Russian representatives are ready to begin talks with the foreign investors involved in projects offshore Crimea according to contracts signed with the Ukrainian government, the Russian deputy environment minister, Denis Khramov, said on April 10. He said that international norms adopted by the Russian Federation would be applicable to the territory annexed from Ukraine. According to those rules, said Khramov, the authorities would negotiate with those companies that act as investors in the Black Sea shelf adjacent to the Crimean Peninsula.
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REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.
FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow.
PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said
BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.