Equinor Buys Onshore Assets in Russia
Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million (mm).
Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million (mm).
Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea.
Sova Capital and BGS brokerages announced that Rosneft company plans to sell its old depreciated oil fields to local companies.
Ryazan Oil Refining Company (RORC), the largest refining asset of Rosneft, has produced in excess of 1 million tonnes of environmentally-friendly Euro 6 gasoline.
Russia’s Zvezda shipyard has commenced production on another Aframax tanker and the vessel will be named after Nursultan Nazarbayev, the first President of the Republic of Kazakhstan.
In light of the agreement, GPC and Rosneft will share their oil and gas expertise, know-how, and technology designs through research activities and training programs.
Production at the Zohr natural gas mega field surged in H1 2019 to reach a total of 11.3 billion cubic meters, increasing by 3.6 times compared to a year earlier.
The gas field's production increased around four times, reaching 3.1 bcm in the second half of 2018, compared to the first half's output.
The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of 14.16% stake in Rosneft, the Russian oil giant announced on November 6.
Russia's Rosneft signed a cooperation agreement with Fleet Energy and Fleetliner Energy for supplying gas to Egyptian industry.