Saturday, 18 January 2025

Focus on Rosneft

Rosneft is the leader of the Russian oil sector and the largest global public oil and gas corporation. Rosneft Oil Company is focused on exploration and appraisal of hydrocarbon fields, production of oil, gas and gas condensate, offshore field development projects, feedstock processing, sales of oil, gas and refined products in the territory of Russia and abroad. (Source: Rosneft LinkedIn profile)

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsLegislationNewsOil

Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal

In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.

FILE PHOTO: An OPEC flag is seen on the day of OPEC+ meeting in Vienna  in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo
BusinessEconomyNewsOilPoliticsTrade

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.

FILE PHOTO: A view shows fuel tanks at a facility of Rosneft energy company outside the town of Neftegorsk in the Samara Region, Russia September 1, 2023. REUTERS/Alexander Manzyuk/File Photo
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Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

India has no sanctions on Russian oil, so refiners there have cashed in on the cheaper crude supply.

FILE PHOTO: Chief Executive of oil producer Rosneft Igor Sechin attends a meeting of Russian President Vladimir Putin with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Moscow, Russia June 22, 2023. Sputnik/Sergey Bobylev/Pool via REUTERS/File Photo
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OPEC+ output cuts turned US into top energy exporter, Rosneft’s Sechin says

"OPEC+ decisions to stabilise the oil market in 2016 and 2020 significantly supported the US shale industry," Sechin said.

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
BusinessNewsOilPoliticsTrade

Shell faces delay in German refinery stake sale, sources say

Shell's German refinery sale held up by third party lawsuits, including by Russian majority shareholder Rosneft.

FILE PHOTO: An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. Picture taken with a drone. REUTERS/Tatiana Meel/File Photo
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Western insurers provide cover for Russian oil despite price cap concerns

Tankers carrying Russian oil being insured by five Western companies, trading data shows, despite fears that G7 price cap is being breached.

Russia's President Vladimir Putin shakes hands with India's Prime Minister Narendra Modi during a meeting at the Kremlin in Moscow, Russia July 9, 2024. Sputnik/Sergey Bobylev/Kremlin via REUTERS
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India eyes energy deals with Rosneft and other Russian companies

Energy cooperation includes areas such as nuclear energy, oil refining and petrochemicals, partnerships in energy infrastructure, technologies and equipment.

FILE PHOTO: Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a meeting at the Belt and Road Forum in Beijing, China, October 18, 2023. Sputnik/Sergei Guneev/Pool via REUTERS/ File Photo
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Putin to discuss Ukraine and energy with Xi in China

Russia has become China's top crude supplier, with its oil shipments to China jumping more than 24% in 2023 despite Western sanctions.

Assistant Secretary of State for Energy Resources, U.S. Department of State, Geoffrey Pyatt poses for a portrait during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024.  REUTERS/Callaghan O'Hare/ File Photo
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US State Dept says oil service firm SLB is not violating Russia sanctions

The U.S. and other western countries have sought to reduce Moscow's energy revenue through sanctions that prompted many service companies to leave Russia....

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