Latest news
Total to invest in Arctic gas terminal production
The French super major Total and Russia will jointly participate in the construction of an Arctic Sea terminal in Russia’s Yamal Peninsula, an investment estimated at 38 billion of dollars.
read more... 22/07/2011
Rosneft is reviewing new partners for the Arctic deal
According to the Rosneft CEO, Eduard Khudainatov, Russia's top crude producer, Rosneft, decided to chose a new partner for the Arctic deal by the end of the year, following an earlier failure to secure the deal with the British giant, BP.
read more... 20/06/2011
Rosneft is looking for new partners
The Russian oil giant Rosneft announced on Wednesday that it will cease the cooperation with BP and will seek for other partners in exploring Arctic blocks, after the British company hesitated to honor its $16 billion share swap.
read more... 19/05/2011
TNK-BP plans to sue BP seeking $10 billion in damage
Russia's half of the TNK-BP joint venture intends to take proceedings against BP pretending the giant broke the joint venture's shareholder agreement. According to the sources close to TNK-BP, the company’s management will seek multibillion-dollar damage, equivalent to $10 billion, claiming it lost the opportunity to explore the Russian Arctic because of BP's actions.
read more... 13/04/2011
Ratification of the Russian-Norwegian border agreement
Russian President Dmitry Medvedev signed on April 8 the ratification of the agreement with Norway on Maritime Delimitation and Cooperation in the Barents Sea and the Arctic Ocean.
read more... 12/04/2011