ExxonMobil and Rosneft tie up

ExxonMobil has joined up with Russian oil company Rosneft to share their technologies and expertise in exploring and developing oil and natural gas in Russia. The ‘Strategic Co-operation Agreement’ signed yesterday includes the management of an exploration programme in the Kara Sea and Black Sea, which is estimated to cost more than $3.2 billion (£2bn) […]

ExxonMobil and Rosneft break the ice on Arctic deal

ExxonMobil has snapped up a deal to explore the Arctic with Russian firm Rosneft. The firms signed over a $3.2 billion exploration programme planned for the Kara Sea and the Black Sea. Russian Prime Minister Vladimir Putin was present as Rosneft’s President and ExxonMobil Development’s President signed the deal. Rosneft will hold 66.7% interest in […]