NOCs to slash over a quarter of exploration budgets on average in 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Rosneft
Zohr production drops in Q1
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
Russia has edge over Saudi Arabia in crunch oil production talks
Russia will be able to outlast Saudi Arabia if the pair fail to clinch a deal to cut production to prop up oil prices during OPEC+ talks on April 9.
US imposes sanction on Russian firm Rosneft in Venezuela
The Trump administration has announced sanctions on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an US oil embargo and enabled President Nicolas Maduro to keep his grip on power in the South American country.
Simplification, sales and scope 3: Key priorities for BP’s new CEO
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
Wintershall Dea among 2020 IPO candidates as Europe hopes for revival
Equity capital markets bankers won’t be sad to close the door on a miserable 2019 in Europe. Though some of the elements that made for a volatile environment for initial public offerings are still in play, there is reason to hope 2020 will bring fairer weather.
Equinor and Rosneft greenlight Siberian oil and gas field
Equinor and Rosneft have sanctioned a full development of the North Komosomolskoye field in Russia.
Zohr continues to rise for Egypt
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
The return of top oil deal-maker John Browne
John Browne’s return to the top of an oil company started with a phone call from a Russian oligarch who had $10 billion burning a hole in his pocket.
OPEC plus or OPEC minus? Rosneft points to oil cartel in flux
Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.
Rosneft sets cashflow record as Russian oil hits the sweet spot
Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble.
Rosneft approves £1.5bn share buyback scheme
Russian oil company Rosneft has approved a £1.5billion share buyback scheme as it looks to become more attractive to investors.
Rosneft takes Irish detour around sanctions aided by Moscow bank
A Russian oil company effectively barred from international capital markets by western sanctions has found an ingenious workaround. It involves a Moscow bank taking a detour to Dublin.
BP feeling Russian sanctions pinch through stake in Rosneft
London-listed Russian stocks have slumped as companies suffered from delayed investor reaction to the launch of US sanctions against Moscow on Friday.
Russia’s Rosneft opens research centre in Qatar
Russian oil company Rosneft has announced it has opened a new centre for research and development in Qatar.
Rosneft’s earning rise by almost 10% in 2017
Russian oil giant Rosneft said higher oil prices and increase production helped the company increase its adjusted earnings by almost 10% last year.
Russian president says US Government’s Putin list is ‘hostile step’
Russian president Vladimir Putin has called a long-awaited US list of Russian businessmen and officials who have flourished under his presidency a "hostile step" that harms relations between Moscow and Washington.
Eni suspends Rosneft-led Black Sea drilling project over U.S. sanctions
Eni has suspended its drilling in an offshore project in the Black Sea over sanctions imposed by the US, according to Reuters.
Sistema, Rosneft bury hatchet in row over Bashneft
Russian holding company Sistema has settled its lawsuit with oil giant Rosneft over regional producer Bashneft.
Rosneft, BP join forces on Yamal-Nenets project
Rosneft and BP will go after reserves exceeding 880billion cubic metres of gas in the remote Yamal-Nenets in northern Russia.
Rosneft spuds well on Black Sea mega licence
Russian oil giant Rosneft has spudded the Maria-1 exploration well in the Black Sea.
Former Russian minister found guilty of taking huge bribe
A former Russian economic development minister has been found guilty of accepting a £1.5 million bribe from a top ally of President Vladimir Putin.
Russian firm Sistema sues Rosneft, Bashneft for £4bn
Russian holding company Sistema has announced that that it has filed a lawsuit against Rosneft over the oil major's purchase of Bashneft.
Russian prosecutors ask for 10-year prison term for ex-minister
Russian prosecutors have asked a court to send a former economic development minister to a high-security prison for 10 years.
New China star sells first oil from $9bn Rosneft deal
A Chinese firm that’s grown from a small local trader to a global deal-making juggernaut sold its first cargo of Russian crude after buying a $9 billion stake in Rosneft.