Agreement

BP and AAR, joint shareholders in TNK-BP, today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them, including the current arbitrations brought by each against the other. The agreement includes an immediate waiver of the new opportunities provision in the TNK-BP shareholder agreement, allowing …

Warsaw hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Grażyna Piotrowska-Oliwa, President of the PGNiG Management Board. The meeting resulted in an agreement to adjust prices in the contract on natural gas supplies to Poland. Alexander Medvedev and Grażyna Piotrowska-Oliwa signed the Supplementary Agreement to the contract to adjust the price for natural gas supplies …

Rosneft and INTER RAO UES have concluded a contract on the supply of up to 875 billion cubic metres of gas. The contract envisages annual supplies of up to 35 bcm of Rosneft-produced gas to the power plants of INTER RAO – Electric Power Plants (or any other INTER RAO …

The Russian-based businessmen whose joint venture with BP has been plagued by years of in-fighting have agreed an outline deal to sell their stake to the state-owned oil giant Rosneft for about $28bn (£17.3bn), reported Mark Kleinman, City Editor, Sky News. AAR, a consortium of four oligarchs (Len Blavatnik, Mikhail …

Rosneft and Gazprom have signed a cooperation agreement to create and jointly operate offshore field development infrastructure. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, and Alexei Miller, Chairman of the Management Board at Gazprom, in the presence of Russian Prime Minister …

Rosneft and Statoil today signed Shareholder and Operating Agreements that will establish joint ventures for the four offshore Russian license areas included in the Cooperation Agreement signed by the two companies on May 5, 2012. The license areas in question are Perseevsky in the Barents Sea and Kashevarovsky, Lisyansky and …

GE announced it has entered into an agreement to acquire Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology. The acquisition, which is subject to regulatory approval and other customary closing conditions, further expands GE’s monitoring and sensing solutions and will be part …

BP today confirmed it would begin negotiations with Rosneft for the potential purchase of BP’s shareholding in TNK-BP. BP also confirmed that while conducting parallel discussions with Rosneft and any other interested parties, it will negotiate in good faith with Alfa Access-Renova in accordance with its legal obligations. BP welcomed …

Rosneft and its subsidiary Val Shatskogo have signed an agreement with Eni Energy Russia B.V. to finance geological works at three offshore Russian license blocks: the Fedynsky and Central Barents blocks in the Barents Sea and the Western Chernomorsky block in the Black Sea. Under the agreement, Eni will fully …

Joint ventures being set up to serve as operators for Russian offshore projects Mutual guarantees agreements signed Rosneft and Eni S.p.A. have today signed agreements ensuring practical implementation of a Cooperation agreement concluded in April 2012. The documents were signed by Rosneft President Igor Sechin and Eni CEO Paolo Scaroni …