Energy Sector

Ukraine asks EU to mediate in gas dispute with Russia

Moscow  - Ukraine asked the European Union to mediate in the escalating dispute with Russia on gas deliveries, as talks failed ahead of a 8.00 am (0700 GMT) cut-off date, a Ukrainian official said.

Bogdan Sokolovsky, Ukraine's representative for energy security said his country asked the EU to mediate, the Interfax news agency reported from Kiev.

Gazprom: No payment received from Ukraine

Moscow - The chief executive of Russian gas export monopoly Gazprom said Wednesday that no payment from Ukraine had been received, despite a threatened New Year's Day cut-off of gas shipments.

Gazprom says it is owed 2 billion dollars by Ukraine, partially for past shipments and partially in late fees.

Suzlon Energy raises stake in Repower to 73.71%; pays Euro 65 million

Suzlon Energy Limited (SEL), a leading manufacturer of Wind Turbine Generator (WTG) and the sixth largest company worldwide, has announced the acquisition of the first tranche of Martifer Groups stake in REpower for _65 million.

The latest deal will take Suzlon's holding in REpower to 73.71 per cent.

SEC Upgrades Reporting Requisites Of Oil And Gas Companies

Taking the technological advances into account, the US Securities and Exchange Commission has modernized its reporting prerequisites of oil and gas companies, thereby helping investors to assess the companies better while making investments.

FMC Technologies acquires 45% stake in Schilling Robotics for $116 million

FMC Technologies, a leading global provider of technology solutions for the energy industry along with Schilling Robotics has entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in latter for $116 million.