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.
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 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.
Russian oil company Rosneft has approved a £1.5billion share buyback scheme as it looks to become more attractive to investors.
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.
London-listed Russian stocks have slumped as companies suffered from delayed investor reaction to the launch of US sanctions against Moscow on Friday.
Russian oil company Rosneft has announced it has opened a new centre for research and development in Qatar.
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 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 has suspended its drilling in an offshore project in the Black Sea over sanctions imposed by the US, according to Reuters.
Russian holding company Sistema has settled its lawsuit with oil giant Rosneft over regional producer Bashneft.
Rosneft and BP will go after reserves exceeding 880billion cubic metres of gas in the remote Yamal-Nenets in northern Russia.
Russian oil giant Rosneft has spudded the Maria-1 exploration well in the Black Sea.
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 holding company Sistema has announced that that it has filed a lawsuit against Rosneft over the oil major's purchase of Bashneft.
Russian prosecutors have asked a court to send a former economic development minister to a high-security prison for 10 years.
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.
Prosecutors have displayed two million dollars in cash, which they claim was a bribe, at the corruption trial of a former Russian economic development minister.
Russian oil giant Rosneft has agreed to operate Kurdistan's main oil pipeline.
Rosneft has acquired a 30% stake in the Zohr field, the largest gas field in the Mediterranean Sea.
Ex-German chancellor Gerhard Schroeder has been named as the new chairman of Russian state oil giant Rosneft, it is reported.
Russian oil giant Rosneft said today that will soon finalise a deal to develop pipelines in the Kurdistan region of Iraq.
A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co.
Russian oil giant Rosneft today confirmed that it had completed the acquisition of 49% of Indian firm Essar Oil.
The Russian Government has put former German Chancellor Gerhard Schroeder forward for a place on the Rosneft board.