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2014-06-10 20:30:00

ROSNEFT MULLS $400 B

ROSNEFT MULLS $400 B

The state-owned company will over the next 20 years spend big money on the Arctic shelf. A minor part of it might be invested in the Barents Sea.

"We plan to invest $400 billion on the Arctic shelf over the first 20 years", Rosneft President Igor Sechin said at this week's top-level meeting on energy sector developments.

However, it was the Russian East which was on top of the agenda in the meeting. Talking to an audience of top energy company representatives and officials, President Putin stressed that the energy resources of the Eastern Siberia and the Far East now are of key importance for the country in order to guarantee continued economic growth. This is especially so "considering the crisis trends on the world markets and the consequent volatility", Putin said, a transcript from the meeting reads.

In the meeting, President Putin also implicitely indicated that an end to Gazprom's pipe gas export monopoly could be immanent.

The importance of the Asian-Pacific region for Russia is increasing rapidly as relations with the EU are strained and several grand contracts are signed with China and other eastern countries. Both Rosneft and gas monopolist Gazprom have made the region their top priority area. 

oilandgaseurasia.com

 

 

Tags: ROSNEFT
ROSNEFT MULLS $400 B October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

ROSNEFT MULLS $400 B October, 15, 12:25:00

BAD BOYS: IMF & WBG

ROSNEFT MULLS $400 B October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

ROSNEFT MULLS $400 B October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

ROSNEFT MULLS $400 B October, 15, 12:10:00

IRAN SANCTIONS DOWN

ROSNEFT MULLS $400 B October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

ROSNEFT MULLS $400 B
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 MULLS $400 B
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 MULLS $400 B
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 MULLS $400 B
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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