US Sanctions: Could Impact Shell's Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
RN-Severnaya Neft: Starts Oil Production at the Labaganskoye Field
RN-Severnaya Neft, a Rosneft subsidiary, began commercial oil production at the Labaganskoye field. 3D CDP (Common Depth Point) seismic prospecting was performed in the area, appraisal wells were drilled. An extensive work was also completed to prepare for development drilling – the properties of oil and reservoir rocks that generated …
Rosneft Statement on the Inclusion of the Company’s Subsidiaries in the Sectoral Sanction List of OFAC
Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. The subsidiaries on the List are financially stable and have sufficient …
Rosneft Files Joint Bid with ExxonMobil for Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited filed joint bids to participate in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of the companies is of a strategic nature. Rosneft and ExxonMobil …
Rosneft: Delivers First Production Well for the East-Messoyakha Field
Rosneft and Gazprom Neft have completed early the project to build the first production well at the East-Messoyakha deposit, which is part of the Messoyakha cluster, the northernmost of the known Russian onshore oil fields. The project is part of the joint drilling program implemented by the two companies. The …
Rosneft and Statoil Completed Pilot Drilling at the North Komsomolskoye Field
Rosneft and Statoil ASA completed drilling works as part of the Pilot Project at the PK1 layer of the North Komsomolskoye field. During 2015 the companies jointly drilled 2 horizontal exploitation wells. Using best global practices Rosneft and Statoil ASA implemented extended logging, including core and fluid samplings. Also, for …
Rosneft and EGPC Agreed on the Term Sheet of Oil Products and LPG Future Supplies
Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation (EGPC) General Director Tarek El-Molla signed a Term Sheet for prospective supplies of oil products and liquefied petroleum gas (LPG) delivered by Rosneft to the Egyptian company. The document, signed in continuation of agreements reached at the …
Rosneft and EGAS Agreed on the Term Sheet of LNG Supplies
Rosneft Chairman of the Management Board Igor Sechin and Egyptian Natural Gas Holding Company (EGAS) Chairman Khaled Abd El Badee signed a Term Sheet for Rosneft future supplies of liquefied natural gas (LNG) to the Egyptian company. The document defines key terms of the future cooperation between the companies in …
Rosneft: Q1 2015 Financial and Operating Results
The Q1 2015 was characterized by drastically adverse influence of macroeconomic factors on activities of the Company: a record decrease in oil prices in USD terms by 30% was not sufficiently compensated by depreciation of rouble, demonstrating high volatility. As a result the market rouble cost of crude oil barrel …
Russia Examines Brussels’ Legal Move to Seize State Assets
The Kremlin said on Thursday it was carefully examining moves to seize Russian state property in Belgium to cover a court settlement compensating shareholders in now defunct oil company Yukos. One Russian government minister said such moves would be unfriendly and another said they would be illegal. An international arbitration …