Oil – The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Articles Tagged "rosneft"
Gas – As more natural gas reserves around the globe are discovered, the number of exploration and production companies developing the energy source is increasing.
Oil – The agreement to ship up to 900,000 barrels of Russian oil a day to China follows a huge acquisition by Rosneft, leading to fears that Russia is pursuing a policy of world energy domination.
Gas – A brief overview of gas price developments, supply and demand and significant market movers.
Oil – Bloomberg reported that OAO Rosneft’s $55 billion takeover of TNK-BP will make it bigger than Exxon Mobil, as the Soviet-era wells allow it to pump almost 5% of the world’s oil.
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Oil – Reuters reported that Rosneft is planning to loan up to $30 billion from China in exchange for significantly higher oil supplies, which could make Beijing the biggest consumer of Russian oil.
Oil – Relations between Russia and Venezuela were boosted recently when Russian oil companies confirmed plans to invest $17.6 billion in the South American country’s energy sector.
Oil – Major oil companies including ExxonMobil and Rosneft are set by mid-2013, after almost a year of effort, to retrieve $250 million of oil held by a French pipeline company that they stopped using in favour of less expensive routes.
The Commodity Investor takes a look at BP's fraught history and its considerably more rosy future.