Rosneft: Managed Pressure Drilling in Low Pressure Formations
The main objectives and results of the first MPD trial job in the Yurubcheno-Tokhomskoye field are presented in this article. Based on the result of this job the conclusion for this technologies utilization in highly fractured carbonate formation can be assessed. The utilization of this technology is focused on increasing …
VCNG: Proppant Optimisation in the Low Temperature Verkhnaya-Chona Field
This article discusses the initial results of the low-temperature proppant chemical consolidation technology testing after fracking at low temperatures in the Verkh-nechonsky field of Verkhnechonskneftegaz. The tests showed the following effects: a decrease in proppant backflow during completion and operation of the well; increase in ESP time between failures; decrease …
Rosneft and Statoil: Sign SevKomNeftegaz Agreement for the Development of the North Komsomolskoye Field
RN-Exploration and Production LLC, Rosneft subsidiary and Statoil Russia AS, Statoil ASA subsidiary, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz LLC, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development. The Document was signed in elaboration …
Rosneft: China’s CEFC in Talks to Buy Stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said. The people said senior executives at both companies were in preliminary …
Igor Sechin: USA Sanctions To Backfire on US Energy Majors
New U.S. sanctions imposed on Russia will have negative consequences for the United States and backfire on U.S. energy majors, Igor Sechin, chief executive officer of Russia’s largest oil producer Rosneft, said on Thursday. U.S. President Donald Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move …
Exxon Sues U.S. Over Fine Levied for Russia Deal Under Tillerson
Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The U.S. Treasury Department on Thursday morning slapped the world’s largest publicly traded oil producer with the fine for “reckless …
Russia’s Rosneft Plans to Open Mozambique Office – Diplomat
Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat said, a further sign that the Russian oil major is eyeing oil and gas deals in Africa. Mozambique’s Ambassador to Russia Mario Saraiva Ngwenya also told Reuters that Mozambique expected to sign by the end of the …
Rosneft: Wins the Erginskoye License
Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price at the auction having the maximal capabilities for the synergy and the most efficient scheme of the area’s development. …
Rosneft and CEFC China Energy Company Sign Strategic Cooperation Agreement
Rosneft and CEFC China Energy Company Limited signed a strategic cooperation agreement during the official visit of the President of the People’s Republic of China to Moscow. The Strategic Cooperation Agreement envisages cooperation of the parties in such areas as exploration and production, oil refining and petrochemicals, crude oil and …
Rosneft and Beijing Gas Close the Deal for Sale and Purchase of 20% shares in Verkhnechonskneftegaz
Rosneft and Beijing Gas Group Company Limited (“Beijing Gas”) closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amounted to around USD 1.1bln. As a result of the transaction, the parties are going to create a vertically integrated …