Batery Ali…

1. Strike in Total oil refinery in Lincolnshire.
2. Fire at Mariel.
3. Брат Alekperova.
4. Inshore Brazil.
5. Set-back in “красил (i.e. crucial) industry” – like brits saying.

Batery Ali… 6/23/2009 8:42:47 AM. From my perspective, it appears that someone else (or perhaps a group of people) are doing everything possible to get in my way, slow things down or just make me feel miserable. As powerful and annoying as other groups may be, I am who have a genus to have my computer not working. And all because of battery for my clock was old, and should be replaced. Like that film where the terrorist engole em seco e disse: “Batery Ali…”, and the Malik manda ele a barda merda… No concluding to tell of his political manifesto before the trying to blow Subset Bulwark out. Accurately in place of unstrung tragicomedy, where the “medvedev” kill the herdsmen (i.e. Yevkurov) to promote Alekperov’s “rusia petroleum” in never changing for this matter Danzig Corridor. Of course I speak here about 45% of Raffinaderij Nederland. After the rotten like orange business of Setanta, I can do the fresh start by knock together a new team, accepting the responsibilities, making daunting but necessary improvements to enhance something brilliant again. Before the $725 million of 45% I have a dream where I’m traveling in the bus with military. Maybe this is because I still traveling without a ticket protecting the “medvedev”. Because the next dream at same night was weirder yet. I dream with very smart white haired pussy with my finger on it. Maybe it’s a way of military explain the Total “penetration”. Night before, at my dream arrives one Brazilian girl (i.e. uma moça). We where in the beach, good weather, and worm sea and she begin push for me the sand… Almost crying, but still doing it… I feel after a little bit strange. She was talking well to me, I fancied her, but maybe it’s just no way. Look at the Markets and how they react to this tip to the “new client medvedev”. Hикак. But mother-Kremlin with name Mariel react, burning contracts of Lincolnshire refinery react too. Since that I acknowledge my “own power” and who is willing to give me the boost required to zoom up the ladder, I can at least shut up who like to hit every night my head. Concretely and unrevoigably. Fairly assuming that other’s actions or words can not dominate my life. Only to like a half-dog, half-pigs, half-goats eat from my hand.

Lukoil to Take 45% Stake in Dutch Refinery Russia's OAO Lukoil said Friday it will pay $725 million for a stake in a Dutch refinery owned by France's Total SA, blocking a bid for the holding from Valero Energy Corp. The move is the latest in a series of deals signaling Russian energy companies' push to strengthen their positions in the European market. Lukoil, which is 20%-owned by U.S. oil major ConocoPhillips, said it plans to close the deal for a 45% stake in Total Raffinaderij Nederland by year end. The announcement coincides with a state visit by Russian President Dimitry Medvedev to the Netherlands and reflects Russia's open advocacy for foreign expansion by its big energy players, which can boost the country's international influence. Total has been seeking to build relations with Russian energy companies. It holds a stake in OAO Gazprom's Shtokman gas project in the Barents Sea and also has a stake in Russia's northern Kharyaga field. U.S.-based Valero said last month that it agreed to buy the 45% stake in the Dutch refinery from Dow Chemical Co., which co-owned the refinery with Total. However, the French oil company exercised its pre-emptive rights to purchase the stake and simultaneously agreed to sell the holding to Lukoil. Total will keep a 55% stake in the refinery. The 153,000 barrels-a-day refinery located in Vlissingen is mainly run on Russian crude oil. Lukoil Chief Executive Vagit Alekperov said the acquisition "organically fits in our company's strategy aimed at increasing oil refining capacities located in the immediate proximity to the markets where products with higher added value are sold." Lukoil is striving to boost its refining capacity by more than 70% by 2016. However, some of its recent attempts to buy assets abroad have failed, either because the deals were too expensive or because of what the company called the European Union's wariness about Russian investment. Lukoil owns refineries in Bulgaria and Romania and runs gas stations in various European countries and in the U.S.

