Rosneft acquired the remaining 49% of ITERA Oil and Gas Company LLC from Itera Holdings Ltd. for US $2.9 billion. As a result, Rosneft’s share in the company has increased to 100%. Rosneft said the consolidation of ITERA Oil and Gas Company…
This event aired on July 16, 2013 Click to AccessJoin marine meteorologists Eric Brozefsky and Francis Kredensor, of Wilkens Weather Technologies LP, a Rockwell Collins Company for a live presentation and Q&A session. Brozefsky and…
Russia's Rosneft and Venezuela's PDVSA struck a deal concerning the implementation of projects offshore Venezuela. The agreement calls for the two companies to conduct joint studies evaluating technical and economic viability of offshore gas and condensate production in Venezuela…
Rosneft has announced it has started seismic acquisition activity in the Sea of Okhotsk license blocks Lisyansky, Kashevarovsky and Magadan-1. The Russian firm said 2D seismic and gravity magnetic survey, from the Academik Fersman vessel…
Work to start-up production on the Caspian Sea Kashagan development has begun, the North Caspian Operating Company (NCOC) has said. The first phase of the development will see oil and gas produced from eight wells on an artificial island complex in the north Caspian Sea…
GE announced the grand opening of its new, state-of-the-art customer application center (CAC) in Moscow. At an invitation-only ribbon-cutting ceremony, customers toured the facility and experienced the complete GE Measurement & Control product…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…
Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…
Interest in the North is strong and growing among international actors— Kåre Storvik gives his views on business in the area. Oil companies, supply companies, and service providers to the oil industry are either in place or on their way to the North— to Arctic Europe-to the new…
Other than economics, logistical planning is the heart of any major project. Weather can have a significant impact on project success or failure, and while it can’t be controlled, it can be managed, even in a relatively remote location. The…
African independent oil and gas company Taleveras has agreed to farmout a 65% stake on its Block CI-504 off the Ivory Coast to a subsidiary of Russia's Lukoil. Block CI-504 is close to the producing Baobab field, covering 399 sq km in 800-2100m deep water…
AGR has been contracted to provide riserless mud recovery services for an operator working off Sakhalin. The US$3m contract will see AGR division AGR Enhanced Drilling provide its Riserless Mud Recovery (RMR) services (RMR) over this year’s summer drilling season…
Russia's Rosneft and North American supermajor ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide…
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