Rosneft Begins Geological Exploration in the Kara Sea
Rosneft has begun exploration work at the East Prinovozemelsky 1 and 2 license blocks in the Kara Sea. Geological surveying has been started one year ahead of the license schedule. Work will run through October 2012. RN Shelf Far East, a Rosneft subsidiary, will carry out the work. 3D seismic on …
Rosneft and ITERA Group Close Deal to Create Joint Venture to Produce and Sell Gas
Rosneft and ITERA Group have closed a deal to create a joint venture on the basis of ITERA Oil and Gas Company to produce and sell gas in line with the terms of a strategic cooperation agreement signed on 28 February 2012. Rosneft obtained 51% in the joint venture in …
Rosneft: Growth of Hydrocarbon Production by 2.5%, Free Cash Flow of 25 Billion Rubles for Q2 2012
Rosneft published its consolidated IFRS financial results for Q2 2012 and H1 2012. Key financial and operating results H1 2012 H1 2011 Change, % Q2 2012 Q1 2012 Change, % Operating results Hydrocarbon production (th. boepd) 2 628 2 565 2,5% 2 621 2 634 (0,5)% Crude oil production (th. bpd) 2 410 2 362 2,0% …
BP Confirms Rosneft Sale Talks
BP today confirmed it would begin negotiations with Rosneft for the potential purchase of BP’s shareholding in TNK-BP. BP also confirmed that while conducting parallel discussions with Rosneft and any other interested parties, it will negotiate in good faith with Alfa Access-Renova in accordance with its legal obligations. BP welcomed …
Rosneft has informed BP of Rosneft’s interest in a potential acquisition of BP participation in TNK-BP
Rosneft announces that, in connection with BP’s recent statements regarding its intention to pursue a potential sale of its participation in TNK-BP, Rosneft has informed BP of Rosneft’s interest in a potential acquisition of such participation. As a result, the parties agreed to commence negotiations on this matter and signed …
Rosneft and Eni Sign Agreement to Finance Geological Exploration Works at Three Offshore Russian License Blocks
Rosneft and its subsidiary Val Shatskogo have signed an agreement with Eni Energy Russia B.V. to finance geological works at three offshore Russian license blocks: the Fedynsky and Central Barents blocks in the Barents Sea and the Western Chernomorsky block in the Black Sea. Under the agreement, Eni will fully …
Rosneft: Drilling of Prospecting and Appraisal Well Begins at Sakhalin-3 Veninsky License Block
Drilling of prospecting and appraisal well No.3 has begun at the North-Veninskaya formation in the Veninsky license block, a part of the Sakhalin-3 project. The KANTAN 6 jack-up drilling rig is drilling the well, which has a planned measured depth of 3,830 metres and vertical deviation of 750 metres. The …
GE, Rosneft Sign MOU to Jointly Pursue Opportunities in Russia’s Oil and Gas Industry
GE (NYSE: GE) and OJSC Rosneft, a leader in Russia’s petroleum industry, today signed a memorandum of understanding (MOU) that lays the foundation for the two companies to jointly evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. The MOU was signed by …
Cooperation between Rosneft and General Electric (GE)
On June 21, 2012 I. Sechin, Rosneft President, and John Krenicki, GE Vice Chairman President and CEO of GE Energy, and Cristiano Tortelli, GE Energy CEO for CEE, Russia and CIS, signed a Memorandum of Understanding and a Cooperation Agreement. These documents provide for implementation of joint projects intended to …
Rosneft and Statoil advance strategic cooperation with the signing of agreements on joint bidding for licenses in the Norwegian section of the Barents Sea and joint technical evaluation of tight oil resources in Russia
Rosneft and Statoil have today signed documents aimed at implementing a cooperation agreement concluded on May 5, 2012. The agreements lay out the terms of joint bidding for licenses in the Norwegian section of the Barents Sea and provide for joint technical evaluation and subsequent development of tight oil resources …