Rosneft: Signed a Number of Agreements to Involve Chinese Companies in Capital Construction Procurement Procedures
Rosneft and a number of Chinese companies signed agreements on cooperation in the field of procurement procedures at the 3rd Russian-Chinese Energy Business Forum. The main target of the model agreement is to develop long-term mutually beneficial cooperation and enable Chinese companies to participate in Rosneft’s procurement procedures for construction of …
Rosneft and CNPC Signed a License Agreement for the use of Hydraulic Fracturing Modeling Technology
Rosneft and the Chinese National Oil and Gas Corporation CNPC, within the framework of the III Russian-Chinese Energy Business Forum, signed a license agreement for the use of RN-GRID software – technologies for modeling and designing hydraulic fracturing (HF). Rosneft’s own development will help improve the efficiency of the development of …
Rosneft: Agrees with Chinese Companies to Study the Wind Energy Potential of Vostok Oil Project
During the III Russian-Chinese Energy Business Forum, Vostok Oil (Rosneft Group Subsidiary) and a number of Chinese companies signed a cooperation agreement to conduct the study of the wind energy potential of Vostok Oil Project. The study precedes the start of the work to design, construct and commission a wind …
Igor Sechin: Russian and Chinese Companies Plan to Conclude more than 20 Agreements During the RCEBF
Russian and Chinese companies “on the sidelines” of the III Russian-Chinese Energy Business Forum are planning to conclude more than 20 agreements, including for the supply of coal and technology transfer, in the electric power sector, the Executive Secretary of the Commission under the President of the Russian Federation on …
Rosneft: Begins Construction of the Vostok Oil Transportation System
Rosneft is completing comprehensive engineering surveys and starting construction of facilities for the oil transportation system of the Vostok Oil project. The oil pipeline will connect the fields of the Vankor and Paiyakh clusters with the oil loading terminal of the port “Sever Sever” under construction. The total length of the oil …
Rosneft: Confirmed its Compliance with International Standards in the Field of Industrial Safety, Labor Protection and the Environment
Rosneft’s Integrated Industrial Safety, Labor and Environment Management System (IMS HSE) was once again recognized as complying with the requirements of international standards ISO 45001: 2018 “Occupational Safety and Health Management System” and ISO 14001: 2015 “Environmental Management System”. Ensuring industrial safety, labor protection and environmental protection is a priority …
Rosneft – BP Joint Venture: Names Field in Taymyr after Hero of the Russian Federation E.N. Zinichev
The State Reserve Commission (GKZ) confirmed the discovery of a new gas condensate field in the Taymyr Peninsula. The field with 384 billion cubic meters of gas reserves was discovered by exploration well No.1 drilled at the Verkhnekubinskoye subsoil area, the license for which is held by Ermak Neftegaz LLC, …
Rosneft: Q3 and 9M 2021 Financial Results – Record Company Profit
Consolidated IFRS financial results for 3Q 2021 and 9M 2021: 3Q 2021 2Q 2021 Change, % 9M 2021 9M 2020 Change, % RUB bln (except %) Revenues and equity share in profits of associates and joint ventures 2,320 2,167 7.1% 6,224 4,2361 46.9% EBITDA 638 571 11.7% 1,654 845 95.7% EBITDA margin 27.0% …
Rosneft: Q3 and 9M 2021 Production Results – Drilling Activity Up 40% YoY
ESG Rosneft continues to implement activities under the Carbon Management Plan until 2035. Within the Plan’s framework, in the reporting period, the Company agreed with Equinor, ExxonMobil and Japan’s Natural Resources and Energy Agency (part of METI) on cooperation in the area of emissions management. The collaboration includes the study …
Rosneft and CNPC held a meeting of the Joint Coordinating Committee
Rosneft and China National Petroleum Corporation (CNPC) held the fourth meeting of the Joint Coordinating Committee (JCC) via videoconference. The agreement on the establishment of the Joint Coordinating Committee of Rosneft and CNPC was signed on May 15, 2017 during the official visit of Russian President Vladimir Putin to China. The …