OSLO/MOSCOW — Russia’s Rosneft and Norway’s Equinor have agreed details on how to develop an Arctic Siberian onshore oilfield, they said on Monday, their first joint investment since agreeing a strategic partnership in 2012.
The firms expect to extract about 250 million barrels of oil and 23 billion cubic meters of gas in the first stage of developing the Severo-Komsomolskoye oilfield, Equinor said, without giving a value for the investment.
Rosneft has a 66.67% stake and Equinor holds the remaining shares in SevKomNeftegaz, which owns the license.
Rosneft and Equinor, formerly known as Statoil, initially agreed to develop an onshore North Komsomolskoye oilfield in 2013, before Western sanctions were imposed on Rosneft in 2014 because of Moscow’s role in the Ukraine crisis.
Sanctions ban western companies from assisting Rosneft in exploring deepwater and Arctic offshore fields or helping Rosneft extract shale oil. They also limit Rosneft’s ability to raise long-term financing in Western markets.
Rosneft said in 2015 that the North Komsomolskoye field has “complex geology associated with an oil rim of highly viscous oil,” describing the resources as “difficult-to-extract.”
Viscous oil is heavy oil, which does not easily flow through production equipment as well as light crude. Heavy oil also tends to be responsible for more greenhouse gas emissions than light crude as it requires more energy to produce.
Equinor CEO Eldar Saetre said in 2017 that the company would no longer explore for heavy oil, but its spokesman told Reuters in November it might still develop the heavy oil assets it already had in its portfolio, such as North-Komsomolskoye. (Additional reporting by Nerijus Adomaitis in Oslo; Editing by Edmund Blair)
How To Invest Money To Secure Your Family’s Future – The Seeker Newsmagazine Cornwall
When it comes to investing, there are a lot of things to consider. How much money should you invest? What types of investments are best for you? And most importantly, how can you ensure that your investment will secure the future of your family? This blog post will discuss some tips for investing money in a way that will benefit your loved ones for years to come.
Research your options
One of the primary things you should do when you’re thinking about investing is to research your options. There are a lot of different ways to invest money, and it’s important to find the option that best suits your needs. You should consider things like how much risk you’re willing to take on, what types of investments you’re interested in, and what your long-term goals are. In this case, you can even consider a green bonds sustainable investmentoption which is a great way to invest in something that will have a positive impact on the environment. Otherwise, you can also think about investing in real estate, stocks, or mutual funds. Once you have a good understanding of your options, you’ll be able to make a more informed decision about how to invest your money.
Create a plan and stick to it
Once you’ve decided how you want to invest your money, it’s important to create a plan and stick to it. This means setting aside a certain amount of money each month that you’ll use for investing purposes. For instance, you might decide to invest $200 per month into a mutual fund. Once you have this plan in place, it will be easier to stick to it and make sure that you’re investing regularly. This is important because the more money you can invest over time, the more likely it is that your investment will grow.
It’s also important that you have a timeline in mind for your investments. For example, if you’re investing for retirement, you’ll want to make sure that your investment will be able to grow over time. On the other hand, if you’re investing to fund your child’s education, you’ll want to choose an investment that will be able to provide the money when it’s needed. Regardless of your timeline, it’s important to create a plan and stick to it to reach your investment goals.
Diversify your investments
When you’re investing money, it’s important to diversify your investments. This means putting your money into different types of investments to reduce the risk. For example, you might invest in stocks, bonds, and mutual funds. Stocks tend to be more volatile, but they also have the potential to provide higher returns. Bonds are a bit more stable, but they usually provide lower returns. Mutual funds are a mix of different types of investments, so they offer both stability and growth potential.
By diversifying your investments, you’ll be able to protect your money in case one type of investment fails. This is especially important when you’re investing for the long-term since it can help you weather any market downturns. For example, if the stock market crashes, your bonds will still be there to provide some stability. Meanwhile, if the bond market crashes, your stocks will still be there to provide growth potential. The key is to have a mix of different types of investments so that you’re not putting all your eggs in one basket. From there, you can adjust your investments as needed to make sure that you’re still on track to reach your goals.
Monitor your investments
As soon as you’ve made your investment, it’s important to monitor it closely. This means keeping an eye on the performance of your investment and making sure that it’s meeting your expectations. If you’re not happy with the way your investment is performing, you can always sell it and invest the money elsewhere. In this case, you can even consider a Robo-advisor which can help you manage your investments and make sure that they’re performing well. However, if you’re investing for the long-term, you’ll need to be patient and ride out any market fluctuations.
By following these tips, you can invest money in a way that will secure the future of your family. By doing your research, creating a plan, and diversifying your investments, you can make sure that your money is working hard for you. And by monitoring your investments closely, you can make sure that they’re meeting your needs. By following these tips, you can make sure that your family’s financial future is secure.
As of Aug. 9, Tesla shares were valued at about $850 each at the close of trading. That price has fallen by a little over 9% since the close of trading on Aug. 4, when shares were $938 each, according to CNBC tracking.
As for how shareholders would fare longer-term, if you had invested $1,000 in Tesla one year ago, on Aug. 11, 2021, your investment would be up by about 23%, according to CNBC calculations, for a value of around $1,230, as of Aug. 10, 2022.
If you had invested $1,000 five years ago, on Aug. 11, 2017, your investment would be worth around $12,160.
And if you had invested $1,000 on Aug. 11, 2012 and given your investment a decade to grow, you’d have around $145,341 as of Aug. 10, 2022.
Musk’s latest sale comes despite his announcement earlier this year that there were “no further TSLA sales planned” after he sold about $8.4 billion worth of his company shares in April.
So what’s behind this latest move? The billionaire says it’s due to his ongoing legal battle with Twitter.
“In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk tweeted, after replying yes to a question about if he was done selling shares.
Back in April, Musk announced his intention to buy the social media giant for $44 billion or about $54.20 per share. As of Aug. 10, Twitter shares were valued at about $44 each at the close of trading. A share of Twitter stock was valued at about $45 on April 14th when Musk made his announcement.
By July, however, the SpaceX CEO told Twitter that he wanted to cancel the deal. In a letter to the company, Musk’s lawyers claimed that Twitter failed to provide “information that would allow him ‘to make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform.'”
Twitter called Musk’s attempt to bail out of the deal a “model of hypocrisy” and said his claims “lack any merit,” according to a legal complaint filed by the company.
Although Musk is now pushing for a public debate with Twitter CEO Parag Agrawal, the head of the microblogging site said he plans to let the courts decide the fate of this deal, with a trial set to begin in October.
When it comes to the stock market, be sure to do your research before investing and remember that a stock’s past performance can’t be used to predict future earnings. An alternative option to investing in individual stocks is to invest in the S&P 500, a stock market index that tracks the stock performance of 500 large U.S. companies.
Although the S&P 500 shrank by nearly 6% compared to this same time period last year, the index has grown by 71.94% over the past five years and 198.58% over the past decade, according to CNBC calculations.
TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.
CPPIB ended the quarter with net assets of $523 billion, compared to $539 billion at the end of the previous quarter.
The board says the $16 billion decrease in net assets for the quarter consisted of a net loss of $23 billion and $7 billion in net transfers from the Canada Pension Plan.
The board says the fund’s quarterly results were driven by losses in public equity strategies, due to the broad decline in global equity markets.
It also says investments in private equity, credit and real estate contributed modestly to the losses this quarter.
CPPIB CEO John Graham says he expects “turbulence” in the business and investment environment to persist throughout the fiscal year.
This report by The Canadian Press was first published Aug.11, 2022.
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