NK Rosneft' OAO and Venezuelan Corporacion Venezolana del Petroleo Sign Joint Venture Agreement

NK Rosneft' OAO (Rosneft) announced that on May 23, an agreement to create a joint venture (JV) to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project was signed with the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA. Rosneft's stake in JV...

Thursday, 23 May 2013 08:00pm EDT

Fitch Revises BP Plc's Outlook To Stable; IDR Affirmed At 'A'-Reuters

Reuters reported that Fitch Ratings has revised the outlook on BP Plc's Long-term Issuer Default Rating (IDR) to Stable from Positive. Fitch is revising the outlook on BP's Long-term IDR to Stable from Positive because it believes that the likelihood the company will be able to settle all...

Wednesday, 22 May 2013 06:15am EDT

ANK Bashneft' OAO Plans to Maintain Oil Output at Current Level in Near-Term-Interfax

Interfax reported that ANK Bashneft' OAO (Bashneft) plans to maintain oil production at its fields at the current level in the next few years, the Russian oil company's President, Mr. Alexander Korsik said. The Company has raised production at old fields, and intends to maintain production at these...

Wednesday, 22 May 2013 03:01am EDT

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