India’s state-run Bharat Petroleum Corporation Ltd (BPCL) has secured one-year crude supply deals for Iraqi and Omani grades to compensate for imports from Russia and pivots toward Middle Eastern supply as Reuters ...
Russian President Vladimir Putin has extended by one year the deadline for the sale of ExxonMobil’s stake in the Sakhalin‑1 oil and gas project, giving the US major until January 1, 2027, to complete an exit deal, ...
Britain added Egypt's Zohr gas field to a list of projects exempt from its Russia sanctions on December 18, according to Reuters. The exemption applies to the Mediterranean field where Russian oil major Rosneft ho ...
Russian oil company Rosneft reported a 70.1% decline in net income during the first nine months of 2025, falling to RUB 277 billion, according to the company's financial results. During the same period in 2024, th ...
U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with Preside ...
Rosneft's revenue in the first half of 2025 declined to RUB 4,263 billion (around $52.88 billion), marking a 17.6% decrease compared to the same period last year, the company said in a statement. This reduction wa ...
Igor Sechin, Rosneft PJSC's CEO, said Rosneft PJSC will proceed with its Vostok Oil project in the Arctic, just over a week after a key partner announced it would leave the venture over the invasion of Ukraine.
Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.
Through this acquisition, Rosneft will increase its ownership in PCK from 54.17 % to 91.67%.
To avoid falling foul of European Union sanctions against Russia, major global trading decided to reduce purchases of crude and fuel from Russia's state-owned oil companies as early as May 15, Reuters reported.
