Keyword: Russia

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Gazprom Neft, Japan to Start Siberia Oil Output in 2016

07.06.2013 - Gazprom Neft and Japan's JOGMEC will start jointly producing oil in East Siberia in 2016, the head of the Russian company said on Friday. Gazprom Neft, the oil arm of Russian gas...

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Rosneft to Take Over Russian Gas Firm Itera for $3 Billion

28.05.2013 - Russia's state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in...

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Gazprom Neft, Shell to Team Up on Shale Oil, Arctic

05.04.2013 - Gazprom Neft and Royal Dutch Shell will agree to drill for shale oil in Western Siberia and explore Russia's Arctic shelf when President Vladimir Putin visits the Netherlands next...

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Russian Government Proposes that BP CEO Dudley Join Rosneft Board

01.03.2013 - Russia has offered BP CEO Bob Dudley a seat on the board of directors of state-controlled oil company Rosneft, in which BP is soon to raise its stake, a decree signed by Prime...

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Rosneft in Talks to Increase Oil Supply to China

18.02.2013 - Russia's top crude producer Rosneft said its chief executive had started talks in China over the possibility of increasing oil supplies to the world's largest energy consumer. The...

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U.S. Shale Gas Revolution Throws Down the Gauntlet to Europe

04.02.2013 - The United States is enjoying an energy bonanza thanks to shale gas, making it a magnet for industry, reducing import dependence and challenging Europe as it battles to dig itself...

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Rosneft 2012 Net Profit Up 7% While Cash Flow Halved

01.02.2013 - Rosneft came in slightly below forecasts with a 7% rise in 2012 net profit on Friday while free cash flow halved ahead of its $55 billion takeover of TNK-BP, sending shares in...

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Glencore, Vitol in $10 Billion Loan to Buy Rosneft Crude

28.01.2013 - Commodity traders Glencore International and Vitol have asked banks for a $10 billion syndicated loan to finance the purchase of up to 67 million tons of crude oil from Russian...