Rosneft signed investment and crude-purchasing agreements with Libya’s National Oil Corp. as more international companies return to the North African country to gain access to Africa’s largest reserves.
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
Russia overtook Saudi Arabia as the world’s largest crude producer in December.
KCA Deutag has secured 300 jobs after winning a contract extension for work offshore Russia.
Russia’s largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Rosneft.
The head of Russia's biggest oil company Rosneft met with a government minister in what turned out to be a law enforcement sting operation, according to reports
Immediate investment decisions are needed in Europe to continue long-term gas demand, according to Gazprom's deputy cheif executive.
Russia's Rosneft has sold its 12% stake in the Italian refiner Saras for $187million.
Russian energy major Gazprom has admitted that imports of LNG from the US could threaten its European dominance, a news report said.
Russia poses a danger to the U.S. and must be held accountable for its actions, Rex Tillerson, President-elect Donald Trump’s nominee for secretary of state and the former CEO of Exxon Mobil Corp., will tell senators at his confirmation hearing.
Russia's oil output was on the rise, according to government data.
Russia’s top oil producer, Rosneft, is holding out on signing a transport deal with the country’s pipeline monopoly, Transneft, a news report said.
Gazprom said it will increase oil production by up to 5% next year.
Russian oil producer Gazprom Neft and the National Iranian Oil Company (NIOC) have agreed to conduct a study into the possible development of two oil fields in Iran.
On paper, OPEC’s supply deal could drain almost half the global oil glut within six months.
Russian officials plan to meet oil leaders from Opec and non-Opec nations today to discuss some “unresolved” issues ahead of tomorrow’s talks about production cuts in Vienna, a news report said.
Russia’s top oil producers have supported the Kremlin’s plans for cuts to oil production, a news report said.
The one-time richest man in Russia has vowed to finance democracy campaigns in his homeland after an Irish court lifted freezing orders on £85 million in an investment fund.
Russia sold an 10.2-billion euro ($11 billion) stake in its largest oil producer to commodity trader Glencore Plc and Qatar’s sovereign wealth fund in a triumph for President Vladimir Putin, who announced the deal on state television personally.
Opec will meet nations from outside the cartel on Saturday in Vienna to firm up a deal on output reductions.
A vice-president at Lukoil said today that the Kremlin should compensate Russian oil companies for production cuts that could be enforced following this week’s Opec output deal, according to a news report.
After months of meetings from Doha to Moscow, it was a 2 a.m. phone call between two of the most powerful men in the global oil industry that finally broke the impasse.
Russia and Belarus are said to be close to solving a dispute over gas prices.
The heads of Opec member countries will meet in Vienna today in an attempt to hammer out a deal on production cuts.
Rosneft has been called upon to submit proposals to the Russian government by December 1st on how it thinks privatisation should be conducted.