BP targeting low carbon solutions with new strategic collaboration agreement
BP has signed a strategic collaboration agreement with Rosneft Oil Company focused on supporting carbon management and sustainability activities.
Rosneft
BP CEO Looney: ‘We’re not yet green, but we’re greening’
BP chief executive Bernard Looney said today that he would “emphatically” put value over volume when making low-carbon acquisitions.
Beijing will keep harassing oil and gas activities in South China Sea
Beijing is expected to keep harassing oil and gas operations in disputed areas of the South China Sea this year, particularly offshore Malaysia.
Severstal balances domestic demand with international option
Russia will remain the heart of Severstal’s focus for the near term, but uncertainty around the timing of a contract with Gazprom has encouraged international growth.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Petronas to stoke Chinese fury as Transocean drills in South China Sea
Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
Beijing rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Oil will be ‘engine of value creation’ in BP’s net-zero drive, Looney says
BP’s chief executive Bernard Looney has said oil and gas would be a “smaller, but core part” of the business as it “pivots” to net zero.
Eni strikes one of the biggest gas finds in Southeast Asia for 20 years
Eni has confirmed the presence of a giant gas and condensate field in Block 114 in the Song Hong Basin off Vietnam.
Politics muddy Indonesia’s $48 billion refinery expansion plan after Aramco walks
Saudi Aramco’s experience may offer a cautionary tale to other investors considering multi-billion-dollar refining partnerships with Indonesian NOC Pertamina
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.
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.