Gas – A brief overview of gas price developments, supply and demand and significant market movers.
Articles Tagged "rosneft"
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.
Oil – The Wall Street Journal reported that Russia's Rosneft (LSE:ROSN) is set to buy a 50 percent stake in TNK-BP Ltd. from BP plc (LSE:BP) for about $25 billion. It is also looking to buy out BP's partners for up to $28 billion, and has signed a preliminary agreement to that effect.
Oil – After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Oil – BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.