Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:31 AM

GasBuddy News Article

20
votes
Statoil to drill with Rosneft on Russian shelf

Yahoo -- By Melissa Akin and Vladimir Soldatkin

MOSCOW (Reuters) - Norway's Statoil (STL.OL) will drill in Russian Arctic waters thought to contain 2 billion metric tons (2.20 billion tons) of oil (ROSN.ME) in partnership with Rosneft, marking the third deal of its kind for the Russian state company.

The agreement, signed on Saturday, provided a showcase for president-elect Vladimir Putin, serving out his final days as prime minister before a May 7 inauguration, and Deputy Prime Minister Igor Sechin, in charge of energy and industrial policy.

As a legacy of their time in government, the three deals secure capital and expertise for a push into some of the world's potentially most energy-rich regions.

Rosneft President Eduard Khudainatov said Statoil in turn invited his firm to partner up and bid

Read the Full Article

Submitted May 05, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Statoil to drill with Rosneft on Russian shelf Post a Reply Back to Topics
REPLIES (newest first)
Profile Pic
jrs4125
Champion Author Indiana

Posts:2,773
Points:594,670
Joined:Sep 2011
Message Posted: May 7, 2012 7:43:10 AM
 Ignore jrs4125 Report Abuse

Expensive oil to deliver.
Profile Pic
wrunner
Champion Author Virginia

Posts:4,460
Points:1,139,510
Joined:Dec 2009
Message Posted: May 6, 2012 6:17:55 AM
 Ignore wrunner Report Abuse

Drill very carefully.
Profile Pic
davenles
Champion Author Texas

Posts:3,216
Points:721,810
Joined:May 2011
Message Posted: May 5, 2012 11:06:59 PM
 Ignore davenles Report Abuse

Oil prices have everyone drilling.
Profile Pic
cdrrod
Champion Author Wisconsin

Posts:4,169
Points:786,700
Joined:Feb 2006
Message Posted: May 5, 2012 6:52:26 PM
 Ignore cdrrod Report Abuse

This will surely help out in Europe!
Profile Pic
ktbaeohana
Champion Author Las Vegas

Posts:2,316
Points:423,950
Joined:Mar 2010
Message Posted: May 5, 2012 6:08:14 PM
 Ignore ktbaeohana Report Abuse

watch and see.
Post a reply Back to Topics
"Consumers working together to save on gas"