Rosneft, Marubeni sign agreement for joint oil, gas E&D

Rosneft and Marubeni Corp. signed a memorandum of cooperation covering possible joint oil and exploration and development as well as associated LNG project implement, the companies reported.

The companies envision joint studies regarding exploration and development of oil and gas assets already held by Rosneft. The memorandum also calls for the companies to consider cooperatively implementing an LNG project in the Russian Far East with gas marketing directed toward Japanese utilities.

In February, Rosneft Pres. and Chairman Igor Sechin met with executives from Marubeni and other companies from Japan and China to discuss establishing partnerships in Russian offshore Arctic projects and possibly future LNG projects (OGJ Online, Feb. 20, 2013).

“We are glad one of the leading Japanese companies has decided to join our plans,” Sechin said in an Apr. 17 statement. “Agreements reached today are aimed, among other things, at ensuring sales market in Japan, which will strengthen Rosneft positions at the promising Asia-Pacific market.”

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

MARKET WATCH: Front-month crude oil contract closes up, gas down on week

03/24/2014

The front-month crude oil contract ended the week higher Mar. 21 while natural gas futures prices edged slightly lower.

HSC remains closed, fuel cleanup continues after barge collision

03/24/2014 The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established...

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected