Statoil may be given Shtockman rights

Energy Trade

Norwegian Statoil may be given a 10% share in the development of the large Russian gas field Shtockman in the Barents Sea, according to sources in the  Russian company Gazprom, quoted by the financial newspaper Vedomosti.

The paper also indicates the the US company ConocoPhillips may be allotted a 14% share in the development. Gazprom, however,  has refused to comment the report. Hydro CEO Eivind Reiten confirms to NRK that their dialogue with Gazprom is continuing, but does not want to give details.

Earlier this summer Gazprom announced that French Total would control 25% of the new company that will own the Shtokman field infrastructure. Gazprom will control 51%. That leaves 24%, which it said could be granted to other partners. The Shtokman is considered one of the world’s largest gas fields, with estimated reserves of more than 3.7 trillion cubic meters of gas. (norwaypost.no)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.