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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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findcheap Champion Author Los Angeles Posts:9,597 Points:2,009,875 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
SteelPenny Champion Author Dallas Posts:30,961 Points:2,607,490 Joined:Sep 2005	Message Posted: May 7, 2012 3:05:07 AM Ignore SteelPenny Report Abuse Right.
1fulltank Champion Author Buffalo Posts:7,903 Points:1,544,310 Joined:Nov 2008	Message Posted: May 7, 2012 3:04:56 AM Ignore 1fulltank Report Abuse Oil, oil everywhere, and the price is STILL too high.
carlsonguitars Champion Author Portland Posts:4,876 Points:825,980 Joined:Jan 2008	Message Posted: May 7, 2012 3:00:39 AM Ignore carlsonguitars Report Abuse It's all about money...
quasar502 Champion Author Lansing Posts:3,583 Points:801,350 Joined:Jan 2011	Message Posted: May 7, 2012 2:50:26 AM Ignore quasar502 Report Abuse A challenging environment.
Happytalk Champion Author Pennsylvania Posts:2,135 Points:577,115 Joined:May 2010	Message Posted: May 7, 2012 2:49:15 AM Ignore Happytalk Report Abuse go get it
defiancegasman Champion Author Ohio Posts:7,080 Points:1,323,260 Joined:May 2006	Message Posted: May 7, 2012 2:45:51 AM Ignore defiancegasman Report Abuse There is plenty of OIL, but they are still acting like we are running out. Got to keep the prices up!!!
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: May 7, 2012 2:31:28 AM Ignore spiderjay Report Abuse more oil?
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: May 7, 2012 2:30:52 AM Ignore Tundralimited2009 Report Abuse Go Russia
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monieet All-Star Author California Posts:964 Points:530,080 Joined:Mar 2011	Message Posted: May 7, 2012 2:29:59 AM Ignore monieet Report Abuse OK!
monieet All-Star Author California Posts:964 Points:530,080 Joined:Mar 2011	Message Posted: May 7, 2012 2:29:29 AM Ignore monieet Report Abuse OK!
Retowered Champion Author Colorado Posts:8,577 Points:2,685,415 Joined:May 2004	Message Posted: May 7, 2012 2:26:30 AM Ignore Retowered Report Abuse Everyone is drilling but the U.S. We need to start DRILLING NOW.
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: May 7, 2012 2:21:02 AM Ignore LostToo Report Abuse "Put a Tiger in your tank".... Only now it will be a Sibearien White Tiger.
BobD2009 Champion Author Long Island Posts:6,989 Points:1,239,785 Joined:Apr 2009	Message Posted: May 7, 2012 2:13:40 AM Ignore BobD2009 Report Abuse Another reason for us to step up domestic drilling.
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ED6 Champion Author Riverside Posts:9,484 Points:1,851,130 Joined:Jul 2007	Message Posted: May 7, 2012 2:02:37 AM Ignore ED6 Report Abuse OK.
AskMeLater Champion Author Amarillo Posts:1,988 Points:578,025 Joined:Jul 2005	Message Posted: May 7, 2012 2:01:55 AM Ignore AskMeLater Report Abuse Drill baby, drill! Let's do it more here! Of course, I am biased :) <--------
Petrothirst Champion Author Los Angeles Posts:2,286 Points:418,865 Joined:Nov 2005	Message Posted: May 7, 2012 2:01:37 AM Ignore Petrothirst Report Abuse Let's hope it has a poitive impact on gas prices to the consumer.
AKmailman Champion Author Alaska Posts:5,633 Points:1,557,565 Joined:Jul 2004	Message Posted: May 7, 2012 1:59:43 AM Ignore AKmailman Report Abuse it's amazing that putin allowed this
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: May 7, 2012 1:58:17 AM Ignore Saturn93 Report Abuse OK.
bcok Champion Author Los Angeles Posts:2,121 Points:1,543,520 Joined:Oct 2005	Message Posted: May 7, 2012 1:57:54 AM Ignore bcok Report Abuse Every deal seems to finally stink in some areas.
computernut2008 Champion Author Ohio Posts:6,573 Points:1,350,365 Joined:Oct 2008	Message Posted: May 7, 2012 1:56:46 AM Ignore computernut2008 Report Abuse ok
vegan_power Sophomore Author Hartford Posts:126 Points:51,030 Joined:Feb 2012	Message Posted: May 7, 2012 1:54:27 AM Ignore vegan_power Report Abuse ok
liao Champion Author Montreal Posts:3,447 Points:1,428,235 Joined:Sep 2008	Message Posted: May 7, 2012 1:54:12 AM Ignore liao Report Abuse Somebody is making money.
yakstar Champion Author Montreal Posts:2,420 Points:479,645 Joined:Jan 2012	Message Posted: May 7, 2012 1:53:34 AM Ignore yakstar Report Abuse keep the oil spills to a minimum boys!!!
speedys Champion Author Utah Posts:7,015 Points:2,558,845 Joined:Nov 2005	Message Posted: May 7, 2012 1:51:10 AM Ignore speedys Report Abuse Obama lets them drill but not us.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: May 7, 2012 1:50:40 AM Ignore hubcapLA Report Abuse We must get rid of Obozo no matter how much fraud there will be in the election.
