BP and Russia Sign Arctic Oil Deal

Monday, January 17, 2011

According to a Jan. 15 report from Aljazeera, BP has signed a joint venture with Russia's state-controlled energy giant Rosneft to explore for offshore oil and gas and in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian companies. The British energy giant will swap five per cent of its shares, valued at $7.8b, for 9.5 percent of Rosneft in an agreement that immediately raised concerns about U.S. economic security from U.S. politicians and criticism from environmentalists.

(Source: Aljazeera)

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Bergen Group Cancels Rig Facilities Sale

The Bergen Group has decided to terminate a sales agreement that would see Semco Maritime acquire its rig service yard facilities at Hanøytangen. The real estate

OTC 2015: ABS Addresses Improved Jackup Safety

Multi-pronged program promotes safe jackup operations.   ABS, a leading provider of maritime and offshore classification services, is investing in research and

Lamprell Delivers Rig to National Drilling Co.

Lamprell announced the construction of the jackup drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC) safely and within budget.

News

Baltic Military Shadow-boxing Said to Reach Cold War Levels

A daily game of Cold War cat-and-mouse is ratcheting up tensions in the Baltic and drawing the biggest military presence into the region for over 20 years, Swedish military officials say.

Recent Vessel Sales: April 2015

Vessel sales for April 2015 - (as of May 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price

AAPA Supports 'Move America Act'

'Move America Act of 2015' would help fund landside improvements to U.S. ports -APPA   The American Association of Port Authorities (AAPA)—the unified and recognized

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1120 sec (9 req/sec)