Rosneft Starts Geophysical Surveys in Eastern Arctic
Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Oleneksky, Anisinsko-Novosibirsky, Yuzhno-Chukotsky, and Severo-Vrangelevsky 1 and …
Rosneft’s Yurubcheno-Tokhomskoye Oilfield in Eastern Siberia Delayed to 2017
Rosneft plans to start production at its Yurubcheno-Tokhomskoye oilfield in eastern Siberia in 2017, the company said on Tuesday, another delay for a field key to Russia’s efforts to at least keep oil production at current levels. Rosneft, Russia’s biggest oil company and the world’s largest listed producer by output, said Yurubcheno-Tokhomskoye …
Rosneft Acquires Orenburg Drilling Company
Rosneft completed acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group. Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment of Rosneft’s fleet of drilling units and implementation of the policy of the group for internal service share increase. Acquisition of …
Tight Oil Developments in Russia
James Henderson : The Oxford Institute for Energy Studies Part 1, click here to read part 2 Introduction Production of unconventional oil has transformed the US energy landscape, creating the potential for that country to reduce its reliance on oil imports and to contribute to the possibility of North America’s …
Rosneft and Statoil CEO’s Meet to Discuss Offshore Co-operation
Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Statoil ASA CEO Helge Lund in Norway. The parties discussed implementation of the joint projects in Russia’s Barents Sea (Perseyevsky License Area) and the Sea of Okhotsk (Magadan-1, Lisyansky, and Kashevarovsky License Areas). The two noted …
Rosneft Announces Termination of Contractual Arrangements with Fitch Ratings
Rosneft informs that following expiration and by agreement of parties, all credit rating service contracts between Fitch Ratings and Rosneft and its subsidiaries are to terminate, so that Fitch Ratings now withdraws the ratings earlier assigned to the Company and its subsidiaries, and their debt securities. Rosneft continues to work …
Rosneft Signs Memorandum of Understanding with Mitsui & Co., Ltd
Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and managing …
C.A.T. oil AG: 100% of Hydraulic Fracturing Capacity Successfully Marketed for 2014
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced that it has successfully marketed its fracturing capacities. The Company’s operating subsidiary CATKoneft has been awarded a tender worth EUR 148 million (based on a rouble-to-euro exchange rate of 47) …
Rosneft and General Electric Expand Science and Technology Cooperation
Rosneft and General Electric signed an Agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation Dmitry Medvedev. The Agreement is aimed at the expansion …
Rosneft Signs Memorandum of Understanding with Marubeni-Itochu Steel Inc
On 4 February 2014 Igor Sechin, Rosneft President and Chairman of the Management Board and Yasuo Matsuura, President and CEO of Marubeni-Itochu Steel Inc., signed a Memorandum of Understanding. The document envisages a joint study of possibilities for cooperation in implementing of an integrated materials management system and maintenance of …