Rosneft ups stake, takes over operatorship of Solimoes project

OAO Rosneft reported that the Brazilian government has approved a transaction that would give Rosneft an additional 6% in a joint venture in the Solimoes basin for $96 million. The transaction would give Rosneft 51% interest and operatorship in the JV.

Completion of the purchase from Brazilian independent HRT O&G is expected within 30 days of the July 9 approval by Brazil’s National Petroleum Agency (ANP).

The JV covers concession contracts BT-SOL-4 and BT-SOL-4A. HRT O&G will hold 49% interest (OGJ Online, Mar. 19, 2013).

Separately, Rosneft, HRT, and Petroleo Brasileiro SA (Petrobras) signed a memorandum of understanding to study “development schemes” for joint monetization of gas in the Solimoes basin.

Related Articles

Simonette gas plant upset led to Alliance mainline closure, Keyera says

08/07/2015 Complications resulting from an operational upset at Keyera Corp.’s Simonette gas plant, located 57 miles southwest of Valleyview, Alta., have caus...

Senate confirms Dominguez as PHMSA’s administrator

08/07/2015 The US Senate confirmed Marie Therese Dominguez’s appointment as administrator of the US Pipeline and Hazardous Materials Administration by unanimo...

EIA: US refinery inputs hit record high

08/07/2015 Gross inputs to US refineries exceeded 17 million b/d in each of the past 4 weeks, according to the US Energy Information Administration. That's a ...

Moody’s trims crude oil price assumptions

08/07/2015 Crude oil prices will be mostly unchanged in the second half of 2015 and rise slowly in 2016, Moody’s Investors Service said while trimming its exp...

BHI: Boosted by another gain in oil rigs, total US rig count rises 10 units

08/07/2015 The overall US drilling rig count gained 10 units during the week ended Aug. 7 to reach a total of 884 rigs working, according to data from Baker H...

Alliance Pipeline shuts down mainline system

08/07/2015 Alliance Pipeline LP of Calgary said it shut down its 1.6 bcfd mainline system in Western Canada late Aug. 6 because of a release of hydrogen sulfi...

Tax scheme, weak ruble help Russian majors

08/07/2015 Tax mechanisms and a weak ruble helped Russia’s major oil companies maintain and in some cases improve ruble-denominated profitability in the first...

Yankowsky named executive VP, COO of Magnum Hunter

08/07/2015 Magnum Hunter Resources Corp. has appointed Keith Yankowsky as executive vice-president and chief operating officer, effective Sept. 1. He wil...

Lukoil gets $1 billion in financing for Shah Deniz in Azerbaijan

08/07/2015 JSC Lukoil has signed an agreement with a consortium of banks to borrow $1 billion for the second stage of the Shah Deniz natural gas project offsh...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts

Operating a Sustainable Oil & Gas Supply Chain in North America

When Tue, Oct 20, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.


On Demand

Leveraging technology to improve safety & reliability

Tue, Sep 22, 2015

Attend this informative webinar to learn more about how to leverage technology to meet the new OSHA standards and protect your employees from the hazards of arc flash explosions.


The Resilient Oilfield in the Internet of Things World

Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.


Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors


Emerson Micro Motion Videos

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