Rosneft buys oil stake in Gulf of Mexico

Russian oil and gas company Rosneft has bought a stake in the Gulf of Mexico, taking a┬áthird (30%) of ExxonMobil’s 20 deepwater exploration blocks. Under the agreement, ExxonMobil will keep a 70% stake in each block and remain the main operator and Rosneft’s subsidiary Neftegaz America Shelf will own the rest. Igor I. Sechin, President […]