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

IAGC appoints new president

09/19/2014 The board of the International Association of Geophysical Contractors has reported that Ken Wells has been named as the organization’s president.

MARKET WATCH: Crude oil futures down more than $1 in New York, London

09/19/2014 The New York Mercantile Exchange October crude oil contract lost $1.35 to $93.07/bbl on Sept. 18. The November contract declined $1.22 to $91.98/bbl.

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

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