OGJ Newsletter

09/05/2011
GENERAL INTEREST — Quick Takes ExxonMobil, Rosneft sign Arctic, Black Sea deal ExxonMobil Corp. and Russia's Rosneft have agreed to undertake joint exploration and development of hydrocarbon resources in Russia, the US, and elsewhere, as well as commence technology and expertise sharing activities. The partnership replaces a similar but differently structured alliance BP tried to forge with Rosneft. That effort collapsed earlier this year when BP's partners in the TNK-BP venture objected (OGJ Online, May 18, 2011). Rex Tillerson, ExxonMobil chairman and chief executive officer, said the large-scale partnership agreement would "open new horizons for cooperation between ExxonMobil and ...
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