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2014-10-12 20:00:00

ROSNEFT SEEKS LAWYERS: $28 MLN

ROSNEFT SEEKS LAWYERS: $28 MLN

Russia's top oil producer Rosneft has turned to UK-certified lawyers in its fight against Ukraine-related Western sanctions which have hit the company's output and prospects for its push to tap Arctic riches.

The Kremlin-controlled firm has issued a 17.7-million-pound ($28-million) tender seeking the services of UK-certified lawyers on a website which registers Russian state purchases and orders.

"Provider undertakes to render legal services with regard to challenging economic sanctions and to protect interests of the client in general in respect to any other legal matters," the document said.

The amount of the work is set at 37,000 hours, making the fee 478 pounds per hour.

BP owns a 19.75 percent stake in Rosneft, which due to the sanctions faces limits on its access to capital markets, curbing its ability to fund development work.

Last month, ExxonMobil said it had to wind down cooperation with Rosneft in the Arctic after successfully drilling a first exploration well and the discovery of a large oilfield.

reuters.com

Tags: ROSNEFT, OIL, SANCTIONS, BP, EXXON
ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:25:00

BAD BOYS: IMF & WBG

ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:10:00

IRAN SANCTIONS DOWN

ROSNEFT SEEKS LAWYERS: $28 MLN October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

ROSNEFT SEEKS LAWYERS: $28 MLN
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

ROSNEFT SEEKS LAWYERS: $28 MLN
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

ROSNEFT SEEKS LAWYERS: $28 MLN
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

ROSNEFT SEEKS LAWYERS: $28 MLN
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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