National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
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.
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.
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.
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 have sanctioned a full development of the North Komosomolskoye field in Russia.
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.
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.