ONGC Videsh and India Oil Corporation: In Talks to Increase Stake in Vankorneft to 49.9%
ONGC Videsh along with Indian Oil Corporation (IOC), Oil India and Bharat Petroleum is in talks to buy about 35 per cent additional stake in Russia’s Vankor oil field in Siberia for close to dollar 3 billion. OVL, the overseas arm of the state-owned Oil and Natural Gas Corp (ONGC), …
Rosneft Confirm Full Attendance at the 4th RDCR, Including Roundtable Participation and Panel Moderation
The organizers are pleased to confirm that Rosneft, the biggest oil and gas company in Russia and the world’s largest publicly traded petroleum company, have confirmed that they will be attending the 4th RDCR. Drilling experts from the Rosneft head office will be taking part in the technology roundtable sessions, …
Rosneft Vietnam: Spins Bit at PLDD-1X
Rosneft Vietnam B.V., a company of Rosneft group, has started drilling exploration well PLDD-1X at Block 06.1 located offshore Vietnam. For the first time Rosneft is operating a drilling project, in International waters confirming the Company’s competence and ability to implement technically complex drilling programs offshore. The design depth of …
Rosneft : Oil Spilt from Disused Pipeline on Sakhalin Island
Top Russian oil producer Rosneft said on Thursday that around 15 tonnes (110 barrels) of oil spilled off from an idled pipeline on the Pacific island of Sakhalin, while local ecologists say the scale of disaster is far larger. Rosneft said the spill occurred on Wednesday at the Ekhabi oilfield …
RDCR 2016: Initial Speaker Line Up
The RDCR is pleased to announce the following speakers and companies for the 4th RDCR. www.rdcr.net Rob Tinkhof – Well Engineering Manager, Salym Petroleum Development B.V Vladislav Maratovich Tenishev – Senior Manager, Komi Pilot Projects, Lukoil Julian Bamgbose – Well Services Front End Design & Planning, Salym Petroleum Development B.V …
Rosneft and PDVSA signed Heads of Agreement for Joint Development of the Offshore Natural Gas Project in Venezuela
Rosneft and PDVSA signed Heads of Agreement to establish a joint venture for implementation of the large-scale project for production, treatment and sale of natural gas at the offshore fields Patao, Mejillones and potentially Rio Caribe in Venezuela. The Heads of Agreement is concluded in elaboration of the Memorandum on …
Rosneft: DeGolyer & MacNaughton Audit – Reserve Replacement Ratio At 124%
According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …
Rosneft: DeGolyer & MacNaughton Audit – Reserve Replacement Ratio At 124%
According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …
Rosneft: Interested in Saudi Aramco Privatization
Oil giant Rosneft is interested in the privatization of Saudi Arabia’s national petroleum company Saudi Aramco, according to Rosneft CEO Igor Sechin who made the statement at the International Petroleum Week forum in London. “We are very interested in possible privatization of Saudi Aramco and we would support such a …
Igor Sechin: Supply and Demand to Converge by the End of 2016
The head of Rosneft, the Kremlin-controlled oil company, has blamed ‘robot’ traders and producers in the Middle East and US for crushing oil prices, in a sign Moscow is unlikely to back calls for coordinated output cuts with OPEC. Igor Sechin, the close ally of president Vladimir Putin and Rosneft …