Royal Dutch Shell PLC… declined to comment on the Exxon-Rosneft deal and had no update on the status of Shell’s talks with Rosneft. Shell CEO Peter Voser said in July that his company was in early-stage talks with Rosneft over Arctic exploration opportunities.
Exxon, Rosneft Sign Global Pact To Jointly Drill For Oil
By William Mauldin and Isabel Ordonez of DOW JONES NEWSWIRES
MOSCOW -(Dow Jones)- Exxon Mobil Corp. (XOM) and Russia’s OAO Rosneft (ROSN.RS) Tuesday announced a global partnership that would grant the Texas oil giant more access to Russia’s vast oil riches and provide Rosneft a piece of the red-hot U.S. oilpatch.
The deal, which includes $3.2 billion in exploration offshore of Russia, marks Russia’s most decisive step forward to attract international oil heavyweights since the demise of a similar venture between Rosneft and BP PLC (BP, BP.LN).