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Rosneft and Statoil in Arctic exploration deal

BBC News -- Russian oil giant Rosneft has signed a deal with Norway's Statoil to explore the sea around the Arctic.

It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.

Norway's state-held firm will get ownership of a third of a new joint venture that will explore one of Rosneft's fields in the Barents Sea.

The deals are a sign of Rosneft's growing global ambitions.

The Statoil agreement also covers three Rosneft blocs in the Far Eastern Sea of Okhotsk.

Some media reports put the value of the deal at about $2.5bn (£1.5bn) but Statoil told the BBC that it has "not given any valuation of the deal".

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Submitted May 07, 2012 By: dasAuto

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Jmac2008 Champion Author Missouri Posts:2,416 Points:908,840 Joined:Dec 2008	Message Posted: May 7, 2012 5:16:41 AM Ignore Jmac2008 Report Abuse ok
hogfan24 Champion Author Arkansas Posts:2,123 Points:529,925 Joined:Dec 2011	Message Posted: May 7, 2012 5:14:45 AM Ignore hogfan24 Report Abuse Ok
Ziggy1962 Champion Author New Jersey Posts:6,097 Points:1,838,385 Joined:Aug 2006	Message Posted: May 7, 2012 5:13:16 AM Ignore Ziggy1962 Report Abuse Ok.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: May 7, 2012 5:11:04 AM Ignore DozenSpeed Report Abuse Cycle comin' 'round...
Pozole Champion Author Portland Posts:9,766 Points:1,622,220 Joined:Mar 2005	Message Posted: May 7, 2012 5:09:35 AM Ignore Pozole Report Abuse ...a spill under the ice would be totally devastating...stop the madness...
LogansGasPrices Champion Author Indiana Posts:1,644 Points:1,061,265 Joined:Sep 2005	Message Posted: May 7, 2012 5:09:27 AM Ignore LogansGasPrices Report Abuse Drill
gravityhurts Champion Author North Carolina Posts:4,234 Points:965,205 Joined:Sep 2008	Message Posted: May 7, 2012 5:02:49 AM Ignore gravityhurts Report Abuse Drill baby!
humblepie Champion Author Toledo Posts:35,351 Points:2,399,070 Joined:Mar 2006	Message Posted: May 7, 2012 5:00:22 AM Ignore humblepie Report Abuse but we have wind and solar
wegman Champion Author Twin Cities Posts:7,941 Points:2,116,130 Joined:Jun 2001	Message Posted: May 7, 2012 4:57:48 AM Ignore wegman Report Abuse I would NOT trust my Russian 'partners'.
gabbygusIN Champion Author Indiana Posts:7,381 Points:1,588,550 Joined:Oct 2008	Message Posted: May 7, 2012 4:57:30 AM Ignore gabbygusIN Report Abuse More oil for China!!
TuanCanCook Champion Author Los Angeles Posts:21,079 Points:685,215 Joined:Jun 2011	Message Posted: May 7, 2012 4:53:45 AM Ignore TuanCanCook Report Abuse $$$$$
Beau2140 Champion Author New York Posts:8,436 Points:1,684,860 Joined:Oct 2008	Message Posted: May 7, 2012 4:48:40 AM Ignore Beau2140 Report Abuse Big bucks.
jetlagAK Champion Author Anchorage Posts:2,256 Points:644,575 Joined:Jan 2010	Message Posted: May 7, 2012 4:47:41 AM Ignore jetlagAK Report Abuse Anyone Else 2012!
wkb03 Champion Author Georgia Posts:2,104 Points:621,705 Joined:Aug 2011	Message Posted: May 7, 2012 4:47:10 AM Ignore wkb03 Report Abuse Ok
tomok Champion Author Portland Posts:33,605 Points:2,374,185 Joined:Aug 2006	Message Posted: May 7, 2012 4:46:46 AM Ignore tomok Report Abuse There is oil all over this world - find it, get it out of the ground and to market. It just so happens that the Arctic ice is melting and the next area to be heavily explored for oil. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
bart_reed Champion Author Los Angeles Posts:4,115 Points:813,330 Joined:Mar 2011	Message Posted: May 7, 2012 4:44:57 AM Ignore bart_reed Report Abuse More oil for export to China.
ted4636 Champion Author Cleveland Posts:3,629 Points:1,665,360 Joined:Jun 2007	Message Posted: May 7, 2012 4:44:55 AM Ignore ted4636 Report Abuse grease up the arctic
Blismo Champion Author Arizona Posts:2,279 Points:431,935 Joined:Feb 2012	Message Posted: May 7, 2012 4:39:16 AM Ignore Blismo Report Abuse k
FrankTA2 Champion Author New York Posts:4,407 Points:1,121,690 Joined:Jun 2007	Message Posted: May 7, 2012 4:38:32 AM Ignore FrankTA2 Report Abuse Whoever goes up there to drill will really be earning their salaries.
fratt Champion Author Grand Rapids Posts:9,970 Points:2,673,605 Joined:Jul 2005	Message Posted: May 7, 2012 4:36:57 AM Ignore fratt Report Abuse Its all about the money.
