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Rosneft Oil Company

14 articles mentioning Rosneft Oil Company

Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)

Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)

This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who have asset connections with Russia are reportedly mulling...

Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board

Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board

The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer Bernard Looney is resigning from the board of...

Russia's Rosneft Ramping Up Oil Production Starting in July

Russia's Rosneft Ramping Up Oil Production Starting in July

Russia-owned oil company Rosneft is prepping to ramp up production, according to its most recent presentation. After a lull in May and June 2020, the company's oil output will increase noticeably starting in July 2020 and...

U.S. Sanctions Rosneft, Problem on the Horizon

The U.S. sanctioned Russian-owned oil firm Rosneft Trading S.A, for maintaining ties with Venezuela’s Nicolas Maduro. The move is the latest escalation in the Trump administration’s campaign to oust Maduro and rally support behind Venezuelan opposition...

Rosneft Talks FY-2016 Results; Growing Horizontal Wells

Rosneft Talks FY-2016 Results; Growing Horizontal Wells

[Summary: Rosneft gives FY-16 insight. Highlights include: New record high daily hydrocarbon production of 5.83 mmboe in Q4 20161 Hydrocarbon production grew by 4.3% to 265.2 mmtoe in 2016 Development drilling grew by 35% to 9.3...

Operator Plans 750 Horizontal Wells in Expanded 2016 Drilling Program

Operator Plans 750 Horizontal Wells in Expanded 2016 Drilling Program

Rosneft is planning on drilling a full 750 Horizontal wells in 2016 throughout Russia. The company has been reducing downstream and increasing upstream spending in order to increase production levels to around 5100 MBOE/D, an additional...

Rosneft to Postpone Arctic Drilling Ops Until 2016

Rosneft to Postpone Arctic Drilling Ops Until 2016

The delay has been caused by Western sanctions levied on the country in connection to the unrest involving Russia and Ukraine.

Rosneft Cancels Rig Contract for Russian Arctic Project

Rosneft Cancels Rig Contract for Russian Arctic Project

The reason for the cancellation was not disclosed.

BP Signs Deal With Rosneft To Develop Russian Shale

BP confirmed its commitment to Russia after signing a shale oil deal with state-owned oil company Rosneft, despite US government-led sanctions against Moscow and the company’s chief executive. The deal was signed ahead of presidential elections...

ExxonMobil Tapped to Drill Russia's Bazhenov Shale

ExxonMobil Tapped to Drill Russia's Bazhenov Shale

Russia's OAO Rosneft has partnered with the U.S.-based energy giant in order to utilize Exxon's hydraulic fracturing technology.

Russia Touts Bazhenov Oil Shale: 80 Times Bigger than the Bakken

Russia Touts Bazhenov Oil Shale: 80 Times Bigger than the Bakken

Russian leader Vladimir Putin hopes to spur shale development by vowing to lessen the Kremlin's monetary gains from natural resources.

Rosneft to Gain BP's Stake in TNK-BP

Rosneft to Gain BP's Stake in TNK-BP

BP, Rosneft and Rosneftegaz -- the state-owned parent company of Rosneft -- have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 percent interest in TNK-BP to Rosneft and BP’s...

Eni signs Exploration Loan Facility Agreement with Rosneft

Eni CEO Paolo Scaroni and Rosneft Vice President Igor Pavlov signed an Exploration Loan Facility Agreement today, in the presence of the Prime Minister of the Russian Federation, Dmitri Medvedev, and Italian Prime Minister Mario Monti....

Eni, Rosneft Sign Barents and Black Sea Development Contracts

Eni CEO Paolo Scaroni and Rosneft Chairman Igor Sechin signed agreements in Saint Petersburg today concerning their operation of assets in the Black Sea and the Barents Sea. The deal refers to the strategic cooperation agreement...