Post Tagged with: "Rosneft"

Source: Bloomberg

Exxon to hand Russian oil-project stake to Rosneft, partners

World Oil

Source: Reuters

Exxon faces new pressure over dealings with Russia’s Rosneft

Yahoo Finance

HOUSTON – Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.

Russia’s attack on Ukraine has unleashed broad economic and political …

February 28, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: World Oil

Rosneft says OPEC under-investment could lead to $120 oil in 2022

World Oil

MOSCOW (Bloomberg) – Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and sanctions, according to a Rosneft …

Source: Reuters

Rosneft begins hunt for contractors for massive Vostok Oil project


MOSCOW – Rosneft has kicked off meetings with foreign contractors and suppliers for its massive Vostok Oil project, the Russian energy producer said on Monday.

It aims to begin shipping oil from the planned project in 2024 via the …

Source: Reuters

Equinor buys 49% stake in Russian oil venture from Rosneft


OSLO – Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, the Norwegian oil company said on Friday.

The payment is for a stake in limited liability company LLC KrasGeoNaC …

December 11, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Rosneft plans to sell depleted oil fields in Russia: analysts


MOSCOW – Russia’s largest oil producing company Rosneft plans to sell some old underperforming oil fields, mostly to local companies, at least two Moscow-based brokerages said on Tuesday following a conference call with Rosneft’s management.

Sova Capital brokerage said …

Source: Reuters

Rosneft swings to third-quarter net loss, buyback extension supports shares


MOSCOW – Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft ROSN.MM to a third-quarter net loss of 64 billion roubles ($827 million) from net income of 43 billion roubles in the previous quarter, the …

November 13, 2020 - 12:00 pm Closing Bell Story‎, Company Earnings, Energy News
Source: Reuters

IEA calls for ‘dramatic’ scaling up of clean energy tech to meet climate goals


MOSCOW – Russia’s largest oil producer, Rosneft, said on Thursday it had started to drill an exploration well at a hard-to-recover oil project, its first without any partners.

Russia plans to develop hard-to-recover oil and shale but is hampered …

Source: Reuters

Exclusive: Russia’s Rosneft to buy a drilling business from IDS: letter


MOSCOW – Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.

The letter …

Source: Reuters

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions


Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.

The United States had imposed sanctions on Venezuela’s state-owned oil company as …

Source: Reuters

Exxon pursues cost cuts at Russia’s Sakhalin-1 project


MOSCOW – Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus …

Source: Reuters

India’s Reliance says purchases of Venezuelan oil have been approved by the U.S.


NEW DELHI – India’s refining firm Reliance Industries (RELI.NS) on Thursday said its purchases of Venezuelan crude have been reported and approved by the U.S. government after American officials warned oil firms about their activity in Venezuela …

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

From Reuters

Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy.

The move comes days after BP said it would …

Rosneft and Kurdistan Deals Halted by Iraqi Government

Rosneft and Kurdistan Deals Halted by Iraqi Government

From Kurdistan 24

Authorities in Iraq have not yet resolved a dispute regarding agreements signed by Russian energy giants Rosneft and the Kurdistan Regional Government (KRG) for assets in the region, Iraqi Ambassador to Russia Haidar Mansour Hadi said earlier …

June 1, 2018 - 2:50 pm Closing Bell Story‎, Energy News
Source: Rosneft

BP and Rosneft Expand Natural Gas Cooperation

A new MoU between BP and Rosneft will see more Russian natural gas flowing to Europe

BP (ticker: BP) and Russian oil giant Rosneft signed a Memorandum of Understanding (MoU) in St. Petersburg Friday to bring a new stream of …

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

PDVSA may transfer 49.9% claim as part of  debt settlement

Russian state-owned oil giant Rosneft may end up owning U.S. downstream operator CITGO if Venezuela’s state-owned PDVSA is unable to pay back dues on a $1.5 billion loan from the …

Source: Novatek

Russia Signs 23 Energy Agreements with Japan

Russia and Japan ink 23 energy-related agreements including offshore and LNG

Russia and Japan deepened ties between the neighboring countries over the weekend as Russian President Vladimir Putin visited Japanese Prime Minister Shinzo Abe in Japan.

