chief Leaves

From Bloomberg

Alex Beard will retire as oil chief at the end of June, has held that job since 2007 and led Glencore through its IPO

The generational change at the top of Glencore Plc gained speed on Monday, after …

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

Crude storage is becoming less attractive as futures prices decline

Swiss mining giant and commodity trader Glencore (ticker: GLEN) is looking to divest its global storage assets, following similar moves by rivals Vitol and Gunvor. As the futures curve begins …

Source: Rosneft

Russia Sells 19.5% Stake in Rosneft to Glencore for $11.3 Billion

Rosneft sale relieves budget pressures

Russia has sold a 19.5% stake in Rosneft, the world’s largest-listed oil company and a state-controlled asset, for €10.5 billion ($11.3 billion) President Vladimir Putin announced on television with Rosneft CEO Igor Sechin. The stake …

Source: Russneft

Swiss Mining Giant Glencore to Take 49% Stake in Russian Oil-Major

Glencore plans to convert shares in subsidiaries of Russia’s Russneft into a 49% stake in the company

Swiss mining giant Glencore (ticker: GLEN) plans to take a 49% stake in Russian oil producer Russneft (ticker: RUSN) by exchanging Glencore’s shares …

March 13, 2015 - 6:53 pm International, Oil and Gas 360 Articles