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 …
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 …
Rosneft and BP Sign Production, Exploration and Refining Agreements
Rosneft and BP today signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum. Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20 per cent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint …
Rosneft and PDVSA Expand Cooperation in Crude Oil Trading
Rosneft and PDVSA signed at the St. Petersburg International Economic Forum the Term Sheet of the export contract for URALS supplies to the Venezuelan company. The document was signed by Rosneft Chairman of the Managing Board Igor Sechin and PDVSA President Eulogio del Pino. The document, computed for 1 year …
Rosneft Holds Annual General Meeting of Shareholders
On June 17, 2015 Annual General Meeting of Rosneft shareholders was held in St. Petersburg. Holders of 89.7% of the Company’s shares took part in the meeting. The Meeting approved the Annual Report, Annual Financial Statements, Profit Distribution of Rosneft for 2014. The decision was taken to distribute 87 billion …
Kara-Winter-2015 Has Become The Largest Arctic Expedition In The World In Recent 20 Years
Kara-Winter-2015, scientific-exploratory expedition, organized by Rosneft with the support of the Arctic Research and Design Center and FSBI Arctic and Antarctic research institute is successfully completed. It has become the largest arctic expedition in the world in recent 20 years by the scope and the structure of works. Explorations lasted …