Russia’s Rosneft, which closed its oil trading arm after sanctions were imposed by US authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.
Russia’s Energy Ministry will meet with the country’s oil companies on Wednesday (11 March) to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
A 25-year supply contract has been signed with Italy, and the first Azeri gas is expected to start flowing before the end of 2020, said Vitaly Baylarbayov, deputy vice president of SOCAR, the State Oil Company of Azerbaijan.
Ukraine's national oil and gas company, Naftogaz, said on Monday (16 December) that no agreement had yet been reached over the transit of Russian gas through Ukraine after 2019. As tensions grow, EURACTIV looked at the details.
A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.
A week before German elections, the storied Free Democratic Party looks set to recover from a historic 2013 defeat and return to parliament - where it could make Berlin a much more awkward partner for its European neighbours.
German Chancellor Angela Merkel criticised her predecessor, Gerhard Schröder, on Monday (21 August) for taking a new job at Russian oil producer Rosneft and said she did not intend to take any posts in industry once she leaves politics.
Former German Chancellor Gerhard Schröder hit back at criticism of his planned new job at Russian oil producer Rosneft on Thursday (17 August), accusing his foes of political manoeuvring to help get Angela Merkel re-elected.
Saudi Arabia and Russia, the world's two top oil producers, agreed today (15 May) to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
Fresh US and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.
The European Union adopted new sanctions against Russia over its involvement in the Ukraine on Monday (8 September), but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine is holding.
The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy, in the most serious sanctions so far over the Ukraine crisis, under proposals considered by EU governments yesterday (24 July).
The CEOs of Russia's two largest firms are on a list of those who may be hit next week with European and US sanctions over the Crimea crisis, a German newspaper said today (14 March), suggesting tougher than expected measures against Russia's elite.
Russian President Vladimir Putin failed to clinch a concrete energy deal on a rare trip to Azerbaijan yesterday (13 August), dashing Moscow's hopes to challenge the dominance of Western energy majors in the former Soviet republic.
Negotiations between British Petroleum and Rosneft, Russia's leading oil company, to develop three massive offshore exploration blocks in the Arctic have failed, according to media reports yesterday (17 May).
US-based ExxonMobil, the biggest privately-controlled oil company in the world, will make a new investment in Russia for the first time in over a decade as Moscow seeks to thaw its frosty investor climate and keep its oil flowing.