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johnsyn

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johnsyn

Re: None

Friday, 06/22/2012 9:33:07 AM

Friday, June 22, 2012 9:33:07 AM

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Big Win for Statoil: 8:34 AM Russia reportedly will change the composition of a consortium to develop the huge Shtokman gas field, bringing in Royal Dutch Shell (RDS.A, RDS.B) in place of Total (TOT) and keeping Statoil (STO) in a plan approved by Pres. Putin. It appears the optimism expressed by TOT's Christophe de Margerie may have been misplaced.
SEEKING ALPHA
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