Monday, March 4, 2013

Exxon Brings Russia's Rosneft To Alaska

The Russian energy giant Rosneft (RNFTF.PK) and the world's biggest oil and gas firm Exxon Mobil (XOM) have signed another arctic exploration agreement through which Exxon Mobil will get an additional 234,000 square miles of oil and gas exploration in the Russian arctic, while a separate agreement gives the Russian firm a 25% stake in Point-Thomson natural gas field. The two agreements were signed in a high profile ceremony at Moscow between Stephen Greenlee, Exxon's President, and Igor Sechin, Rosneft's President in the presence of Russia's President Vladimir Putin. The new deals … read more