Tag Archives: Rosneft

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 …

Russia’s energy giant Rosneft is developing a multibillion-dollar Vostok Oil project which is expected to bolster the country’s presence in the Arctic region and to boost the economy. Rosneft’s CEO Igor Sechin, who has met with President Vladimir Putin this week, has pledged that Vostok Oil will deliver up to …

On October 22, Rosneft’s CEO, Igor Sechin, revealed some new, previously unpublished details regarding the state-owned Russian petroleum giant’s latest mega-project in the Arctic—Vostok Oil. Specifically, Sechin confirmed that Vostok Oil will include a natural gas liquefaction plant, which will ultimately enable Rosneft to ship significant volumes of liquefied natural …

Scientists of the Rosneft United Research and Development Centre have developed a laboratory unit designed to convert methane to synthetic liquid hydrocarbons. The unit has successfully completed a synthetic oil production run, and the Company’s technology for obtaining synthetic oil from associated petroleum gas has undergone a series of expert …

Rosneft Oil Company has held a seminar on the organisation of the company’s procurement activities in the format of a video conference. The event was attended online by representatives of more than 20 leading Japanese suppliers and contractors. The seminar was arranged as subject to the agreements achieved at the …

Rosneft has been awarded by the Rospatent in the category “100 Best Inventions of Russia for 2019 and the H1 2020” for the development of a unique biological product for cleaning the northern seas of oil pollution. The project for the development of the innovative product is being implemented by …

Russia’s largest oil producer Rosneft made a second-quarter profit of 43 billion roubles (€496 million) after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday. Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin, is the first …