LetterOne Received 15% in Harbour Energy after Closing the Wintershall Deal
LetterOne International Investment Group, founded by Russian entrepreneurs Mikhail Fridman, Peter Aven and Alexey Kuzmichev, has received a 15% stake in the Scottish oil production company Harbour Energy. According to a statement released by Harbour Energy, on Wednesday the company closed a deal to acquire assets of the German Wintershall …
UK Government Tells LetterOne Group Friedman To Sell UK Assest
Russian billionaire Mikhail Fridman must sell his North Sea gas fields within six months, the UK has ordered. His LetterOne Group acquired the assets as part of a €5.1bn acquisition of the oil and gas arm of Germany’s RWE. UK energy secretary Ed Davey fears production from the gas fields …
LetterOne: Lord John Browne Appointed Chairman of Renamed DEA
After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At the first general meeting of …
Fridman’s Alfa Group Sets Up L1 Energy Investment Fund
Billionaire Mikhail Fridman’s Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex-BP chief executive Lord Browne reports Reuters. * German Khan to be CEO, recruiting managers …
TNK-BP Reports Strong Q1 Results but Profits Dip
TNK-BP reported its results for the first quarter of 2012. Mikhail Fridman, Executive Chairman of TNK-BP, said: “In the first quarter of 2012, TNK-BP achieved continued success in its focus on delivering operational excellence and sustainable growth. We increased production by 4% year-on-year to 2.037 million barrels of oil equivalent …
TNK-BP Reports Strong 2011 Results: Record High Net Income of $9.0bn
“TNK-BP has once again produced a set of record operational and financial results,” said Mikhail Fridman, Executive Chairman of TNK-BP Ltd. “The Company delivered record production of 1,784 mboe/d and increased refining throughput by 2% to 747mb/d. Also, we have completed international acquisitions in Vietnam, where we have commenced our first offshore …