ROSNEFT GAS OPPORTUNITIES
Rosneft wants to step up gas production and become the second largest gas company in Russia.
'Over the past two years Rosneft has created a sizeable gas business to become a number three gas producer in Russia. It has tripled gas production, arranged its efficient marketing, and put together a competitive portfolio of gas projects. We see a good potential to become Russia's number two gas producer in the medium term' reads a note released on Tuesday.
The company said it is working to build a long-term supply chain, while keeping high level of production in established production areas and stepping up efforts to tap resources in East Siberia.
"In the next few years we are planning to maintain production and efficiently bring on stream more reserves in our traditional regions of operation (West Siberia, the Far East, the Volga-Urals region) as well as launching a number of new projects in East Siberia" Igor Sechin commented.
The company said it will also develop unconventional resources, mainly offshore and tight reserves. Rosneft estimates its offshore hydrocarbon resources at over 46 billion tons of oil equivalent.
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PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.