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2018-04-20 09:15:00

ENI - ROSNEFT COOPERATION

ENI - ROSNEFT COOPERATION

REUTERS - Italian oil major Eni has no plans to pull out of its joint venture with Russia’s Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday.

"We certainly have not pulled out, we're working with them," CEO Claudio Descalzi said on the sidelines of a conference.

Eni, one of Europe's biggest importers of Russian gas, extended a cooperation agreement with Rosneft last year to explore the Russian Barents Sea and the Black Sea, and to consider further opportunities together.

But after the United States imposed major new sanctions against Russia earlier this month, speculation has been growing that companies working with Rosneft might have to reconsider deals.

"We need to see why more sanctions have been imposed and how they will be applied, but it's not that we've closed relations with Rosneft, we are here and will remain here," Descalzi said.

In March Exxon Mobil Corp said it would exit some joint ventures with Rosneft, citing Western sanctions first imposed in 2014.

Last month, a source close to the operations said Rosneft and Eni had failed to make a commercial oil discovery in the Black Sea as the well they were drilling turned out to be dry.

Descalzi, who acknowledged Eni and Rosneft had not found much in the Black Sea well, said the two companies were now looking further north and would be moving to drill wells in the Russian Barents Sea.

Eni buys almost 21 billion cubic metres of gas per year from Russia covering 29 percent of gas supplies to Italy.

"It's strategic for the energy security of Italy," Descalzi said.

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Earlier:

 СДЕЛКА ENI И РОСНЕФТИ
2017, October, 13, 12:35:00

ROSNEFT - ENI GAS DEAL

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A.

 СОГЛАШЕНИЕ ENI И РОСНЕФТИ
2017, May, 18, 19:00:00

ROSNEFT & ENI AGREEMENT

Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin and Eni CEO Claudio Descalzi in the presence of Russian President Vladimir Putin and Italian Prime Minister Paolo Gentiloni.

 ENI - ROSNEFT DEAL
2016, December, 12, 18:35:00

ENI - ROSNEFT DEAL

Eni has agreed a $1.125bn deal to sell a 30 per cent stake in its giant Egyptian gas field Zohr to Rosneft, as the Italian company continues efforts to monetise the recently-discovered field.

 
 
 
 
Tags: ENI, ROSNEFT, RUSSIA, SANCTIONS

Chronicle:

ENI - ROSNEFT COOPERATION
2018, August, 20, 14:00:00

U.S. RIGS UP 0 TO 1,057

BAKER HUGHES A GE - U.S. Rig Count is unchanged at 1,057 rigs, with oil rigs unchanged at 869, gas rigs unchanged at 186, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 3 rigs from last week to 212, with oil rigs up 1 to 141 and gas rigs up 2 to 71.

ENI - ROSNEFT COOPERATION
2018, August, 17, 12:01:00

OIL PRICE: NOT ABOVE $72

REUTERS - Brent crude oil futures LCOc1 were down 3 cents at $71.40 a barrel by 00229 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 1 cent to $65.45 a barrel.

ENI - ROSNEFT COOPERATION
2018, August, 17, 11:55:00

ШИРОКИЕ ПЕРСПЕКТИВЫ СОТРУДНИЧЕСТВА

МИНЭНЕРГО РОССИИ - «Если рассмотреть Конвенцию через призму энергетического сотрудничества прикаспийских государств, можно отметить, что она открывает большие перспективы для расширения и углубления взаимовыгодного сотрудничества в сфере ТЭК», - сказал глава российского энергетического ведомства.

ENI - ROSNEFT COOPERATION
2018, August, 17, 11:50:00

GLOBAL NUCLEAR POWER UP

WNA - Nuclear reactors generated a total of 2506 TWh of electricity in 2017, up from 2477 TWh in 2016. This is the fifth successive year that nuclear generation has risen, with output 160 TWh higher than in 2012.

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