Shell Ends Schwedt Refinery Stake Sale Talks with Poland’s Unimot
British oil major Shell has ended negotiations to sell its 37.5% stake in Germany’s PCK Schwedt refinery to Polish energy company Unimot, Reuters reported, citing Bloomberg News.
Rosneft | Egypt Oil & Gas
India’s BPCL Secures Middle Eastern Crude Deals Amid Russian Supply Pivot
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 ...
Putin Extends Deadline for Sale of Exxon’s Sakhalin-1 Stake to 2027
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 Exempts Zohr Field From Russia Sanctions
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 ...
Rosneft’s Net Income Drops 70% in 9M 2025
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, EU Tighten Pressure on Russia with Oil, LNG Sanctions
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 H1 2025 Revenues Fall 17.6% Amid Lower Oil Prices
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 ...
Rosneft Vows to Continue with Vostok Oil Project Despite Partner Withdrawal
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 Cancels All Joint Ventures in Russia
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.
Russian Oil Company Rosneft Acquires 37.5% of German PCK Refinery
Through this acquisition, Rosneft will increase its ownership in PCK from 54.17 % to 91.67%.
