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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
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Jmac2008
Champion Author Missouri

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Message Posted: May 7, 2012 5:16:41 AM

ok
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hogfan24
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Message Posted: May 7, 2012 5:14:45 AM

Ok
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Ziggy1962
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Message Posted: May 7, 2012 5:13:16 AM

Ok.
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DozenSpeed
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Message Posted: May 7, 2012 5:11:04 AM

Cycle comin' 'round...
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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...
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LogansGasPrices
Champion Author Indiana

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

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

Drill baby!
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humblepie
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Message Posted: May 7, 2012 5:00:22 AM

but we have wind and solar
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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'.
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gabbygusIN
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Message Posted: May 7, 2012 4:57:30 AM

More oil for China!!
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TuanCanCook
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Message Posted: May 7, 2012 4:53:45 AM

$$$$$
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Beau2140
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Message Posted: May 7, 2012 4:48:40 AM

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


Anyone Else 2012!
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wkb03
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Message Posted: May 7, 2012 4:47:10 AM

Ok
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tomok
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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!
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bart_reed
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Message Posted: May 7, 2012 4:44:57 AM

More oil for export to China.
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ted4636
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Message Posted: May 7, 2012 4:44:55 AM

grease up the arctic
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Blismo
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Message Posted: May 7, 2012 4:39:16 AM

k
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FrankTA2
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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.
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fratt
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Message Posted: May 7, 2012 4:36:57 AM

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

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

What are the Russians up to?
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ssnvet
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Message Posted: May 7, 2012 4:35:15 AM

This is getting very depressing.
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chuckwthompson
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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!
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DrCashFlow
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Message Posted: May 7, 2012 4:31:07 AM

Look Who's president of Russia again.
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cheapertvs
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Message Posted: May 7, 2012 4:20:38 AM

The Russians are trying to control Artic oil for a reason.....
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joko0
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Message Posted: May 7, 2012 4:19:25 AM

More oil on the world market is a good thing.
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passin_gas2011
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Message Posted: May 7, 2012 4:19:02 AM

well ok good
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twobroke61
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Message Posted: May 7, 2012 4:10:55 AM

good
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JSX515
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Message Posted: May 7, 2012 4:04:09 AM

Drill it.
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dave12
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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?
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Dsin44
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Message Posted: May 7, 2012 4:01:06 AM

good for them
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VetteFan
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Message Posted: May 7, 2012 4:00:54 AM

Desperate times calling for desperate measures?
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sdchris
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Message Posted: May 7, 2012 3:59:51 AM

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

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

OK
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2bigtanks
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Message Posted: May 7, 2012 3:48:06 AM

OK
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1heatguy
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Message Posted: May 7, 2012 3:47:24 AM

Whatbto wright,what to write.
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vulcan96
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Message Posted: May 7, 2012 3:39:58 AM

what is that dead/rotten smell in the air????
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panda317
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Message Posted: May 7, 2012 3:38:54 AM

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

Will this affect US?
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afghaned
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Message Posted: May 7, 2012 3:29:34 AM

Russia is a big exporter of oil.
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Gasazhunter
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Message Posted: May 7, 2012 3:27:38 AM

We get nothing.
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yonasb
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Message Posted: May 7, 2012 3:23:19 AM

Ok
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nfldude
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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
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wilbur_gas
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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.
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Killerbabydoll
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Message Posted: May 7, 2012 3:10:03 AM

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

ok
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runner74
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Message Posted: May 7, 2012 3:09:37 AM

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

No USA effect
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findcheap
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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
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SteelPenny
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Message Posted: May 7, 2012 3:05:07 AM

Right.
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