Russia's top crude oil producer Rosneft will sell drilling rigs to Norway's North Atlantic Drilling (NADL) in return for shares in the firm, going ahead with an earlier agreed deal despite sanctions over Ukraine.
Rosneft and BP have signed an agreement to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run oil company since the West imposed sanctions on Moscow.
Rosneft chief executive Igor Sechin, a cl
Russia could reduce its stake in oil producer Rosneft this year, bringing forward a privatisation that had been scheduled for 2016, the economy minister was quoted as saying yesterday.
Business daily Vedomosti had reported last we
Russia's Rosneft has agreed a $270 billion deal to double its China oil supplies as the Kremlin energy champion shifts its focus to Asia from saturated and crisis-hit European markets.
The deal, one of the biggest ever in the
Russian 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 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
Rosneft, 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.
State 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.
Russian 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.