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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Rosneft and Statoil in Arctic exploration deal Back to Topics
REPLIES (newest first) Post a Reply
hogfan24
Champion Author Arkansas

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Message Posted: May 7, 2012 5:14:45 AM

Ok
Ziggy1962
Champion Author New Jersey

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Message Posted: May 7, 2012 5:13:16 AM

Ok.
DozenSpeed
Champion Author St. Louis

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Message Posted: May 7, 2012 5:11:04 AM

Cycle comin' 'round...
Pozole
Champion Author Portland

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Message Posted: May 7, 2012 5:09:35 AM

...a spill under the ice would be totally devastating...stop the madness...
LogansGasPrices
Champion Author Indiana

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Message Posted: May 7, 2012 5:09:27 AM

Drill
gravityhurts
Champion Author North Carolina

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Message Posted: May 7, 2012 5:02:49 AM

Drill baby!
humblepie
Champion Author Toledo

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Message Posted: May 7, 2012 5:00:22 AM

but we have wind and solar
wegman
Champion Author Twin Cities

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Message Posted: May 7, 2012 4:57:48 AM

I would NOT trust my Russian 'partners'.
gabbygusIN
Champion Author Indiana

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Message Posted: May 7, 2012 4:57:30 AM

More oil for China!!
TuanCanCook
Champion Author Los Angeles

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Message Posted: May 7, 2012 4:53:45 AM

$$$$$
Beau2140
Champion Author New York

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Message Posted: May 7, 2012 4:48:40 AM

Big bucks.
jetlagAK
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Message Posted: May 7, 2012 4:47:41 AM


Anyone Else 2012!
wkb03
Champion Author Georgia

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Message Posted: May 7, 2012 4:47:10 AM

Ok
tomok
Champion Author Portland

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Message Posted: May 7, 2012 4:46:46 AM

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

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Message Posted: May 7, 2012 4:44:57 AM

More oil for export to China.
ted4636
Champion Author Cleveland

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Message Posted: May 7, 2012 4:44:55 AM

grease up the arctic
Blismo
Champion Author Arizona

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Message Posted: May 7, 2012 4:39:16 AM

k
FrankTA2
Champion Author New York

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Message Posted: May 7, 2012 4:38:32 AM

Whoever goes up there to drill will really be earning their salaries.
fratt
Champion Author Grand Rapids

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Message Posted: May 7, 2012 4:36:57 AM

Its all about the money.
otis2010
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Message Posted: May 7, 2012 4:36:00 AM

otay
BigDogOH
Champion Author Cincinnati

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Message Posted: May 7, 2012 4:35:53 AM

What are the Russians up to?
ssnvet
Champion Author California

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Message Posted: May 7, 2012 4:35:15 AM

This is getting very depressing.
chuckwthompson
Champion Author Charlotte

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Message Posted: May 7, 2012 4:34:41 AM

And here in the USA we are still waiting for our president to lead us! Don't hold your breath!
DrCashFlow
Champion Author Massachusetts

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Message Posted: May 7, 2012 4:31:07 AM

Look Who's president of Russia again.
cheapertvs
Champion Author Richmond

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Message Posted: May 7, 2012 4:20:38 AM

The Russians are trying to control Artic oil for a reason.....
joko0
Champion Author New Jersey

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Message Posted: May 7, 2012 4:19:25 AM

More oil on the world market is a good thing.
passin_gas2011
All-Star Author Ohio

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Message Posted: May 7, 2012 4:19:02 AM

well ok good
twobroke61
Champion Author Michigan

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Message Posted: May 7, 2012 4:10:55 AM

good
JSX515
Champion Author St. Louis

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Message Posted: May 7, 2012 4:04:09 AM

Drill it.
dave12
Champion Author Twin Cities

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Message Posted: May 7, 2012 4:04:05 AM

Do they mean the despot will return to the presidency in a few days?
Dsin44
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Message Posted: May 7, 2012 4:01:06 AM

good for them
VetteFan
Champion Author Indiana

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Message Posted: May 7, 2012 4:00:54 AM

Desperate times calling for desperate measures?
sdchris
Champion Author San Diego

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Message Posted: May 7, 2012 3:59:51 AM

ok
SteveMartin
Champion Author New Orleans

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Message Posted: May 7, 2012 3:54:21 AM

k
gudrench
Champion Author Houston

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Message Posted: May 7, 2012 3:54:10 AM

OK
2bigtanks
All-Star Author Akron

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Message Posted: May 7, 2012 3:48:06 AM

OK
1heatguy
Veteran Author Wisconsin

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Message Posted: May 7, 2012 3:47:24 AM

Whatbto wright,what to write.
vulcan96
Champion Author Ohio

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Message Posted: May 7, 2012 3:39:58 AM

what is that dead/rotten smell in the air????
panda317
Champion Author Tampa

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Message Posted: May 7, 2012 3:38:54 AM

ok
todayilearned
Veteran Author Tucson

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Message Posted: May 7, 2012 3:37:23 AM

Will this affect US?
afghaned
Champion Author Ottawa

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Message Posted: May 7, 2012 3:29:34 AM

Russia is a big exporter of oil.
Gasazhunter
Champion Author Phoenix

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Message Posted: May 7, 2012 3:27:38 AM

We get nothing.
yonasb
Champion Author Houston

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Message Posted: May 7, 2012 3:23:19 AM

Ok
nfldude
Champion Author San Diego

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Message Posted: May 7, 2012 3:18:31 AM

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

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Message Posted: May 7, 2012 3:13:29 AM

Remember not all foreign oil comes to the USA unless we are a higher bidder.
Killerbabydoll
Champion Author Tucson

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Message Posted: May 7, 2012 3:10:03 AM

and
HIDDEN_DEATH
Champion Author Boise

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Message Posted: May 7, 2012 3:09:50 AM

ok
runner74
Champion Author Washington

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Message Posted: May 7, 2012 3:09:37 AM

ok
nurdco
Champion Author Colorado Springs

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Message Posted: May 7, 2012 3:09:12 AM

No USA effect
findcheap
Champion Author Los Angeles

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Message Posted: May 7, 2012 3:07:28 AM

Russian already produces much of the crude; they r experts at it
SteelPenny
Champion Author Dallas

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Message Posted: May 7, 2012 3:05:07 AM

Right.
1fulltank
Champion Author Buffalo

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Message Posted: May 7, 2012 3:04:56 AM

Oil, oil everywhere, and the price is STILL too high.
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