Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  NK Rosneft' PAO    ROSN   RU000A0J2Q06

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Statoil May Leave Shtokman, May Be Replaced By Shell -Paper

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/25/2012 | 07:22am CEST

Norway's Statoil ASA (STO) may leave the international consortium that is to develop the Shtokman liquefied natural gas offshore project in the Russian Barents Sea and may be replaced by Royal Dutch Shell PLC (RDSA), Kommersant daily reports Friday citing unnamed sources.

Russian gas giant OAO Gazprom (>> Gazprom OAO) owns 51% of the Shtokman gas field, Total SA (TOT) of France owns 25% and Statoil owns 24%.

The project has suffered a number of delays on the investment decision recently.

A Gazprom official said Wednesday the company may review the list of participants in its project to develop the Shtokman field next month. According to Kommersant the changes may be announced at the St. Petersburg economic forum in late June.

If Statoil leaves the project, it would still have a foothold in Russia. The company agreed May 5 to form a joint venture with Russia's state-controlled oil company OAO Rosneft (>> Rosneft' NK OAO) to develop Russia's mostly untapped offshore energy resources in the Arctic.

Gazprom and Shtokman declined to comment.

A Statoil spokesman also declined to comment but said the company "supports Gazprom, and there was agreement in the previous board meeting to move on with the project to make it profitable."

-By Alexander Kolyandr, Dow Jones Newswires; alexander.kolyandr@dowjones.com (Kjetil Malkenes Hovland in Oslo contributed to the report)

Stocks mentioned in the article : Rosneft' NK OAO, Gazprom OAO
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NK ROSNEFT' PAO
03/16 CHEVRON : Exclusive - Venezuela's cash-strapped PDVSA offers Rosneft oil stake -..
03/13 NK ROSNEFT' : Russian oil major says U.S. shale growth imperils OPEC deal
03/10 NK ROSNEFT' : Rosneft Increases Petroleum Product Supplies to Turkey
03/01 NK ROSNEFT' : New Mi-171 helicopters start to transport shift teams to the field..
02/27 BANK VTB : Russia's VTB plans to slim down in Europe, keep London as hub
02/22 NK ROSNEFT' : Taas-Yuryakh Neftegazodobycha increased production by 18.9% in 201..
02/22DJNK ROSNEFT' : Rosneft 4Q Profit Jumps on Quarter as Oil Prices Rise
02/22 NK ROSNEFT' : Financial results for Q4 and 12M 2016*
02/21 NK ROSNEFT' : Rosneft will report its Q4, 12M 2016 consolidated IFRS financial r..
02/21 NK ROSNEFT' : Rosneft and the Kurdistan Regional Government of Iraq Signed an Of..
More news
Sector news : Integrated Oil & Gas
03/24 EU stalls Russian gas pipeline, but probably won't stop it
03/23DJENI : Italy's Eni Strikes Oil Off Mexican Shores
03/23 Statoil wins licences off UK, 'resets' exploration off U.S
03/23 BP : Britain awards 25 oil exploration licences in frontier tender
03/23 SSE increases stake in UK Dogger Bank offshore wind development
More sector news : Integrated Oil & Gas
News from SeekingAlpha
03/22 REUTERS : Venezuela orders Orinoco production cuts to meet OPEC pledges
03/17 REUTERS : Venezuela?s PDVSA offers Rosneft oil stake
03/13 Rosneft sees risk that global oil price warns will resume
03/10 THE MARKET IS MISPRICING BP : Why I Am Buying Weakness
02/28 REUTERS : Iraq's Kurdistan negotiates $3B oil pre-payment deals
Advertisement
Financials ($)
Sales 2017 102 176 M
EBIT 2017 15 287 M
Net income 2017 8 067 M
Debt 2017 44 019 M
Yield 2017 3,59%
P/E ratio 2017 6,92
P/E ratio 2018 5,58
EV / Sales 2017 1,01x
EV / Sales 2018 0,91x
Capitalization 58 747 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 6,49 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Igor Ivanovich Sechin Chairman-Management Board & Vice Chairman
Andrey Removich Belousov Chairman
Petr Ivanovich Lazarev Finance Director
Valeriy Vladimirovich Nikitin Director-Information Technology
Artur Matthias Warnig Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NK ROSNEFT' PAO58 747
PETROCHINA COMPANY LIM..0.13%203 046
TOTAL-5.15%122 224
ENI SPA-3.75%58 807
PETROLEO BRASILEIRO SA..-9.35%58 302
STATOIL ASA-8.59%55 064
More Results