Fire at Mariel shopping mall in southeastern Moscow. Из искры возгорелось Предварительная версия возникновения пожара в торговом центре на юго-востоке Москвы связана с нарушением техники безопасности. 22 июня 2009, 13::41. Трехэтажный торгово-развлекательный комплекс «Мариэль», расположенный на Люблинской улице, загорелся около полудня. Пожар, охвативший около 150 кв. метров, тушили 15 пожарных расчетов. По неподтвержденным данным, в здании прогремел взрыв. Жертв и пострадавших нет. Криминалисты приступили к выяснению причин пожара, предварительная версия ЧП связана с нарушением техники безопасности. Сообщение о пожаре в торгово-развлекательном центре (ТРЦ) «Мариэль», расположенном в доме 169, корпус 2 на Люблинской улице, поступило на пульт МЧС в 12.11 понедельника. «Огонь охватил трехэтажное здание. К месту ЧП были направлены 15 пожарных расчетов», – рассказали газете ВЗГЛЯД в пресс-службе МЧС по Москве. Площадь пожара составила около 150 кв. метров. Прибывшие спасатели первым делом эвакуировали из горящего здания всех работников центра и посетителей. По неподтвержденным данным, в здании прогремел взрыв. Учитывая, что торговый центр расположен рядом с жилым домом, возгоранию был присвоен третий номер сложности. «К часу дня пожар удалось ликвидировать. Информацию о взрыве мы не подтверждаем. Жертв и пострадавших нет. Криминалисты приступили к выяснению причин пожара», – отметил представитель МЧС. Между тем, по предварительной версии, ЧП в «Мариэле» произошло во время сварочных работ. «Взрыв в ТРЦ произошел во время сварочных работ, которые проводились на втором этаже трехэтажного здания. По всей видимости, взорвался газовый баллон», – рассказал РИА «Новости» источник в правоохранительных органах Москвы. Движение автотранспорта по дублеру Люблинской улицы, Новомарьинской улице и Марьинскому бульвару затруднено из-за наплыва машины пожарных и спасательных служб.

Wildcat strikes spread over Lindsey oil refinery sackings June 22, 2009. Wildcat strikes spread across Britain today as another 500 contractors walked out in a show of sympathy for workers sacked at the Total oil refinery in Lincolnshire. An estimated 2,000 workers from refineries, gas plants and nuclear sites failed to turn up for work today in unofficial industrial action after the French oil giant dismissed 650 contractors last week. The contractors were dismissed after going on strike to protest at not being offered new work on the site in Lindsey, Lincolnshire, even though employment was available. Under a union deal, the National Agreement, contract workers should be given the opportunity to apply for any new work at the same site once their oroginal employment term. The 650 workers discovered through television reports that Total had sacked them on Friday. They have until 5pm today to reapply for their jobs. As yet, there has been no disruption to Britain’s energy supply because all of those on strike are construction contractors or support staff — none of them responsible for the operation of a power plant. However, there are fears that other workers may strike in sympathy with the Lindsey contractors. At the neighbouring ConocoPhillips Humber refinery, about 300 contract maintenance workers walked out, while 100 employees at E.on’s Ratcliffe plant in Nottinghamshire also to unofficial industrial action in support of the Lindsey workers. Scottish & Southern Energy said that workers from the Fiddlers Ferry power station, near Warrington, had down tools but said it did not to know how many. It is believed that contractors at Drax, Britain’s biggest power station also walked out. Drax failed to return calls. EDF Energy said in a statement that some contractors had taken industrial action at its Cottam and West Burton power stations in Nottinghamshire. About 360 contract workers at RWE npower’s Aberthaw and Didcot A power stations have also gone on unofficial strike. More than 200 contractors walked off site at South Hook LNG terminal in Wales. While Total convened a meeting on Friday — inviting representatives of Unite and the GMB unions, contractors, and ACAS, the industrial arbiter — the oil company cancelled at the last minute. Today, the sacked workers at Total formed a picket line around the Lindsey refinery plant and some burnt letters from the company confirming the end of their employment. All the Lindsey workers were employed in building a new unit next to the refinery called the HDS-3 [hydro-desulphurisation] project. The unit, which will now not be completed by the end of the year as originally planned, will help the refinery to extract more diesel from the crude oil it treats.

