Rosneft buys control of Itera Oil & Gas

Rosneft has taken 100% control of Itera Oil & Gas Co. LLC with the $2.9 billion purchase of 49% of the company from Itera Holdings Ltd.

Rosneft said consolidation of Itera Oil & Gas, a joint venture it formed last year with the Itera group, will enable it to accelerate development of the Kynsko-Chaselsk group of fields in the Krasnoselkupsk region of the Yamalo-Nenets Automous District (OGJ Online, Aug. 6, 2012).

“It forms a stable platform for consistent implementation of Rosneft’s gas strategy aimed at gas production increase to 100 billion cu m/year and transformation of Rosneft into the largest independent gas producer in the Russian Federation,” a Rosneft press statement said.

Related Articles

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...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

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