Plexus Holdings, the Aberdeen-based engineering services company, has raised $5million through a share subscription agreement with Russian oil and gas equipment manufacturer Gusar.
PetroNeft Resources has reached an agreement with activist investor Natlata Partners to appoint its chosen non-executive directors to the board, including controlling shareholder Maxim Korobov.
Two years ago, BP Plc said international sanctions against Russia could hurt its business there.
Exillon Energy has given a production update from its assets in two oil-rich regions of Russia.
The Russian Energy Minister has said he could meet his Saudi Arabian counterpart before a planned oil producers meeting later this month.
PetroNeft, the Russian-focused Irish oil producer, has confirmed it issued restriction notices on the activist investor planning to oust several directors of the firm.
Rosneft, the Russian oil producer, has increased its net profit by 2% to $5.2billion (355billion roubles).
Illegal oil and weapons are still managing to flow across the Syrian-Turkish border is said to be continuing despite targeted attacks on Islamic State (ISIS), according to reports.
Russia said it will export more oil next month than it has in any months since 2013.
WesternZagos Resources said it has completed the transition of operatorship of the Garmian block in the Kurdistan Region of Iraq to Gazprom Neft.
A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step.
Oil slipped from a three-month high amid uncertainty about when a meeting between Saudi Arabia, Russia and other producers to freeze output will occur as Iran seeks to rebuild its exports.
Rosneft has commenced exploratory drilling of a block offshore Vietnam.
While the world focuses on Russia’s oil- freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry.
Nigeria's Petroleum Minister said some OPEC members plant to meet with other producers in Russia later this month.
Russian President Vladimir Putin has called for a meeting with top managers of Russia’s leading oil producers.
JKX Oil & Gas has highlighted potential liabilities of $41 million from its Ukrainian operation as the company's management seeks to restore investor confidence by offering more information about its operations.
Iran has snubbed a proposal agreed to by four oil powerhouses to cap their crude output if other producers do the same, with a senior official saying Tehran has no intention of freezing production levels.
A short oil price rally was brought to an abrupt halt yesterday after large producing nations failed once more to agree on output cuts, instead freezing production at record levels.
Russia has agreed with Opec members Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same.
Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar.
Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political.
Saudi Arabia’s oil minister plans to meet with his Russian counterpart in Doha on Tuesday to discuss the oil market, according to a person familiar with the talks. Ali al-Naimi, the most senior oil official of the world’s biggest crude exporter, will speak with Russia’s Alexander Novak in the Qatari capital, according to the person, who asked not to be identified because the talks are private.
A coordinated cyber-attack at the end of last year on Ukraine’s power grid was made by hackers using a Russian-based internet provider as well as calls from inside the country.
World powers agreed a partial cease fire in Syria’s civil war, reaching a deal that could forestall a humanitarian crisis around the besieged city of Aleppo even amid skepticism about how broad and lasting the truce might be. Backing the accord were all the major outside powers in the five-year-old conflict, including the U.S., Russia, Turkey, Saudi Arabia and Iran. But the halt to fighting won’t cover jihadist groups like Islamic State, meaning U.S., French and Russian air strikes against them will continue.