Melissa's Feed
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.

Apr 4, 2012

Russia Energy Ministry outlines Arctic taxes-sources

MOSCOW, April 4 (Reuters) – Russia’s Energy Ministry has
outlined a new tax policy designed to attract tens of billions
of dollars of investment into promising but challenging new oil
provinces in Arctic offshore zones, government sources said on
Wednesday.

The world’s largest oil producer faces falling output in the
Soviet-era oil heartland of Western Siberia and will need to
open up its continental shelf to sustain output that, according
to some forecasts, would otherwise peak later this decade.

Mar 29, 2012

Norilsk sees average nickel prices near $20,000 per ton in 2012

MOSCOW (Reuters) – Global average nickel prices this year will be slightly less than $20,000 per metric ton, which is almost equal to the average level for the first quarter, Norilsk Nickel’s head of marketing Viktor Sprogis said at the Reuters┬áMining and Metals Summit.

“There is no reason to believe that the average price will go below these average levels significantly,” he said at the summit, held at the Reuters office in Moscow on Thursday.

Mar 29, 2012

Russia’s Severstal backs Keystone XL pipeline

MOSCOW (Reuters) – Russian steelmaker Severstal (CHMF.MM: Quote, Profile, Research, Stock Buzz) is well placed to benefit from the proposed Keystone XL oil pipeline that could boost demand for output from its U.S. mills, a senior executive said.

The U.S. Administration deferred the controversial $13 billion pipeline, which would deliver Canadian crude to the U.S. market, earlier this year.

Mar 29, 2012

Shtokman partners debate fate of giant gas project

MOSCOW, March 29 (Reuters) – The partners in a Gazprom-led
consortium to develop the giant offshore Shtokman gas
field, which still needs tax breaks to ensure it is profitable,
are likely to delay a final investment decision when they meet
later on Thursday.

A source close to the consortium said there was a “50-50
chance” the board could delay the final decision for a third
time in a year. If it is delayed, the next attempt is likely to
be set for June, the source added.

Mar 25, 2012

Shot Russian banker was due to give evidence – lawyer

MOSCOW (Reuters) – A Russian banker shot five times close to London’s financial district had been days away from giving evidence to an investigation into the attempted murder of a former business associate, his lawyer has said.

German Gorbuntsov, who at the height of his business empire owned four Russian banks, was walking towards his apartment block near the Canary Wharf banking district when a gunman opened fire on Tuesday evening, leaving him badly injured.