Russia’s Rosneft and Japan’s Marubeni Corporation have signed a Memorandum of Co-operation for LNG (Liquefied Natural Gas) project implementation, as well as joint exploration and development of oil and gas fields.
As part of the memorandum the companies say they plan to consider possibilities for co-operation in implementing an LNG project in the Russian Far East, which includes engineering and construction of an LNG plant, financing, transportation of LNG including operation of tankers, supply of equipment and machineries, and marketing of LNG to Japanese utilities.
They also envisage joint studies for possible co-operation in exploration and development of oil and gas fields in Rosneft’s licenced areas, although no specific blocks or areas were outlined at this time.
Recommended Reading
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Tethys Oil Releases March Production Results
2024-04-17 - Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
2024-04-16 - Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.