Tag Archives: Rosneft

The Russian oil producer Rosneft denied statements about the company’s operations made in the book Putin’s People released last spring, counsel Desmond Browne said during a hearing in the High Court of London. UK mass media reported earlier that Rosneft had filed a lawsuit against HarperCollins, the publisher of the …

Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a “hasty” energy transition. “The world risks a severe deficit of oil and gas,” Rosneft Chief Executive Officer Igor Sechin said Saturday at the St. Petersburg International Economic Forum. “The world …

Russian energy giant Rosneft on Friday reported an almost 80% fall in 2020 net income as the pandemic hit demand for fuel. Rosneft, in which BP owns a 19.75% stake, said its net income fell to 147 billion roubles, or $2.2 billion.

Russian and UK oil giants signed a strategic collaboration agreement on carbon management and sustainability activities. Rosneft and BP will also jointly evaluate new projects envisaging the use of renewables, opportunities for carbon capture, utilisation and storage, as well as developments for hydrogen. Rosneft CEO Igor Sechin said:‎ • Joint …

Russia plans to cut its seaborne oil exports from its western ports to a three-month low in February as the country diverts crude into its local refineries to help tackle record fuel prices. The world’s second-largest exporter will cut overseas shipments of Urals crude by almost 20% in February, according …

Rosneft and specialists of the Siberian Federal University have developed the technology of production of environmentally friendly drilling fluids based on seed oils and containing biodegradable components. The development of Russian green drilling fluids rivalling costly foreign analogues in terms of functionality is the task of utmost importance. Drilling fluids …

Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. “This means that, while we’re not completely there, we are nonetheless starting to get off the so-called oil and gas needle,” Putin said, adding, “If someone still …

Russian energy giant Rosneft on Tuesday said it had discovered a new gas field in the Kara Sea with total reserves of 514 billion cubic metres (bcm) of gas and 53 million tonnes of condensate.

According to S&P Global Plattsreport, Russian state-owned oil & gas producer Rosneft said December 9 that it has discovered a large new gas field in the Arctic Kara Sea. Rosneft is playing a key role in Russia’s Arctic strategy, which aims to capitalize on warming temperatures to transport the remote …

Russia’s largest oil producing company Rosneft plans to sell some old underperforming oil fields, mostly to local companies, at least two Moscow-based brokerages said on Tuesday following a conference call with Rosneft’s management. Sova Capital brokerage said in a note to its clients that Rosneft plans to sell some of …