Galp e Petrobras confirmam indícios de petróleo na Bacia de Potiguar A Galp Energia e a estatal brasileira Petrobras encontraram provas de existência de petróleo num bloco "onshore" da Bacia de Potiguar, anunciou o regulador deste mercado no Brasil. cpedro@negocios.pt. A Galp Energia e a estatal brasileira Petrobras encontraram provas de existência de petróleo num bloco "onshore" da Bacia de Potiguar, anunciou o regulador deste mercado no Brasil. A descoberta foi feita no poço 4GALP32RN, no bloco “onshore” (em terra firme) POT-T-484, refere a Agência Nacional do Petróleo (ANP) no seu “site”, citada pela Bloomberg. A Galp, que é a operadora, e a Petrobras, detêm em partes iguais esta concessão e ainda não determinaram se o crude descoberto tem viabilidade de desenvolvimento comercial, diz a mesma fonte. Em inícios deste mês, a Petrobras também anunciou ter encontrado sinais de petróleo e gás num poço “onshore” da Bacia Espírito Santo, o 4BRSA73OES, que fica no bloco ES-T-383. A Petrobras já tinha notificado o regulador de uma outra descoberta de crude, num outro poço desta bacia, a 27 de Dezembro passado. Os campos de São Mateus e de Guriri, no mesmo bloco, foram considerados – em Novembro - descobertas com viabilidade comercial, comentou a Bloomberg.

Anglo American (AAUK) Rejects Xstrata’s Merger of Equals The board of Anglo American (AAUK) met today to discuss the offer made by Anglo-Swiss mining company Xstrata (XSRAY), and reportedly the board of Anglo American unnanimously decided against the merger. The board’s decision was not all that unexpected as management had characterized the merger talks as preliminary. The deal was billed by Xstrata as a merger of equals based on the similar capitalization sizes of the mining companies, and their complementary products. The proposed company would be half owned by each company and no cash change hands. However, Anglo American doesn’t seem to be too interested in linking up with Xstrata in the $68 billion all stock deal. Analysts have estimated that the joining of the two large miners would save somewhere in the neighborhood of $750 million to $1.7 billion per year, which is certainly appealing to both sides. However, Anglo American is skeptical that the cost savings would be as substantial as reported, and believes it is bringing more attractive assets to the table than is Xstrata; as Anglo American is already the worlds biggest miner of platinum. The combined company would be a leader in mining of such base metals copper, zinc, nickel, and of course platinum. Over the past few months, Xstrata has been outspoken about its desire to merge with a strong mining company. There are also concerns over the how the corporate cultures of the two companies would mesh together, as Xstrata is known to be extremely lean and decentralized, which is opposed to Anglo American which has a far different reputation. As an example, Xstrata has been able to achieve slightly higher revenue than Anglo American in the last year with just 40% of the workforce. In addition, Anglo American is rightly fearful that the merger would entail taking on more debt in order to complete the deal, which is not attractive as the debt load is already substantial. Xstrata is trying to take advantage of a rift within the Anglo American shareholders as support for CEO Cynthia Carroll is waning as the stock has languished and the dividend suspended. Proponents of the deal see Anglo American as providing the edge in assets and Xstrata providing the edge in leadership. With Carroll’s ability to stay in control of the combined company in jeopardy, there is ample reason for her to wait for a better deal. At Ockham, we do not cover Xstrata, but we do cover Anglo American and we currently have their stock rated as Undervalued. Given the current fundamentals such as earnings and revenue, we think that Anglo American should trade somewhere between $16 and $24. Obviously, AAUK’s earnings will be heavily influenced by commodity price swings, but as of current estimates the forward looking P/E is only 5.8x. This being the case, we can see why the board is not to keen on taking 50% ownership in a company when their stock is trading in mid-$13’s. We think it wise to wait and see just how bad Xstrata wants AAUK, but also do not be surprised if the price tag gets too high they may start knocking on the door of smaller platinum miner Lonmin (LNMIY). “Xstrata has made a proposal to its rival, Anglo American, saying, would you like to do a merger of equals with you. And by the way, we’d like to run the combination, would that be okay with you? Yeah, all right. We’d have a $65 billion overall market value…”