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Lomonosov Moscow State University and the Arctic Research and Design Center to Work on Oil-Degrading Bacteria

Arctic Research and Design Center signed a contract on research work in laboratories of Lomonosov Moscow State University (LMSU). As a result of the research in laboratory of microbial biotechnology and Percov’s White sea biological station, a complex substance, based on bacteria living in low temperatures (psychrophilous microorganisms) must be …

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CNPC to pick up 10% of Vankor?

Chinese investors are to receive up to 10 percent in the Vankor cluster fields of northern Siberia, one of the biggest developed Russian oilfields and Rosneft’s biggest production asset. Russian President Vladimir Putin announced the plan at the construction launch of the Power of Siberia gas pipeline on 1 September, …

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Russia Upstream MagazineUncategorized

Outlook for Offshore Exploration in Russia up to 2025

Irina Chmeleva In recent months, the discussions about the impact of foreign companies and technology on Russian oil production have intensified at all levels. State officials, ranging from the President to various Ministers, have highlighted the need to boost domestic production of equipment in order to substitute imports. Given that …

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Rosneft Starts Production on the Northern Tip of Chayvo

Rosneft starts production on the Northern Tip of Chayvo field on the Sakhalin Island. President of Russian Federation Vladimir Putin led the ceremony in a video link from Gorno-Altaysk. Russian Energy Minister Alexander Novak and head of Rosneft Igor Sechin were present on the Sakhalin Island. A new industry record …

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Rosneft and Mongolia Signed an Agreement to Arrange the Training of Mongolian Citizens in Rosneft Partner Universities

Rosneft Chairman of the Management Board Igor Sechin and Minister for Education and Science of Mongolia Luvsannyam Gantumur signed an Agreement to arrange the training of citizens of Mongolia in partner universities of Rosneft. The signing ceremony was led by Russian president Vladimir Putin and the president of Mongolia Tsakhiagiin …

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Rosneft and ExxonMobil Started Field Studies in the Shelf Area of the Laptev Sea

Rosneft and ExxonMobil started 2D seismic exploration at the Anisinsko-Novosibirsky and Ust-Oleneksky license blocks in the Laptev Sea. 2D seismic exploration work plans to acquire up to 6 thousand linear km, and will last until the end of October. Alongside geophysical research a license wide bathymetric survey of the seabed …

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EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …

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Rosneft and North Atlantic Drilling Signed an Exchange of Assets Agreement

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover agreement’s options contemplate a …

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Rosneft Completely Restored the System of Meteorological Observations in the Kara Sea

As part of a large-scale summer Arctic research expedition “Kara-Summer – 2014” a meteorological station was installed that meets the latest modern requirements for such equipment, on the island of Uedinenie. Thus, the expedition organized by the “Arctic Research and Development Center” (a joint venture of “Rosneft” and ExxonMobil), with …

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NADL – North Atlantic Drilling: Announces Acquisition of Land Drilling Rigs in Russia

North Atlantic Drilling Ltd.  is pleased to announce that an agreement has been signed whereby NADL will purchase a significant portion of Rosneft’s land drilling fleet in Russia. Approximately 150 rigs will be acquired along with an award of new 5 year contracts with Rosneft for these units. Following the …

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