otis2010 Champion Author Toledo Posts:3,120 Points:829,105 Joined:Dec 2010	Message Posted: May 7, 2012 4:36:00 AM Ignore otis2010 Report Abuse otay
BigDogOH Champion Author Cincinnati Posts:8,648 Points:1,836,495 Joined:Mar 2008	Message Posted: May 7, 2012 4:35:53 AM Ignore BigDogOH Report Abuse What are the Russians up to?
ssnvet All-Star Author California Posts:705 Points:71,685 Joined:Mar 2012	Message Posted: May 7, 2012 4:35:15 AM Ignore ssnvet Report Abuse This is getting very depressing.
chuckwthompson Champion Author Charlotte Posts:3,895 Points:604,885 Joined:Sep 2011	Message Posted: May 7, 2012 4:34:41 AM Ignore chuckwthompson Report Abuse And here in the USA we are still waiting for our president to lead us! Don't hold your breath!
DrCashFlow Champion Author Massachusetts Posts:7,204 Points:1,654,785 Joined:Jun 2008	Message Posted: May 7, 2012 4:31:07 AM Ignore DrCashFlow Report Abuse Look Who's president of Russia again.
cheapertvs Champion Author Richmond Posts:10,436 Points:2,770,395 Joined:Jan 2004	Message Posted: May 7, 2012 4:20:38 AM Ignore cheapertvs Report Abuse The Russians are trying to control Artic oil for a reason.....
joko0 Champion Author New Jersey Posts:2,111 Points:593,315 Joined:Oct 2008	Message Posted: May 7, 2012 4:19:25 AM Ignore joko0 Report Abuse More oil on the world market is a good thing.
passin_gas2011 All-Star Author Ohio Posts:750 Points:145,195 Joined:Sep 2011	Message Posted: May 7, 2012 4:19:02 AM Ignore passin_gas2011 Report Abuse well ok good
twobroke61 Champion Author Michigan Posts:8,525 Points:1,617,635 Joined:Sep 2008	Message Posted: May 7, 2012 4:10:55 AM Ignore twobroke61 Report Abuse good
JSX515 Champion Author St. Louis Posts:3,861 Points:830,270 Joined:Feb 2011	Message Posted: May 7, 2012 4:04:09 AM Ignore JSX515 Report Abuse Drill it.
dave12 Champion Author Twin Cities Posts:3,242 Points:1,863,915 Joined:Nov 2005	Message Posted: May 7, 2012 4:04:05 AM Ignore dave12 Report Abuse Do they mean the despot will return to the presidency in a few days?
Dsin44 Champion Author Abbotsford Posts:1,275 Points:276,195 Joined:Apr 2011	Message Posted: May 7, 2012 4:01:06 AM Ignore Dsin44 Report Abuse good for them
VetteFan Champion Author Indiana Posts:9,884 Points:2,057,155 Joined:Aug 2005	Message Posted: May 7, 2012 4:00:54 AM Ignore VetteFan Report Abuse Desperate times calling for desperate measures?
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1heatguy Veteran Author Wisconsin Posts:311 Points:154,845 Joined:Jan 2012	Message Posted: May 7, 2012 3:47:24 AM Ignore 1heatguy Report Abuse Whatbto wright,what to write.
vulcan96 Champion Author Ohio Posts:27,151 Points:3,127,930 Joined:Aug 2004	Message Posted: May 7, 2012 3:39:58 AM Ignore vulcan96 Report Abuse what is that dead/rotten smell in the air????
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todayilearned Veteran Author Tucson Posts:289 Points:61,390 Joined:Apr 2012	Message Posted: May 7, 2012 3:37:23 AM Ignore todayilearned Report Abuse Will this affect US?
afghaned Champion Author Hamilton Posts:11,990 Points:1,314,060 Joined:May 2004	Message Posted: May 7, 2012 3:29:34 AM Ignore afghaned Report Abuse Russia is a big exporter of oil.
Gasazhunter Champion Author Phoenix Posts:4,356 Points:1,056,395 Joined:May 2010	Message Posted: May 7, 2012 3:27:38 AM Ignore Gasazhunter Report Abuse We get nothing.
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nfldude Champion Author San Diego Posts:4,063 Points:473,505 Joined:Dec 2011	Message Posted: May 7, 2012 3:18:31 AM Ignore nfldude Report Abuse Will they slant drill to suck up oil under ANWR since the USA does not want to drill there, just like China in Cuban waters off south Florida
wilbur_gas Champion Author Los Angeles Posts:1,702 Points:665,710 Joined:Mar 2011	Message Posted: May 7, 2012 3:13:29 AM Ignore wilbur_gas Report Abuse Remember not all foreign oil comes to the USA unless we are a higher bidder.
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findcheap Champion Author Los Angeles Posts:9,742 Points:2,038,550 Joined:Apr 2007	Message Posted: May 7, 2012 3:07:28 AM Ignore findcheap Report Abuse Russian already produces much of the crude; they r experts at it
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