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Apr 26, 2012

JP Morgan Russia head to retire, deputy steps up

MOSCOW, April 26 (Reuters) – JP Morgan’s Russia head
Jeff Costello is to retire and deputy CEO and head of
investment banking, Yan Tavrovsky, will replace him, the bank
said on Thursday.

Tavrovsky rejoined JP Morgan in 2010 from Morgan Stanley
. He had previously worked at JP Morgan in Moscow and
London from 2000 to 2005.

Apr 25, 2012

Eni and Rosneft team up in Russian Arctic

MOSCOW (Reuters) – Rosneft (ROSN.MM: Quote, Profile, Research, Stock Buzz) and Eni (ENI.MI: Quote, Profile, Research, Stock Buzz) signed an agreement on Wednesday in the presence of Russian Prime Minister Vladimir Putin to jointly tap fields in Russia’s Barents and Black Sea zones, in Rosneft’s second Arctic deal in two weeks.

The deal may not yield commercial oil production for years, but for Eni it secures a foothold in an untapped and strategically important new province, and for Russia, it brings in the capital needed for long-term projects to keep its oil flowing.

Apr 25, 2012

Exclusive: Eni and Rosneft to team up in Russian Arctic

MOSCOW (Reuters) – Italy’s Eni (ENI.MI: Quote, Profile, Research, Stock Buzz) and Rosneft (ROSN.MM: Quote, Profile, Research, Stock Buzz) are expected to agree on Wednesday to search for oil and gas in the Russian Arctic, in Russia’s second major offshore deal in two weeks after U.S. ExxonMobil (XOM.N: Quote, Profile, Research, Stock Buzz) joined forces with the state oil firm.

Under the pact, to be signed in the presence of prime minister and president-elect, Vladimir Putin, Eni will also work with Rosneft to develop acreage in the Black Sea that U.S. Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) had abandoned.

Apr 25, 2012

Exclusive – Eni and Rosneft to team up in Russian Arctic – sources

MOSCOW (Reuters) – Italy’s Eni (ENI.MI: Quote, Profile, Research) and Rosneft (ROSN.MM: Quote, Profile, Research) are expected to agree on Wednesday to search for oil and gas in the Russian Arctic, Russia’s second major exploration deal in two weeks after U.S. ExxonMobil (XOM.N: Quote, Profile, Research) partnered with the state oil firm.

Under the pact, expected to be signed in the presence of Russia’s prime minister and president-elect, Vladimir Putin, Eni would also work with Rosneft to develop acreage in the Black Sea that U.S. Chevron Corp (CVX.N: Quote, Profile, Research) had abandoned.

Apr 23, 2012

Exclusive – Shtokman gas partners to unveil revamp plan in June

MOSCOW (Reuters) – Russia’s Gazprom (GAZP.MM: Quote, Profile, Research) and its partners will try to revitalise plans to develop one of the world’s largest gas finds with the unveiling in June of a new scheme that is likely to see the Arctic giant’s riches shipped abroad as super-cooled liquefied gas.

Sources in the Russian government, gas industry and the consortium formed to develop the Shtokman field said the partners will likely abandon plans to pipe half the gas to Europe and instead sell LNG to a wider global market in the radical revamp of the project.

Apr 23, 2012

Shtokman gas partners to unveil revamp plan in June

MOSCOW (Reuters) – Russia’s Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) and its partners will try to revitalize plans to develop one of the world’s largest gas finds with the unveiling in June of a new scheme that is likely to see the Arctic giant’s riches shipped abroad as super-cooled liquefied gas.

Sources in the Russian government, gas industry and the consortium formed to develop the Shtokman field said the partners will likely abandon plans to pipe half the gas to Europe and instead sell LNG to a wider global market in the radical revamp of the project.

Apr 20, 2012

Eni starts gas production in western Siberia

SAMBURG FIELD, Russia, April 20 (Reuters) – Italy’s oil and
gas major Eni and its partners have started gas
production at the Samburg field in Russia’s western Siberia as
the group aims to boost its clout in the largest natural gas
producing region in the world.

The initial gas and liquids output of the Samburg field,
operated by Severenergia, is seen at 43,000 barrels of oil
equivalent per day (boepd), with Eni’s share at 14,000 boepd.

Apr 13, 2012

Rosneft gains American know-how in Exxon deal

MOSCOW/LONDON, April 13 (Reuters) – Russian state oil firm
Rosneft will gain know-how for developing
hard-to-produce reserves along with stakes in North American
projects when it finalises a joint venture with Exxon Mobil Corp
on Monday, industry sources said.

Rosneft was offered a role in seven projects under its
landmark deal last year with the biggest U.S. oil company, which
could open up 36 billion barrels of oil in the Arctic offshore
and help keep Russia’s place as the world’s top producer.

Apr 13, 2012

Rosneft wins American access in Exxon deal

MOSCOW/LONDON (Reuters) – Russian state oil firm Rosneft (ROSN.MM: Quote, Profile, Research, Stock Buzz) will gain access to North American energy sources and know-how for developing hard-to-produce reserves when it finalizes a joint venture with Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) on Monday, industry sources said.

Rosneft was offered a role in seven projects under its landmark deal last year with the biggest U.S. oil company, which could open up 36 billion barrels of oil in the Arctic offshore and help keep Russia’s place as the world’s top producer.

Apr 13, 2012

Exxon, Rosneft to formalise JV

MOSCOW/LONDON, April 13 (Reuters) – Russian state oil firm
Rosneft will gain access to hard-to-recover
hydrocarbon resources in North America in exchange for access to
Russia’s Arctic offshore when it finalises a joint venture deal
with ExxonMobil on Monday, industry sources said on
Friday.

Russia’s oil tsar, Deputy Prime Minister Igor Sechin, will
present the project to analysts with the head of ExxonMobil, Rex
Tillerson, and the head of Rosneft, Eduard Khudainatov, on
Wednesday in New York, according to a copy of the invitation.