ExxonMobil: Transfers 33% Holdings Back to Rosneft After Sanction Pullout
In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following: – ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out …
ExxonMobil: Exits JV’s with Rosneft Over Offshore Sanctions
ExxonMobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project. ExxonMobil’s decision to quit its biggest exploration region was made late last year as the U.S. expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects …
Rosneft: Proved Hydrocarbon Reserves UP by 6% in 2017, Total Reserve Life – 20 Years of Production
As of December 31, 2017, the Rosneft’s SEC (United States Securities and Exchange Commission) proved hydrocarbon reserves achieved 39,907 mmboe (5,395 mmtoe). The hydrocarbon reserves increased by 2,135 mmboe (284 mmtoe) or by 6% compared to the reserves at the end of 2016. The audit, which provided for the reserves …
6th RDCR 2018 – Date, Venue & Sponsors Announced
TMG Worldwide are pleased to announce that the 6th RDCR will be returning to the Kempinski Baltschug Hotel for the 5th year running on the 12th April, 2018. Now in its 6th year, the RDCR 2018 will see an expanded format that includes not only the traditional focus areas of …
Rosneft: Agrees with BP to Explore the Kharampurskoe and Festivalnoye Licence Areas
Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …
GlobalData: Russia Led the World for Oil and Gas Discoveries in Q3 2017
A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …
Rosneft: Board of Directors Approves “ROSNEFT-2022” Strategy
Rosneft Board of Directors approved the “Rosneft-2022” Strategy aimed to qualitatively change the Company’s business by introducing the advanced management approaches and new technologies, increasing the returns of existing assets of the Company. “Rosneft-2022” meets the modern challenges of the energy industry in full. The strategy provides for increasing the …
Rosneft: Board of Directors Approves 2018-2019 Plan of Financial and Economic Activities
Rosneft Board of Directors approved the plan of Company’s financial and economic activities for 2018-2019 on an in-person meeting in Sochi. Based on the actual production and financial data for the 9 months of 2017 and the management forecast for the fourth quarter, Rosneft management expects to implement the approved …
Rosneft: Agrees Samotlor Development Program
Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. However, the water-cut of its production amounts up to 96 percent, which has a great impact on economic efficiency …
Bashneft and Rosneft: Sue Sistema for Damages
Bashneft and Rosneft, acting for the benefit of Bashneft as its shareholder, filed a lawsuit in Bashkortostan arbitration court seeking 131,639,012,421 rubles in damages from Sistema and Sistema-Invest. The amount of the lawsuit is the sum of dividends that the Defendants withdrew from Bashneft from 2009 through 2014, less taxes …