Energy Blast – June 3, 2010

Lukoil has enjoyed an exuberant first quarter, almost doubling profit on a year earlier.  Slavneft will sell some of its oil field service units this month.  Reuters reports that TNK-BP has announced that the subsidiary which owns the colossal Kovykta gas field has filed for bankruptcy.  Kazakh state oil and gas company KazMunaiGas hopes to sell a stake in the Pavlodar oil refinery this year; it is currently in talks with Russia.  The company is looking to buy 10% of the Karachaganak project led by BG Group Plc and Eni SpA.  EU regulators are, according to the Washington Post, investigating the legality of nuclear power non-compete deals between France’s Areva SA and Germany’s Siemens AG after Areva took over their joint venture.  The BBC examines Russia’s (losing?) battle for Central Asian energy reserves.