Companies
2015, June, 21, 17:10:00
ROSNEFT & BP AGREE
Rosneft and BP today signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum.
2015, June, 21, 17:05:00
ROSNEFT & CHEMCHINA COOPERATION
Rosneft and China National Chemical Corporation (ChemChina) signed at the St. Petersburg International Economic Forum a contract for crude oil supplies to the Chinese company.
2015, June, 21, 17:00:00
ROSNEFT BUYS TOTAL
Total S.A. and Rosneft signed at the St. Petersburg International Economic Forum an agreement, confirming the execution of a sale and purchase agreement with regard to the 16.67% share in PCK Raffinerie GmbH. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Chief Executive Officer of Total Patrick Pouyanné.
2015, June, 21, 16:55:00
ROSNEFT & GE LNG
Itera, a 100% Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at the St. Petersburg International Economic Forum.
2015, June, 17, 18:55:00
EU GAS STRATEGY
In Budapest, Mr. Šefčovič reported that, in the wake of the cancellation of South Stream last December, all parties in Europe have been paying attention to statements from Russia, as a gas supplier, and Europe's stance on infrastructure has been altered.
2015, June, 17, 18:45:00
BP & ROSNEFT: $700 MLN
BP could be close to a $700 million deal with Russia’s Rosneft for a 20% stake in a Siberian oilfield, the company led by Igor Sechin further showed how national companies can cope with sanctions, maintaining ties with Western companies and progressively switching to Asian markets.
2015, June, 17, 18:40:00
STATOIL CUTS 2,000
Norwegian oil and gas company Statoil says it will lay off up to 1,500 staff and 500 consultants by the end of to slash costs.
2015, June, 15, 19:00:00
RUSSIAN INVESTMENT SHOW
"Uncertainty is the rule of the game in this industry," the head of France's Total Patrick Pouyanne said this month. "We are in the long-term business. This is why at Total we are keen to maintain our commitment to Russia."
2015, June, 15, 18:55:00
RUSSIA'S GAS ADVANTAGE
“Now we are facing a stagnant demand both for oil and gas globally. These two commodities are providing 70% of Russian export and 50% of Russian federal budget revenues, so you can imagine how painful that is.”
2015, June, 15, 18:50:00
RUSSIAN DEAL NO SANCTIONS
Europe’s biggest oil groups are extending business deals with their Russian energy partners despite this month’s EU vote to continue imposing sanctions, highlighting how western companies are learning to live with the restrictions placed on Moscow.
2015, June, 15, 18:45:00
RUSSIAN GAS FOR EUROPE
Gazprom revived its contract with Italian contractor Saipem (controlled by state-run Eni SpA). The Milan-based company had signed two contracts worth €2.4 bn in total for the construction of an undersea pipeline and support services for construction of a second undersea pipeline, both part of much touted South Stream. The contract terms are now being renegotiated, so as to start construction in time for the 2016 deadline.
2015, June, 14, 17:25:00
NORWAY INVESTMENTS: NOK 184.8 BLN
According to Statistics Norway, total investments in oil and gas activity in 2016 should be NOK 184.9 billion, which is 1.4% higher than the corresponding estimate for 2015.
2015, June, 14, 17:20:00
IRAN NEEDS $100 BLN
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to the state-run company in charge of discussions.
2015, June, 12, 20:40:00
STATOIL FINDS GAS
A consortium led by Norway’s Statoil discovered a gas pay zone at wildcat well 6706/11-2 in the Gymir prospect in the Norwegian Sea.
The well was drilled about 12 miles west of the Aasta Hansteen field to prove petroleum in Upper Cretaceous reservoir rocks, in the Nise formation.
2015, June, 11, 19:00:00
BP: WORLD ENERGY - 2015
The most significant development on the supply side in 2014 was undoubtedly the continuing
revolution in US shale. The US recorded the largest increase in oil production in the world,
becoming the first country ever to increase average annual production by at least 1 million
barrels per day for three consecutive years.