The talks were set …

Source: Rosneft

Russia Sells 19.5% Stake in Rosneft to Glencore for $11.3 Billion

Rosneft sale relieves budget pressures

Russia has sold a 19.5% stake in Rosneft, the world’s largest-listed oil company and a state-controlled asset, for €10.5 billion ($11.3 billion) President Vladimir Putin announced on television with Rosneft CEO Igor Sechin. The stake …

Source: Bashneft

Weak Ruble: Good for Russian Oil Companies, Bad for Russian Government

Record Oil Production and Capital Spending Supported by Favorable FX Rate

While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, oil and natural gas companies have actually increased investments or …

Source: Bashneft

Russia Hopes to Bring in $15.9 Billion with Sale of Rosneft and Bashneft Interest

State-owned Rosneft to acquire stake in Bashneft as Russia attempts to go ahead and “privatize”

In a political U-turn, the Russian government has decided to allow state-owned oil giant Rosneft place a bid on fellow oil company Bashneft.

The Kremlin …

Putin Wants to Sell 19.5% Stake in Rosneft this Year

Putin Wants to Sell 19.5% Stake in Rosneft this Year

Chunk of Rosneft could bring Moscow as much as $11 billion

Russia still plans on selling a 19.5% stake in its oil giant Rosneft (ticker: RNFTF) to help ease its financial deficit, and it could happen within the next 90 …

September 15, 2016 - 6:05 pm Closing Bell Story‎, International, Oil and Gas 360 Articles
Source: Rosneft

Russia Delays $10 Billion Rosneft Privatization

Russia may not be able to sell its stake in Rosneft in 2016

As low oil prices continue to put pressure on the Russian budget, the government in Moscow continues to look for ways to make up budget shortfalls, including …

Source: Gazprom St Petersburg International Economic Forum

Oil Prices Hurting Russian Deals, Russia Trying to Lure Back Investment

Oil and gas deal pipeline relatively thin at this year’s St. Petersburg Economic Forum

There was a stronger showing of the heads of international oil and gas companies at this year’s St. Petersburg Economic Forum, but deals remained relatively light.…

Russia Performing Better in May

Russia Performing Better in May

In a 7-2 victory over the U.S., Russia took the bronze medal in the world ice hockey championships on May 22. The victory over the team from the United States marked the third time in four years the U.S. has …

Source: Rosneft

China May Buy 19.5% Stake in Rosneft

Sale of major Rosneft stake to CNPC signals strengthening ties between China and Russia

China National Petroleum Corp. Deputy Chief Executive Wang Zhongcai said the company is interested in purchasing a stake in Rosneft, Russia’s state-owned oil company. The sale …

China’s Oil Imports Up 20%

China’s Oil Imports Up 20%

Saudi Arabia and Russia vie for market share in China

Monthly oil imports to China in February were 20% higher in 2016 than the year before. The increased level of imports in February were the highest ever on a daily …

Source: Rosneft Komsomolsk Refinery

The Next China: Oil and Gas Companies in India Deepen Ties with Russia

Indian energy consortium increases shares in Russian oil fields

Russia and India strengthened their ties over the weekend with several agreements which will increase Russia’s share in India’s energy markets and give India a greater share in a number of …

Source: Gazprom. LNG Tanker

Gazprom “Relaxed” About U.S. LNG

Deputy Chairman Medvedev says there’s no reason to start a price war with the U.S.

Russia’s state-controlled gas giant Gazprom (ticker: OGZPY, has no plans to start a price war with the U.S. over natural gas in Europe, …

As ConocoPhillips Exits Russia, Tehran and Moscow Strengthen their Energy Ties

As ConocoPhillips Exits Russia, Tehran and Moscow Strengthen their Energy Ties

ConocoPhillips sells stake in Rosneft joint venture

Five years ago, U.S. oil major ConocoPhillips (ticker: COP) sold its single largest asset in Russia, a stake in Lukoil (ticker: LKOH), for $9.5 billion.

Last week COP announced that it has sold …


Putin Gives His Outlook on Oil and Gas, Russia’s Economy

Exploration is a Major Part of Our Future

During his time in office, both as the Russian president and prime minister, President Vladimir Putin has held a conference every year. The conference is held with members of the press, both …