Insight
Corporate week in brief: Total ups its stake in Russia’s Arctic-2 LNG project
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Report summary
Total increased its exposure to Russian LNG by securing a direct 10% stake in Arctic-2 LNG. We look at what this means for Total and the project itself. We also provide commentary on the following stories: Brent slips; oil and gas stocks fall. Companies: Petrobras stock slump following 10% diesel price reduction; Santos rejects takeover offer. M&A: Callon and Cimarex do a win-win Permian deal; Mubadala enters Russia’s oil sector. Exploration: UK licensing round: still life in the old dog, Shell makes another GoM discovery
Table of contents
- Macro: oil prices, oil and gas shares
- Lead story: Total ups its stakes in Russian LNG
- Companies: Santos, Petrobras, Woodside
- M&A: Callon, Petrobras, Mubadala
- Exploration: UK licensing round, Shell
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