USAv8tor Veteran Author Long Island Posts:348 Points:138,665 Joined:Mar 2012	Message Posted: May 7, 2012 1:48:25 AM Ignore USAv8tor Report Abuse Keep foreign companies on a short leash!
RENEGADEGAS Champion Author Missouri Posts:14,912 Points:1,591,225 Joined:Jul 2008	Message Posted: May 7, 2012 1:44:37 AM Ignore RENEGADEGAS Report Abuse roadrunnerMO... Your right! This is a bunch of crap!
roadrunnerMO Champion Author Kansas Posts:8,406 Points:1,699,465 Joined:Jul 2008	Message Posted: May 7, 2012 1:40:06 AM Ignore roadrunnerMO Report Abuse Other countries are drilling in our coastal waters up there. Obozo has approved such. But he does not want us drilling up there.
adgam Champion Author Orange County Posts:2,264 Points:501,020 Joined:Nov 2011	Message Posted: May 7, 2012 1:38:50 AM Ignore adgam Report Abuse kk
singlemom27 Champion Author Ventura Posts:3,113 Points:640,185 Joined:Apr 2011	Message Posted: May 7, 2012 1:38:23 AM Ignore singlemom27 Report Abuse Scary stuff...wonder how soon there will be a catastrophic spill.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: May 7, 2012 1:38:11 AM Ignore Jeeputtputt Report Abuse a handshake will do. lol
Scoutca All-Star Author Orange County Posts:525 Points:1,585,535 Joined:May 2004	Message Posted: May 7, 2012 1:30:23 AM Ignore Scoutca Report Abuse Yeppers, everyone is drilling but the US????
krobp46 Champion Author Milwaukee Posts:2,711 Points:541,095 Joined:Sep 2011	Message Posted: May 7, 2012 1:26:19 AM Ignore krobp46 Report Abuse Cooperation is always healthy
UseLessGasFolks Champion Author Iowa Posts:5,446 Points:1,295,850 Joined:Jul 2007	Message Posted: May 7, 2012 1:25:12 AM Ignore UseLessGasFolks Report Abuse I bed with the (former) enemy.
tessnlu Champion Author Missouri Posts:24,264 Points:1,107,240 Joined:Aug 2008	Message Posted: May 7, 2012 1:24:34 AM Ignore tessnlu Report Abuse ok
DirtDauber Champion Author San Antonio Posts:6,781 Points:1,627,460 Joined:Nov 2005	Message Posted: May 7, 2012 1:24:29 AM Ignore DirtDauber Report Abuse Super, it can only add to the overall supply.
gus8441 Champion Author Baltimore Posts:2,114 Points:442,825 Joined:Feb 2012	Message Posted: May 7, 2012 1:24:27 AM Ignore gus8441 Report Abuse drill here for god's sake
RangerBob58 Champion Author Dayton Posts:3,117 Points:662,750 Joined:Apr 2011	Message Posted: May 7, 2012 1:22:42 AM Ignore RangerBob58 Report Abuse OK
Ron77095 Champion Author Houston Posts:3,060 Points:602,675 Joined:Sep 2011	Message Posted: May 7, 2012 1:18:50 AM Ignore Ron77095 Report Abuse ok.
ECMM Veteran Author Miami Posts:354 Points:582,625 Joined:Mar 2011	Message Posted: May 7, 2012 1:16:29 AM Ignore ECMM Report Abuse No matter who finds the next super oil field big mouth fighting will take place.
LQQKGAS Champion Author Phoenix Posts:2,669 Points:1,196,015 Joined:Oct 2009	Message Posted: May 7, 2012 1:15:14 AM Ignore LQQKGAS Report Abuse 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]
abacus44 Champion Author Toms River Posts:3,480 Points:747,740 Joined:Jan 2011	Message Posted: May 7, 2012 1:15:07 AM Ignore abacus44 Report Abuse Let's make it happen here.
LuthierKS Champion Author Wichita Posts:3,747 Points:729,930 Joined:Apr 2011	Message Posted: May 7, 2012 1:14:46 AM Ignore LuthierKS Report Abuse 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.
Tigercat88 Champion Author North Carolina Posts:3,197 Points:616,865 Joined:Jul 2011	Message Posted: May 7, 2012 1:13:14 AM Ignore Tigercat88 Report Abuse Some one is working in the right direction.
ericbcire Champion Author Nevada Posts:4,520 Points:1,267,235 Joined:Aug 2009	Message Posted: May 7, 2012 1:12:49 AM Ignore ericbcire Report Abuse At least somebody's exploring.
Mowerman08 Champion Author Milwaukee Posts:4,755 Points:1,217,770 Joined:Aug 2008	Message Posted: May 7, 2012 1:12:41 AM Ignore Mowerman08 Report Abuse Everyone is drilling but the U.S.
firefly09 Champion Author San Diego Posts:2,497 Points:716,700 Joined:Mar 2009	Message Posted: May 7, 2012 1:12:34 AM Ignore firefly09 Report Abuse Alright.
PetroScopper Champion Author Houston Posts:6,622 Points:1,549,975 Joined:Aug 2008	Message Posted: May 7, 2012 1:11:10 AM Ignore PetroScopper Report Abuse Good deal for Norway. I believe they should fare very well on all of these deals.