ExxonMobil Confirm Participation at the KDR
We are pleased to announce that drilling specialist from ExxonMobil will be joining the roundtable discussions at the upcoming KDR, bringing vast international knowledge and experience to the forum.
RPI: Offshore Field Development in Russia: Are the Sanctions an Opportunity for Russian Companies to Fill the Void?
Vadim Kravets In mid-February 2015, the third round of EU sanctions targted a number of Russian officials and nine new companies were introduced. Previously, in late summer and early autumn 2014, the U.S., EU, Japan and Canada introduced, in two rounds, sanctions againstw certain individuals and sectors of Russia’s economy …
ExxonMobil Files Tax Complaint Over Sakhalin 1
U.S. oil and gas major ExxonMobil has lodged a claim against Russia at the Stockholm arbitrage court as part of a tax dispute over its project in Russia’s far east, a spokeswoman for Russia’s Energy Ministry said on Thursday. The ministry did not provide any details of the lawsuit. Exxon …
Statoil: Looking for Heavy Oil Drilling Clearance
Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, targeting heavy oil fields, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions. Statoil plans to drill two wells at a heavy oil pilot project in …
Rosneft Started Production at the Sakhalin-1 Arkutun-Dagi Field
The participant companies of the Sakhalin-1 consortium are pleased to note that all the works for the start of the commercial oil production at the Arkutun-Dagi field were conducted in strict compliance with the approved schedule, determined technological specifications and subject to all the industrial and ecological safety legislations. Berkut …
Alexander Novak: Russia Could Seek New Partners if Western Majors Pull Out
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia’s role in the Ukraine crisis have targeted the …
ExxonMobil: Looking for New Assignment for West Alpha, NADL, Rig?
Sanctions are forcing Exxon Mobil Corp.to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer. West Alpha, the rig owned by billionaire John Fredriksen’s North Atlantic Drilling Ltd. (NADL) that made a billion-barrel oil discovery for Exxon and OAO Rosneft in …
Venezuela Ordered to Pay ExxonMobil $1.6bn Over Nationalization – Both Sides Claim Victory
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay ExxonMobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion. Venezuela’s socialist government hailed the long-awaited decision as a victory for its “sovereignty,” given …
Kirill Molodtsov: Russia Has the Tools to Go it Alone in the Arctic
Russia can continue the drilling the Kara Sea even if the US oil company ExxonMobil drops out the project, Deputy Energy Minister Kirill Molodtsov told reporters Monday reported RIA. There are enough Russian oil rigs to continue the drilling in the Kara Sea, where significant discoveries of petroleum and natural …
Rosneft Discovered a New Hydrocarbon Field in the Kara Sea
Rosneft successfully completed the drilling of the northernmost well in the world – the Universitetskaya-1 well in the Arctic. According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time – in one and a half …