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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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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
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SteelPenny
Champion Author Dallas

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

Right.
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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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carlsonguitars
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Message Posted: May 7, 2012 3:00:39 AM

It's all about money...
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quasar502
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Message Posted: May 7, 2012 2:50:26 AM

A challenging environment.
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Happytalk
Champion Author Pennsylvania

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Message Posted: May 7, 2012 2:49:15 AM

go get it
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defiancegasman
Champion Author Ohio

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Message Posted: May 7, 2012 2:45:51 AM

There is plenty of OIL, but they are still acting like we are running out. Got to keep the prices up!!!
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spiderjay
Champion Author Little Rock

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Message Posted: May 7, 2012 2:31:28 AM

more oil?
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Tundralimited2009
Champion Author Dallas

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Message Posted: May 7, 2012 2:30:52 AM

Go Russia
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cbuck80
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Message Posted: May 7, 2012 2:30:22 AM

ok
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monieet
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Message Posted: May 7, 2012 2:29:59 AM

OK!
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monieet
Champion Author California

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Message Posted: May 7, 2012 2:29:29 AM

OK!
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Retowered
Champion Author Colorado

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Message Posted: May 7, 2012 2:26:30 AM

Everyone is drilling but the U.S. We need to start DRILLING NOW.
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LostToo
Champion Author Illinois

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Message Posted: May 7, 2012 2:21:02 AM

"Put a Tiger in your tank".... Only now it will be a Sibearien White Tiger.
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BobD2009
Champion Author Long Island

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Message Posted: May 7, 2012 2:13:40 AM

Another reason for us to step up domestic drilling.
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gmcgas
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Message Posted: May 7, 2012 2:03:02 AM

hummmmmmm
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ED6
Champion Author Riverside

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Message Posted: May 7, 2012 2:02:37 AM

OK.
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AskMeLater
Champion Author Amarillo

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Message Posted: May 7, 2012 2:01:55 AM

Drill baby, drill! Let's do it more here! Of course, I am biased :)
<--------
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Petrothirst
Champion Author Los Angeles

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Message Posted: May 7, 2012 2:01:37 AM

Let's hope it has a poitive impact on gas prices to the consumer.
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AKmailman
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Message Posted: May 7, 2012 1:59:43 AM

it's amazing that putin allowed this
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Saturn93
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Message Posted: May 7, 2012 1:58:17 AM

OK.
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bcok
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Message Posted: May 7, 2012 1:57:54 AM

Every deal seems to finally stink in some areas.
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computernut2008
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Message Posted: May 7, 2012 1:56:46 AM

ok
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vegan_power
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Message Posted: May 7, 2012 1:54:27 AM

ok
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liao
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Message Posted: May 7, 2012 1:54:12 AM

Somebody is making money.
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yakstar
Champion Author Montreal

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Message Posted: May 7, 2012 1:53:34 AM

keep the oil spills to a minimum boys!!!
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speedys
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Message Posted: May 7, 2012 1:51:10 AM

Obama lets them drill but not us.
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hubcapLA
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Message Posted: May 7, 2012 1:50:40 AM

We must get rid of Obozo no matter how much fraud there will be in the election.
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USAv8tor
Veteran Author Long Island

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Message Posted: May 7, 2012 1:48:25 AM

Keep foreign companies on a short leash!
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RENEGADEGAS
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Message Posted: May 7, 2012 1:44:37 AM

roadrunnerMO... Your right! This is a bunch of crap!
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roadrunnerMO
Champion Author Kansas

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Message Posted: May 7, 2012 1:40:06 AM

Other countries are drilling in our coastal waters up there. Obozo has approved such. But he does not want us drilling up there.
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adgam
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Message Posted: May 7, 2012 1:38:50 AM

kk
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singlemom27
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Message Posted: May 7, 2012 1:38:23 AM

Scary stuff...wonder how soon there will be a catastrophic spill.
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Jeeputtputt
Champion Author Ohio

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Message Posted: May 7, 2012 1:38:11 AM

a handshake will do. lol
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Scoutca
All-Star Author Orange County

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Message Posted: May 7, 2012 1:30:23 AM

Yeppers, everyone is drilling but the US????
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krobp46
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Message Posted: May 7, 2012 1:26:19 AM

Cooperation is always healthy
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UseLessGasFolks
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Message Posted: May 7, 2012 1:25:12 AM


I bed with the (former) enemy.
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tessnlu
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Message Posted: May 7, 2012 1:24:34 AM

ok
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DirtDauber
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Message Posted: May 7, 2012 1:24:29 AM

Super, it can only add to the overall supply.
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gus8441
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Message Posted: May 7, 2012 1:24:27 AM

drill here for god's sake
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RangerBob58
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Message Posted: May 7, 2012 1:22:42 AM

OK
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Ron77095
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Message Posted: May 7, 2012 1:18:50 AM

ok.
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ECMM
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Message Posted: May 7, 2012 1:16:29 AM

No matter who finds the next super oil field big mouth fighting will take place.
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LQQKGAS
Champion Author Phoenix

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Message Posted: May 7, 2012 1:15:14 AM


Drill baby drill!!!

Once heard a dentist say this.LuthierKs
Obuma can be more flexable after the election because he will not be in the white house.

[Edited by: LQQKGAS at 5/7/2012 1:22:46 AM EST]
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abacus44
Champion Author Toms River

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Message Posted: May 7, 2012 1:15:07 AM

Let's make it happen here.
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LuthierKS
Champion Author Wichita

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Message Posted: May 7, 2012 1:14:46 AM

Dons't you just know Obama is livid that the Russians are cutting deals with all these companies to increase exploration when he's trying to cut back on production in order to raise fuel prices? Apparently Medvedev didn't get the word to Putin that Obama would be more "flexible" after the election.
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Tigercat88
Champion Author North Carolina

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Message Posted: May 7, 2012 1:13:14 AM

Some one is working in the right direction.
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ericbcire
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Message Posted: May 7, 2012 1:12:49 AM

At least somebody's exploring.
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Mowerman08
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Message Posted: May 7, 2012 1:12:41 AM

Everyone is drilling but the U.S.
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firefly09
Champion Author San Diego

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Message Posted: May 7, 2012 1:12:34 AM

Alright.
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PetroScopper
Champion Author Houston

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Message Posted: May 7, 2012 1:11:10 AM

Good deal for Norway. I believe they should fare very well on all of these deals.
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