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Rosneft acquires TNK-BP in $55bn dealRussian state oil company Rosneft closed a historic deal to buy TNK-BP from UK-based BP and four tycoons, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil, the world’s No.1 investor-owned compan More… |
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Russia plans $30bn oil-for-loans pact with ChinaRosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away fro More… |
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Russia beats Saudi in 2012 oil productionMore crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed on Wednesday. Crude output edged up almost 1 per cent to a new post-So More… |
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Rosneft raises $16.8bn for TNK-BP takeoverRosneft, seeking to finance Russia's largest-ever takeover deal, has raised $16.8 billion in bank loans and agreed on long-term trade finance deals with the world's largest oil traders, Glencore and Vitol. The state-contro More… |
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Rosneft bids for BP stake in Russia firmState oil firm Rosneft tightened its grip on the Russian oil industry on Thursday, lodging a cash and shares bid for British oil company BP's 50 percent stake in the country's third-largest oil producer, TNK-BP. More… |
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Rosneft nears TNK-BP stake dealRussian state-owned oil company Rosneft was closing in on control of TNK-BP yesterday, sending its powerful chief executive to London for talks after the four billionaires who own half the company agreed to sell their stake. Accor More… |
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BP keen to buy stake in RosneftBritish oil company BP wants to buy a stake in Russian state-controlled peer Rosneft, adding a new dimension to a long-running struggle for control of a big chunk of the country's oil production. BP chief executive Bob Dudley More… |
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Rosneft in talks to join Exxon in IraqRussia's top crude oil producer, Rosneft, has been in talks with ExxonMobil over the possibility of teaming up with the American major to tap Iraq's huge West Qurna-1 oilfield, Kommersant daily reported on Friday. The daily, citing More… |
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Rosneft, ExxonMobil ink strategic Arctic dealRussian oil giant Rosneft said it has joined forces with ExxonMobil for the development of Arctic and Black Sea resources and also inked a deal to expand technology sharing and implement joint global projects. Rosneft president Eduard Khu More… |
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BP wins time to salvage Rosneft dealBritish oil giant BP failed to lift a block on its proposed $16 billion share swap with Russia's Rosneft, but gained some breathing space to try to salvage the deal. An arbitration panel yesterday gave BP time to try to extend an April More… |
