Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-07-05 12:05:00

REPSOL & GAZPROM DEAL

REPSOL & GAZPROM DEAL

FTSpain's Repsol has agreed to establish a joint venture with Russian oil company Gazprom Neft, in the latest move by a European oil and gas company to deepen co-operation with Russia despite western sanctions targeting the country's energy sector.

Gazprom Neft, the oil arm of state-run gas monopoly Gazprom, will take a 25.02 per cent stake in Repsol's Evrotek-Yugra project in western Siberia and jointly develop its seven oil exploration blocks, in a deal that gives the Spanish company access to local expertise while boosting the future output of its Russian partner.

The tie-up, which includes the option for Gazprom Neft to increase its stake to 50 per cent, comes more than three years after the EU and US imposed sanctions on Russia following its invasion of Crimea. The measures were designed partly to cripple its oil and gas industries by restricting access to western finance and technology.

While Russian companies such as Gazprom and oil group Rosneft have on the whole shrugged off negative impacts of the sanctions, divergence between the EU and US sanctions has resulted in American companies withdrawing more significantly from Russia than their European counterparts. Companies such as France's Total and Italy's Eni have continued to engage in major drilling and exploration projects alongside Russian partners.

While only certain areas of technology are banned under the sanctions, including some techniques necessary for drilling in the Arctic or innovations to exploit shale oil deposits, the EU rules also include a "grandfathering" provision, so that investments that predate the 2014 imposition of sanctions are still legal.

European governments voted to extend the sanctions until January 2018 at an EU summit last week. The US Senate voted last month to deepen the impact of the American restrictions.

"Alongside strategically expanding our resource base, we also have the opportunity to share our geological prospecting skills and know-how with one of the largest oil companies in Europe," said Alexander Dyukov, Gazprom Neft's chief executive.

"Our combined geological exploration expertise will ensure the planned works will be executed with the maximum efficiency," he said in a statement, which did not provide any financial details of the agreement.

A Repsol spokesman told the Financial Times: "This is about realising the full value of a project by bringing in a local partner with local knowledge and local expertise."

The Evrotek-Yugra project owns exploration and production rights to seven license blocks, in which nine exploratory wells have been drilled. The Ouryinskoye field, which lies within the blocks, has recoverable reserves of 33.8m tonnes of oil.

Repsol, which has been operating in Russia since 2010, holds licenses for 17 production and development blocks and 16 exploratory blocks. In 2015 it produced 4.03m barrels of crude from the country.

-----

Earlier:

 

GAZPROM NEFT:    REPSOL: 
     

GAZPROM DISCOVERS SERBIA 

HARD RUSSIAN OIL  

GAZPROM NEFT DOWN 6.2%  

RUSSIANS ARE BETTER  

GAZPROM UP 28%  

GAZPROM BUYS 49%  

GAZPROM & PETROVIETNAM ARCTIC COLLABORATION

 

REPSOL VS SINOPEC: $5.5 BLN  

REPSOL NET INCOME €572 MLN  

STATOIL & REPSOL TRANSACTIONS  

REPSOL WILL SELL $7.1 BLN, CUTS 38%  

REPSOL WILL DOWN 22%  

REPSOL WILL CUT 1,500 JOBS  

REPSOL & TALISMAN: $8 BLN

 

 

 

 

Tags: REPSOL, GAZPROM, NEFT

Chronicle:

REPSOL & GAZPROM DEAL
2018, May, 23, 10:21:00

IRAN - EUROPE NUCLEAR

WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."

REPSOL & GAZPROM DEAL
2018, May, 23, 10:15:00

NO OIL FUTURE 2040

BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,

REPSOL & GAZPROM DEAL
2018, May, 23, 10:10:00

CLEAN NUCLEAR FUTURE

WNN - The United States, Canada, and Japan are launching the Nuclear Innovation: Clean Energy (NICE) Future Initiative. This global effort will make sure nuclear has a seat at the table during discussions about innovation and advanced clean energy systems of the future.

REPSOL & GAZPROM DEAL
2018, May, 23, 10:05:00

ARABIAN OIL FOR INDIA

AOG - The agreement between ADNOC and ISPRL, which was initiated in January 2017 during a visit to India by a high-ranking UAE delegation, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, covers the storage of 5.86 million barrels of ADNOC crude oil in underground facilities, at the Karnataka facility. The first shipment, of approximately two million barrels of crude oil, will be followed by further shipments after India’s annual monsoon season.

All Publications »