Shell Buys BG Group
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn reported the BBC. The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG …
Rosneft and Statoil Held Negotiations on Further Cooperation and Development of Joint Projects
Rosneft President, Chairman of the Management Board Igor Sechin held negotiations with Statoil CEO Helge Lund. The parties discussed joint projects on geological exploration on the Russian continental shelf in the Barents Sea and the Sea of Okhotsk, and projects on the development of Domanic deposits at the license blocks …
Rosneft and Statoil CEO’s Meet to Discuss Offshore Co-operation
Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Statoil ASA CEO Helge Lund in Norway. The parties discussed implementation of the joint projects in Russia’s Barents Sea (Perseyevsky License Area) and the Sea of Okhotsk (Magadan-1, Lisyansky, and Kashevarovsky License Areas). The two noted …
Rosneft and Statoil Move Forward With Shale Oil Cooperation in the Samara Region
Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …
Rosneft and Statoil Sign Shareholder Agreements for Russian Offshore Exploration Joint Ventures
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 …
Rosneft and Statoil Agree on Joint Offshore Operations in the Barents Sea and Sea of Okhotsk
Rosneft and Statoil signed a cooperation agreement to jointly explore offshore fields in the Russian sections of the Barents Sea and Sea of Okhotsk. The agreement also covers Rosneft’s participation in the exploration of license blocks in the Norwegian part of the Barents Sea, as well as the possible acquisition …