Eni, Rockhopper Gain License Offshore Croatia
Eni, in partnership with Rockhopper, has been awarded an exploration license within the Croatian First Offshore Licensing Round.
Russia Mulls Cash-for-Clunker Oil-Rig Plan
The stimulus program would consider compensating two-thirds of the central bank refinancing rate in effect when a credit agreement is signed, and the loans may be granted for seven to 10 years.
BP In Talks To Buy Stake In Rosneft Unit
BP Plc is in talks to buy a direct stake in an East Siberian oil producer from OAO Rosneft, according to a person with direct knowledge of the matter.
Tendeka Bags Two Contracts In Russia
Tendeka has been awarded two significant contracts for the sand and inflow control technology in Russia.
Chevron Shale Exit Shreds Ukraine’s Hope Of Energy Independence
The second-largest U.S. energy producer will pull out of an agreement for exploring the Oleska field in western Ukraine, a government official said this week.
Ukraine Says Chevron May Exit Agreement To Extract Shale Gas
Chevron Corp. may pull out of a shale-gas project in western Ukraine, further frustrating the country’s efforts to cut its dependence on Russia.
Gazprom Picks Vietnam To Tap Russia’s Arctic Sea Oil Deposit
The oil arm of state-run Gazprom started exclusive talks with the Vietnamese producer on joint development of the Dolginskoye Field, which holds more than 200 million tons (about 1.5 Bbbl) of estimated reserves.
Russia Has No Plans Yet To Cut Oil Production
Output of 505 million metric tons is equivalent to about 10.1 MMbbl/d, while Saudi Arabia’s output last month was 9.75 MMbbl/d last month, according to Bloomberg estimates. Oil and gas account for more than half of Russia’s budget revenue.
Exxon Mobil Seeks Alternatives For Rig As Sanctions Close Off Russia
West Alpha could end up operating offshore Norway instead of going back to Russia in 2015, said Dominic Genetti, operations manager for Exxon Mobil in Norway.
Eni Signs Agreements For Turkmenistan Activity
Eni and Turkmenistan’s State Agency for Management and Use of Hydrocarbon Resources signed an addendum to a PSA for onshore activity and a memorandum for offshore activity.