Major Oil Traders to Reduce Russian Oil Purchases Starting From Mid-May

• Thursday, 14th April 2022
• by Israa Ibrahim

To avoid falling foul of European Union sanctions against Russia, major global traders have decided to reduce purchases of crude and fuel from Russia’s state-owned oil companies as early as May 15, Reuters repor...

Equinor, bp Announce Decision to Exit Russia

• Monday, 28th February 2022
• by Fatma Ahmed

Both Equinor and bp have announced their decisions to exit and halt work in Russia due to its invasion of Ukraine. In a press release, Equinor said that its Board of Directors has decided to stop new investments into ...

Equinor, Rosneft Sign Carbon Management Agreement

• Wednesday, 29th September 2021
• by Fatma Ahmed

Aiming to help achieve the goals of the Paris Agreement, Equinor announced that it has signed a strategic partnership agreement with Rosneft to develop low carbon solutions and reduce the carbon footprint through join...

Rosneft Announces New Gas Condensate Discovery in Yakutia 

• Sunday, 11th July 2021
• by Editorial Team

Russia’s Rosneft announced a new gas condensate discovery in the Yakutia region through one of its subsidiaries, Reuters reported. The newly discovered gas field is estimated to have more than 40 billion cubic meters ...

Rosneft Signs 73 Agreements Worth 616.5 B Rubles at SPIEF

• Sunday, 6th June 2021
• by Editorial Team

Rosneft has signed 73 cooperation agreements for a total of 616.5 billion rubles at the XXIV St. Petersburg International Economic Forum (SPIEF),  50 contracts of which are targeting implementation of the Vstok Oil, w...

Rosneft Launches Natural Gas Project in Arctic

• Tuesday, 18th May 2021
• by Editorial Team

Russian Rosneft Company has annouced the launch of the Rospan International natural gas project in the Yamal region of the Arctic, NeftgazRU reported. Eric Liron, Rosneft’s vice president for in-house services, stated...

Russia Signs Oil Production Agreement for Boosting Priobskoye Filed Production

• Tuesday, 9th February 2021
• by Fatma Ahmed

Rosneft Company along with the Russian Ministry of Finance and the Ministry of Natural Resources and the Environment signed an investment agreement for boosting oil production in the Priobskoye field in the form of an...

Equinor Buys Onshore Assets in Russia

• Sunday, 13th December 2020
• by Editorial Team

Equinor has agreed with Rosneft to buy a 49% interest in the limited liability company LLC KrasGeoNaC (KGN) which holds twelve conventional onshore exploration and production licenses in Eastern Siberia. The payment a...

Rosneft Makes New Gas Discovery in Arctic Kara Sea

• Thursday, 10th December 2020
• by Fatma Ahmed

Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea, S&P Global Platts reported. This gas field, which is located in Vikulovskaya part of the East Prinovozemelsky-1 license a...

Rosneft to Sell Some of Russia’s Brownfields to Local Companies

• Wednesday, 2nd December 2020
• by Fatma Ahmed

Sova Capital and BCS brokerages said that Rosneft company plans to sell some of its underperforming oil fields to local companies, according to Reuters. Sova Capital said that Rosneft plans to sell some of its brownfi...