Exploring for Shale ‘Sweet Spots’
David Bamford, bamford_windward@hotmail.com Not a week seems to go by nowadays without an international ‘deal’ for the exploration for unconventional resources being announced in the ‘trade press’. So, for example, Exxon and Rosneft are about to start exploring the Bazhenov shale in Russia, Ukraine and Shell have just announced a …
Rosneft Subsidiary Acquires Interest in ExxonMobil Gulf of Mexico Exploration Blocks
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Neftegaz America Shelf LP (Neftegaz) joins ExxonMobil to explore deepwater Gulf of Mexico Neftegaz …
Rosneft Holds Board of Directors Meeting: Dudley Proposed as candidate
The Rosneft Board of Directors held a meeting on March 4, 2013 and ruled to call the Annual Meeting of Company’s Shareholders (for 2012) in the form of holding a General Meeting (compresence of Company’s shareholders) in St Petersburg on June 20, 2013. The list of those entitled to participate …
Rosneft and Eni Sign Agreement to Develop Trading and Logistics Opportunities
Rosneft and Eni agreed to strengthen their cooperation by signing a strategic agreement to develop trading and logistics opportunities. The agreement was signed on February 23 in Rome by Igor Sechin, Rosneft President and Chairman of the Management Board, and Marco Alverà, CEO of Eni Trading & Shipping (ETS). The …
Rosneft President Igor Sechin Holds Working Meeting with Vice Premier of the People’s Republic of China Wang Qishan
Rosneft delegation led by Igor Sechin began its work in China on February 17. Rosneft President and Chairman of the Management Board Igor Sechin held a working meeting with Vice Premier of the People’s Republic of China Wang Qishan. The parties discussed a broad range of issues related to increasing …
Rosneft President Igor Sechin Held Working Visit to South Korea
Igor Sechin, Rosneft President and Chairman of the Management Board, held a working visit to the Republic of South Korea to hold talks with KOGAS and STX management on February 16. The parties discussed prospects for expanding cooperation in hydrocarbon production as well as development of transportation technologies. Source
Rosneft and ExxonMobil Expand Strategic Offshore Cooperation
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also …
Rosneft Signs Loan Agreements Worth $14.2 Bln with Group of International Banks
On February 13, 2013 Rosneft signed loan agreements for the total amount of U.S. $14.212 billion. The financing will be used to acquire a 50% stake in TNK-BP Ltd. from AAR (Alfa, Access, Renova) Consortium. The cost of the financing that is being arranged is one of the lowest at …
Wellook Implements WITSML Open Data Exchange Standard
Drilling a well is a costly process, with a high element of risk that requires strict monitoring. Controlling cost and minimizing risk is possible only with reliable, unbiased, and real-time information. A number of drilling process control systems developed in the 1990’s in the Russia Federation specifically used a set …
Russian Prime Minister Signs Government Order to Transfer 12 Russian Offshore Acreages to Rosneft
Russian Prime Minister Dmitry Medvedev has signed an order transferring the rights to develop 12 acreages on the Russian continental shelf to Rosneft. The order gives Rosneft the right to use 12 subsoil acreages located in the Barents Sea (Severo-Pomorsky-1, Yuzhno-Prinovozemelsky, Zapadno-Prinovozemelsky, Zapadno-Matveevsky and Russky), Kara Sea (Severo-Karsky), Chukchi Sea …