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BP, Rosneft and Rosneftegaz — the state-owned parent company of Rosneft — have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment in Rosneft. BP and Rosneft agreed heads of terms for this transaction on October 22. The SPAs […]
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In accordance with the order of the Russian President Dmitry Medvedev and the directive of the Russian Government, the Board of Directors of Rosneft Oil Company appointed First Vice-President Eduard Khudainatov the President of the Company starting from September 6, 2010. Prior to his appointment as Rosneft’s President Eduard Khudainatov has been Vice-president of Rosneft […]
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Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; Rosneft becomes holder of BP’s 50 per cent interest in TNK-BP […]
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Russia’s Rosneft and US-based General Electric (GE) signed a long-term cooperation program, inlcluding LNG production. The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities, Rosneft said in a statement on Monday. Also, the program envisages further cooperation in […]
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Business & Finance, Equipment, Project & Tenders
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover, agreement’s options contemplate a possibility for Rosneft to increase […]
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Rosneft’s subsidiary, RN-Brasil, has registered as a participant in the 13th license round organized by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil). The registration is subject to the approval of ANP and will allow the company to take part in the license round and obtain geological data related to blocks selected […]
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Rosneft and members of ITERA Oil and Gas Company announced the acquisition of the remaining 49% of ITERA Oil and Gas Company LLC from Itera Holdings Limited for USD 2.9 bln. As a result Rosneft increased its share in Itera Oil and Gas Company LLC to 100%. Consolidation of ITERA Oil and Gas Company LLC […]
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BP, Rosneft and Rosneftegaz , the state – owned parent company of Rosneft, have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment in Rosneft. BP and Rosneft agreed heads of terms for this transaction on October 22. The […]
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On October 30-31, Rosneft Head Igor Sechin held talks on the development of the strategic cooperation with the People’s Republic of China in Beijing. In particular, during the visit Igor Sechin met with Vice Premier of China Zhang Gaoli, Chairman of the Chinese National Petroleum Corporation (CNPC) Zhou Jiping and Chairman of Sinopec Fu Chengyu. […]
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Rosneft and Petróleos de Venezuela signed a memorandum regarding joint projects of the two companies in Venezuela.
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BP announced that it has signed heads of terms to sell its 50 per cent share in TNK-BP to Rosneft, the major Russian integrated oil and gas company. Under the heads of terms Rosneft has agreed in principle to buy BP’s share in TNK-BP. The proposed transaction consists of two tranches: BP would sell its […]
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BP and Rosneft announced that they have agreed a groundbreaking strategic global alliance. Rosneft and BP have agreed to explore and develop three license blocks – EPNZ 1,2,3 – on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately 125,000 square kilometres in a highly prospective area of […]
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Rosneft informed that its unit Itera and General Electric signed an agreement of intent regarding natural gas processing cooperation.
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Rosneft Marine UK Ltd., a subsidiary of Russian state-owned oil company OJSC Rosneft, has introduced a new bunker delivery tanker to service the Port of Murmansk in Russia. The Russian-flagged RN Magellan is a 4622 deadweight tonne (dwt) bunker tanker built in 2007. The modern vessel is part of Rosneft Marine’s on-going strategy to replace […]
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Business & Finance, Operations & Maintenance
Rosneft and Eni S.p.A., acting through their subsidiaries Rosneft JV Projects S.A. and Eni Energy Russia BV, signed Completion Deed for the Russian offshore projects (regarding Fedynsky, Central Barents blocks in the Barents Sea and Western Chernomorsky block in the Black Sea). The agreement was signed today at the Saint Petersburg International Economic Forum by […]
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The arbitral panel has on Friday issued a consent order permitting BP and the Alfa-Access-Renova (AAR) consortium to assign the Arctic opportunity to TNK-BP, subject to Rosneft consent. The order also permits the proposed share swap between BP and Rosneft to proceed subject to Rosneft having consented to assign the Arctic opportunity to TNK-BP. […]
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Rosneft and Petróleos de Venezuela signed a memorandum regarding joint projects of the two companies in Venezuela.
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Rosneft Presidnet Igor Sechin on Thursday held a working meeting with Rex Tillerson, Chairman and CEO of Exxon Mobil. “The parties discussed the implementation of ongoing projects, including the construction of an LNG plant on Sakhalin, design solutions for developing of the Northern tip of the Chaivo field, provision of drilling works for the Arctic […]
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Rosneft and ITERA Oil and Gas Company have signed a strategic cooperation agreement for joint exploration and development of gas deposits in Russia. The agreement signed by Rosneft President Eduard Khudainatov and ITERA Oil and Gas Company Chairman of the Board of Directors Igor Makarov envisages the possibility of establishing a joint venture. The joint […]
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BP announced that it has signed heads of terms to sell its 50 per cent share in TNK-BP to Rosneft, the major Russian integrated oil and gas company. Under the heads of terms Rosneft has agreed in principle to buy BP’s share in TNK-BP. The proposed transaction consists of two tranches: (i) BP would sell […]
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The Trump administration has designated Rosneft Trading S.A.
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Business & Finance, Operations & Maintenance
ExxonMobil and Rosneft signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf. The declaration was signed during a meeting between Igor Sechin, president and chairman of the management board of Rosneft, and Rex W. Tillerson, chairman and chief executive officer of […]
