EXXON LEAVES RUSSIA
ROSNEFT - In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following:
- ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out a whole range of mutually beneficial projects in the interests of their shareholders in different regions around the world.
- The decisions of ExxonMobil to abandon certain projects that fall under the legislative limitations once again imposed by the US government despite their successful development fully comply with the position of the American regulator that changed the way we collaborate on these projects.
- Rosneft would like to thank its partners for making every effort possible to get the approvals of the US competent authorities to continue being part of these projects. Rosneft and ExxonMobil will jointly work on legally formalizing this outcome in order to minimize the damage to the shareholders of both companies. After preparing the documents, Rosneft will inform the shareholders on the details of the arrangements according to the corporate standards in place.
- Rosneft will continue to unilaterally carry out these projects and will welcome ExxonMobil returning to these projects if such legislative opportunity arises. We will pursue our collaboration with ExxonMobil on projects that are not affected by the existing limitations as well as on future projects.
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NOVATEK - According to the MOU, the parties agreed to explore opportunities for KOGAS to enter the Arctic LNG 2 project and possible LNG off-take from the project, participate in the LNG transshipment project in Kamchatka and other infrastructure projects, as well as develop cooperation in LNG trading and logistics optimization, including swap operations.
BAKER HUGHES A GE - U.S. Rig Count is down 7 rigs from last week to 1,052, with oil rigs down 1 to 862, gas rigs down 6 to 188 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 21 rigs from last week to 160, with oil rigs up 16 to 103 and gas rigs up 5 to 57.
REUTERS - Benchmark Brent crude LCOc1 was up $1.05 a barrel at $74.10 by 0925 GMT. U.S. light crude CLc1 was 80 cents higher at $66.34.
МИНЭНЕРГО РОССИИ - По итогам заседания расширенного мониторингового комитета большинством его участников было рекомендовано рассмотреть на предстоящей министерской встрече ОПЕК и последующей за ней министерской встрече с участием не входящих в ОПЕК стран-экспортеров нефти увеличение добычи на 1 млн барр в сутки (от текущего уровня) с распределением этого объема между участниками соглашения.