Rosneft Company News

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US Transparency Reversal Stings Canadian, European Oil Firms
Friday, February 03, 2017 Canadian and European oil companies could find themselves at a competitive disadvantage to their American rivals if US lawmakers scrap tighter transparency requirements on the industry.

ONGC Videsh Inks Deal with Rosneft to Up Stake in Russia's Vankorneft
Thursday, September 15, 2016 India's ONGC Videsh inks agreement with Rosneft to acquire an additional 11 percent stake in Vankorneft, the operator of the Vankor field and North Vankor license in Russia.

Rosneft Makes Discovery at Wild Orchid Gas Condensate Field Off Vietnam
Friday, August 12, 2016 Rosneft makes discovery at the Wild Orchid gas condensate field in Block 06.1 in the Nam Con Son basin offshore Vietnam.

Rosneft's Sechin Says China Ties Boosted With New Deals, Routes
Monday, June 27, 2016 Rosneft, the state-run producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by reaching out to new clients and establishing new delivery routes amid toughening competition and stretched infrastructure.

Putin Said To Weigh $11B Rosneft Sale To China And India
Monday, June 20, 2016 Vladimir Putin is considering selling part of Russia's corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.

Rosneft Mimics Saudi Strategy To Get Foothold In Indian Market
Wednesday, June 15, 2016 Rosneft OJSC is mimicking the strategy of its biggest global competitor to expand in India as the world's top oil exporters vie for business in the fastest-growing crude-consuming nation.

Keppel O&M, Rosneft & MHWirth Set Up Singapore Incorporated JV
Friday, May 20, 2016 Keppel Offshore & Marine sets up a Singapore incorporated joint venture company with Russia's Rosneft and Norway's MHWirth for the design and engineering of mobile offshore drilling units.

Rosneft Spuds PLDD-1X Well in Vietnam's Nam Con Son Basin with Hakuryu-5
Wednesday, March 09, 2016 Rosneft spuds the PLDD-1X exploration well in Block 06.1 in the Nam Con Son basin, offshore Vietnam with the HAKURYU-5 semisub.

Russia's Dilemma: Squeeze Oil Industry Without Strangling Growth
Wednesday, March 09, 2016 While the world focuses on Russia's oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation's energy industry.

Putin's Reward For Doing A Deal With OPEC Overshadowed By Risks
Tuesday, February 16, 2016 Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it's time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political.

ONGC Videsh Moves Nearer to Complete Acquisition of Stake in Vankorneft
Monday, December 28, 2015 India's ONGC Videsh and Russia's Rosneft complete the first stage of deal for the former's acquisition of a 15 percent stake in Vankorneft.

RIA: Russia's Rosneft in Talks to Allow China into Offshore Arctic Projects
Monday, November 16, 2015 Russia's Rosneft is in talks with Chinese companies to allow them to take part in its offshore Arctic projects, the RIA news agency quoted Russian Deputy Energy Minister Anatoly Yanovsky as saying.

Rosneft Seals $55M Deal for Petro Rio's Stake in Brazil's Solimoes Project
Wednesday, October 14, 2015 Rosneft receives formal approval to acquire Petro Rio's 55 percent stake in Brazil's Solimoes Project for $55 million.

Sanctions, Oil Slump Delay Russian Offshore Drilling 2-3 Years
Tuesday, September 29, 2015 Russia's state-run energy giants Rosneft and Gazprom are delaying some offshore drilling by two to three years because of sanctions and weaker oil prices.

Move Over Exxon, Russian Drillers Are Oil World's Top Performers
Tuesday, September 08, 2015 At a time when the collapse in crude prices pushes Russia's economy into a recession, the nation's oil producers are managing to beat their western counterparts.

Rosneft Sells 15% Stake in Vankorneft to ONGC Videsh
Friday, September 04, 2015 Rosneft sells 15 percent interest in Vankorneft - the developer of Vankor oil and gas condensate field in Krasnoyarsk Territory in Russia - to India's ONGC Videsh.

Putin Urges Investment in Russia's Vast Far East
Friday, September 04, 2015 President Vladimir Putin urges domestic and foreign investors to help develop Russia's vast Far East region, promising high returns and reassuring Asia-Pacific economies about their strategic importance.

Rosneft Contracts JDC's Hakurya-5 Semisub for Vietnam Drilling Assignment
Friday, September 04, 2015 Rosneft inks deal with Japan Drilling Co. for the provision of the Hakurya-5 semisub to drill two exploration wells offshore Vietnam in 2016.

ONGC Said to Seek $900 Million Stake in Rosneft Vankor Field
Friday, August 14, 2015 India's ONGC is seeking through its overseas unit to buy a stake in Russia’s second-largest oil producing development from Rosneft, according to two people with direct knowledge of the plan.

Talks Surface on Rosneft Taking 49% Stake in India's Essar Oil
Wednesday, June 17, 2015 Rosneft is reportedly negotiating to acquire a 49 percent stake in India's Essar Oil.

Venezuela, Russia's Rosneft Agree On $14B Oil, Gas Investment
Thursday, May 28, 2015 Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro says.

Learning Mandarin In The Tundra: Russia Invites China Into Oil Business
Wednesday, April 08, 2015 Russia's freezing north has never been the most welcoming place for foreign travelers, and its onshore oil riches have always been state secrets.

ONGC Videsh in Talks to Acquire Stakes in 2 Fields in Siberia
Thursday, March 12, 2015 ONGC Videsh commences discussions to acquire stakes in 2 fields in Siberia, Russia, according to India's oil minister.

Golar LNG, Rosneft Ink MOU to Cooperate on FLNG Projects in Latin America
Friday, March 06, 2015 Golar LNG and Rosneft ink a memorandum of understanding to cooperate on floating liquefaction and transportation of natural gas.

Canada Imposes Sanctions On Russian Oil Firm Rosneft, Rostec CEO
Wednesday, February 18, 2015 Canada is imposing sanctions against Rosneft and the head of conglomerate Rostec, among others, in response to the actions of Russian-backed militants in Ukraine, Ottawa says.

Kommersant: ExxonMobil Suspends Cooperation with Rosneft on Arctic Project
Monday, September 29, 2014 ExxonMobil is suspending cooperation with Rosneft on offshore drilling in the Arctic due to sanctions, Kommersant reports, citing unnamed sources.

US, EU Ready New Sanctions To Stop Oil Exploration In Russia
Wednesday, September 10, 2014 The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including ExxonMobil and BP, US government sources say.

ONGC, Rosneft Ink MOU to Cooperate on E&P in Russia's Offshore Arctic
Monday, May 26, 2014 ONGC and Rosneft ink memorandum of understanding to cooperate in subsurface surveys, exploration and appraisal activities as well as hydrocarbons production in Russia's offshore Arctic.

Seadrill, NADL Ink Agreement to Partner Rosneft in Russia's Drilling Market
Monday, May 26, 2014 Seadrill and North Atlantic Drilling ink agreement to partner Rosneft in Russia's drilling market.

Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.