Offshore Russia News - page 34


Rosneft and ExxonMobil

Jan 10, 2013

Rosneft and ExxonMobil have established a joint project to assess the commerciality of tight oil reserves in the Bazhenov and Achimov formations of Western Siberia. ExxonMobil will provide financing up to US$300 million for the program. Drilling is to begin in 2013.

A world well-supplied

Jan 09, 2013

Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel – by 65% over the next 30 years…

Arctic Technology Awards

Jan 09, 2013

Shawn Rice and Joe Gagliardi (center) accepted the award for ION. Presenting the award are OTC Board of Directors Chairman Steve Balint (left), Shell, and OTC Board of Directors member Joe Fowler (right).Igor Kolesnikov and Svetlana Kamaeva (center) accept the award for Transkor…

Conference delineates steady effort to open the Arctic

Jan 09, 2013

Delegates at the Arctic Technology Conference, held recently in Houston, examined the potential of the region to the oil & gas industry. Victor Schmidt and Nina Rach listened in.Two Russian icebreakers create a wide path for the LNG carrier…

It’s cold. It’s harsh. And it takes a lot of cash.

Jan 09, 2013

The challenges of drilling in the Arctic have become so multifaceted it’s hard to know what position folks line up behind. If it were just the usual environmentalist vs oil companies – and that fight is perennial to be sure – things would be clearer…

Another tiny miracle

Jan 09, 2013

Rice, Moscow State study toxic groundwater Rice University teams up with Moscow State for radioactive waste solutionGraphene oxide has a remarkable ability to quickly remove radioactive material from contaminated water, researchers at…

Rosneft, AAR reach TNK-BP deal

Dec 12, 2012

Rosneft's Moscow headquartersRosneft strikes $28B deal with AAR for TNK-BPRosneft has finalized an agreement to purchase AAR Consortium's (Alfa Group, Access Industries and Renova) 50% stake in TNK-BP for $28 billion, the company announced on 12 December 2012…

Rosneft, Exxon form tight oil project

Dec 07, 2012

ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…

ACG centralisers

Dec 07, 2012

Aquaterra Energy has secured a contract to design and install 260 centralisers for BP's latest development on the West Chirag platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The contract covers pre-engineering…

LNG carrier completes Arctic move

Dec 06, 2012

Photo: GazpromIcebreakers transfer LNG from Norway to JapanLNG Carrier ‘Ob River’ chartered by the Gazprom Marketing & Trading (GM&T) group, a wholly-owned subsidiary of OAO Gazprom, and operated by Dynagas (Greece), has successfully completed…

Ukraine crushed by fake gas deal

Dec 05, 2012

Ukrainian officials with Jordi Sarda BonvehiUkraine signs fake deal on state television - Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark…

Gazprom, BASF in asset swap

Nov 19, 2012

Alexei Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, have signed a legally binding basic agreement detailing key terms and conditions on swapping assets…

Hess mulls Russian sale

Nov 12, 2012

Samara-NaftaHess will persue plans to sell its Russian subsidiary Samara-Nafta, the company announced on 12 November 2012.Samara-Nafta, which was established in 1998, produces approximately 50,00 boepd in the Volga-Urals region.Goldman…

Commission squares up to Gazprom

Nov 01, 2012

'There are 'suspicions' that [Gazprom] has prevented alternative sources of natural gas from and into European countries, applying inappropriate practices, exploiting its position as the dominant supplier of natural gas to Europe.'It took time but it eventually happened…

Julian Hammond promoted to CEO and president of Tethys Petroleum

Oct 12, 2012

Julian Hammond was promoted to CEO and president of Tethys Petroleum following the resignation of David Robson on health grounds. Peter Lilley took over as non-executive chairman.

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