Posts Tagged ‘TNK-BP’

Rosneft goes global

Rosneft’s Neftegaz signed farm-in agreement with ExxonMobil in Gulf of Mexico deepwater The first week of March gave the opportunity to Rosneft to unveil its objective to go global in multiplying strategic partnerships with leading companies such as ExxonMobil. On March 6th 2013, Rosneft‘s subsidiary Neftegaz America Shelf LP (Nefetgaz) signed […]

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Shell to break Gazprom gas monopoly in Ukraine

Shell and Ukraine signed $10 billion deal in Davos Shell‘s Chief Executive Officer, Peter Voser, and Ukraine’s President Viktor Yanukovich took the opportunity of the World Economic Forum in Davos to sign a $10 billion agreement to develop shale gas resources in Ukraine. Last May 2012, Ukraine had selected two […]

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BP to increase capital expenditure to $27 billion annually by 2020

BP to focus on crude oil Exploration & Production  UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is […]

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One Day – One Country: Russia

Russia Key Projects and Business Highlights  In 2012, the newly elected President Putin managed to re-shape its oil and gas and petrochemical industry with number of strategic decisions to ensure that Russia will remain the largest producer of oil and gas in the coming years. President Putin based its economic program […]

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Sibur and Solvay to create joint venture in Russia

Solvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals.  According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. […]

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Sibur in brief

Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. […]

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Schlumberger and TNK-BP team up in Russia tight oil pilot project

Schlumberger to deploy horizontal drilling in Russia TNK-BP from Russia and the French-American oil field service company Schlumberger signed a cooperation agreement to develop solutions for hard-to-recover oil and gas reserves. To implement this agreement, TNK-BP and Schlumberger selected the Severo-Khokhryakovskoe field in Western Siberia. The purpose of this agreement is […]

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Rosneft closes deal with BP and AAR over TNK-BP

Rosneft to buy TNK-BP from BP and AAR for $55 billion On Monday 22nd, 2012, Rosneft makes double win over the TNK-BP internal disputes between its key stakeholders BP and Alfa-Access-Renova (AAR) in closing deal with both parties to take over their respective 50% shares. On Monday morning BP and […]

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TNK-BP in brief

Among world top ten privately owned oil producers   Headquartered in Moscow, Russia, TNK-BP was established in 2003 from the merger between BP Russia oil and gas assets and the local consortium Alfa-Access-Renova (AAR). Created on a balanced base, BP and AAR‘s stakeholders agreed to own 50% each of the […]

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Gazprom and Rosneft extract first oil from PetroMiranda Junin-6

PDVSA and Russians to pump $25 billion in Orinoco In September 2012, the national oil company Petroleos De Venezuela SA (PDVSA) and a Russian National Petroleum Consortium LLP (NPC) made of Gazprom, Rosneft, Lukoil, TNK-BP and Surgutneftegas, inaugurated PetroMiranda first oil in the Venezuela Orinoco. PetroMiranda is a joint venture […]

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