Rosneft

N.A. Malyshev, V.V. Obmetko (Rosneft Oil Company OJSC, RF, Moscow), A.A. Borodulin (RN-SakhalinNIPImorneft LLC, RF, Yuzhno-Sakhalinsk) The depletion of the resource base in Russia’s historical oil producing regions had brought about the necessity of developing remote areas in the Far North, Eastern Siberia and offshore regions. Performing geological exploration works …

The Moody’s rating agency has today upgraded to Baa1 from Baa2 the issuer rating of Rosneft International Holdings Limited (formerly TNK-BP International Ltd.) and of its guaranteed subsidiary Rosneft Finance S.A. (former TNK Finance S.A.) under the issue of eurobonds. The decision to upgrade the rating has been taken after …

Rosneft, Pirelli & C. S.p.A. and Rostec State Corporation signed a Memorandum of understanding with regard to joint research and development activities. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, Marco Tronchetti Provera, President, CEO of Pirelli & C. S.p.A. and Sergei …

Igor Sechin, Rosneft President and Chairman of the Management Board, and Paolo Scaroni, Eni CEO in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, signed a term sheet on mutual crude supply and a heads of agreement on logistics opportunities. These agreements outline principal …

Rosneft Board of Directors has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.” The development of the Kharampur gas field is an important step forward in implementation of the company’s Gas Strategy in a bid …

Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …

Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …

RN Holding announces that the Company’s Board of Directors decided on November 14, 2013 to recommend the Company’s shareholders to accept the voluntary offer of Rosneft as of October 18, 2013 to acquire ordinary and preferred shares of the Company (hereinafter – the Voluntary Offer). The Company received the Voluntary …

Italy’s biggest utility Enel has completed the $1.8 billion sale of its stake in Russian natural gas producer SeverEnergia to Kremlin-controlled Rosneft, despite resistance from other shareholders reported Reuters. The deal has increased tensions between Russia’s oil barons, a headache for Russian President Vladimir Putin as he looks to boost …

Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a …