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Bowleven will reduce its interest in the Etinde permit from 75% to 25% and receive aggregate consideration of approximately $250 million (subject to final working capital adjustment) comprising: $170 million cash payment at completion; $40 million staged deferred cash payment due at Etinde development project FID and on completion of appraisal drilling; and $40 million (net) carry for two appraisal wells.
Rosneft and ExxonMobil, within the framework of the Sakhalin-1 Consortium, have finished transport operation on transportation and installation of a unique sea drilling platform Berkut, which has the biggest upper part in the world at Arkutun-Dagi on North East shelf of Sakhalin Island. The adjustment works will be finished in a matter of days. The upper part of the platform has travelled in hauling mode 2600 km approximately from Corean shipyard with no incidents to report
“Gazprom Neft” and subsidiaries of the company - the operators of offshore projects "Gazpromneft-Sakhalin" and "Gazprom Neft Shelf" will participate in the business and exhibition program of the Offshore Marintec Russia.
Russia will apply to the United Nations next year to affirm borders of its economic zone in the Arctic, Natural Resources and Environment Minister Sergei Donskoy said on Wednesday.
We remind you that early bird rates will expire on 1 June 2014. Hurry up to register in the Conference Offshore Marintec Russia before 31 May 2014!
German multinational engineering and electronics conglomerate company Siemens will be a sponsor of the Conference and Exhibition on Shipbuilding and development of high-tech equipment for the development of the continental shelf Offshore Marintec Russia.
Baltiysky Shipyard in St. Petersburg will build all three of Russia’s new nuclear-powered icebreakers.
The world’s leading classification society and a recognized advisor for the maritime industry - DNV GL - will be an official sponsor of the Conference and Exhibition on Shipbuilding and development of high-tech equipment for the development of the continental shelf Offshore Marintec Russia.
A chief of marine machinery for oil and gas and commercial shipbuilding of JSCo «PO «Sevmash» Valery Borodin will participate in the meeting of the Organizing Committee of the International Conference and Exhibition on Shipbuilding and development of high-tech equipment for the development of the continental shelf Offshore Marintec Russia.
The companies have signed a number of agreements for construction and long-term operation of the vessels for Sakhalin-2 project
Arctech Helsinki Shipyard has been awarded a contract to build an icebreaking supply vessel for the Russia´s largest shipping company Sovcomflot.
Russia's oil and gas monopoly Gazprom has disclosed the brand name by which crude oil, produced at the Prirazlomnaya rig inside the Arctic circle, will be known in the world markets.
The initial total amount of recoverable resources in the Russian Arctic is estimated at 106 billion tonnes of oil equivalent, including 69.5 trillion cubic meters of gas, Russian Gas Society President Pavel Zavalny said.
Russia’s state-owned oil giant Rosneft intends to start drilling in the Kara Sea in August 2014, the company’s Vice President for Energy Assets, Industrial Safety, and Environmental Affairs Andrei Shishkin, said at the Russian Arctic Oil and Gas conference.
Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group.
An updated list of members of the Organizing, Program and Executive Committees of Offshore Marintec Russia has been already posted on the site.
"Gazprom" will be the general sponsor of the Conference and Exhibition Offshore Marintec Russia 2014.
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Joe Kaeser, President and CEO of Siemens.