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Rosneft, Statoil Agree On JV To Develop Russia Arctic -Sources

MOSCOW -(Dow Jones)- Russian state oil company OAO Rosneft (ROSN.RS) and Norway's Statoil ASA (STO, STL.OS) have agreed to form a joint venture to develop Russia's mostly untapped offshore energy resources in the Arctic and are expected to sign the deal later Saturday, two people familiar with the matter told Dow Jones Newswires. The deal is expected to be structured similar to the ones Rosneft signed in April with Exxon Mobil Corp. (XOM) and Italy's Eni SpA (E, ENI.MI) and follows Russia's approval of long-awaited tax breaks for the potentially rich offshore fields. Russia is willing to give a prominent role to foreign companies willing to develop the shelf, Russia's energy czar, deputy Prime Minister Igor Sechin, said April 16, following the deal with Exxon. An industry source said the role of Sechin, who is expected not to join the new Russian government to be announced in the following days, was prominent at all the three deals. Rosneft declined to comment. Statoil wasn't available for comment. -By Alexander Kolyandr, Dow Jones Newswires; +7 495 232-9192 alexander.kolyandr@dowjones.com

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/24/201615:46:56Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/23/201603:03:00Exxon Faces a Proxy-Access Vote -- WSJ
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/21/201606:00:00Exxon Faces Proxy Access Showdown, Again
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201623:40:00Oil Search in $2.2 Billion Deal to Buy InterOil
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/17/201612:30:00Plains All American, Employee Face Charges in Spill
05/16/201610:17:10Additional Proxy Soliciting Materials (definitive) (defa14a)
05/13/201621:07:00Howard Kauffmann Was Exxon President During Uproar Over Oil Prices
05/13/201609:30:00Exxon Mobil Says Nigerian Exports Hit After Pipeline Damage
05/13/201609:20:00Exxon Says Nigerian Exports Hit After Pipeline Damage
05/13/201606:16:35Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/12/201614:34:36Additional Proxy Soliciting Materials (definitive) (defa14a)
05/12/201610:46:00ExxonMobil Settles Negligence Lawsuits Over Deadly Texas Refinery...
05/11/201616:46:10Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/11/201615:14:53Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/11/201611:28:00Exxon Says Worker Killed at Beaumont, Texas, Refinery
05/11/201610:00:00Media Advisory: ExxonMobil Annual Meeting of Shareholders Wednesday...

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