Rosneft and Exxon discover Arctic oil

Russian energy giant Rosneft says it has discovered oil with its US project partner Exxon Mobil at a controversial well in the Arctic.

US hits Russia's largest bank, energy sector with sanctions

Washington (AFP) - The United States hit Russia's top bank and leading energy and technology companies with sanctions Friday, restricting access to finance and technology to punish Moscow's support for Ukraine's separatist rebels.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

BP drawn into row over Russia's annexation of Crimea

BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.

Russia to double oil, gas flows to Asia by 2035

MOSCOW: Russia plans to at least double its oil and gas flows to Asia over the next 20 years, a draft of its energy strategy showed on Friday, part of a pivot away from export routes to Europe.

Morgan Stanley sells oil trading business to Russia's Rosneft

LONDON/MOSCOW (Reuters) - Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.

Shell Offers Forties Crude; Nigeria Qua Iboe Exports to Increase

Royal Dutch Shell Plc (RDSA), Trafigura Beheer BV and Statoil ASA (STL) failed to sell North Sea Forties crude at lower prices than yesterday.

Russia, China reach $60 bln oil supply deal: Vladimir Putin

SAINT PETERSBURG: Moscow and Beijing have reached agreement on a USD 60 billion contract to ramp up Russian oil supplies to China, part of the two countries' strategy to tighten their energy partnership, Russian President Vladimir Putin said today.

Banks in the dark over $15 billion of promised Rosneft M&A business

LONDON/MOSCOW (Reuters) - Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in asset sales expected to follow the deal, sources familiar with matter said.

Rosneft pays out in historic TNK-BP deal completion

(Reuters) - Russian state oil company Rosneft (ROSN.MM) closed its deal to buy TNK-BP (TNBP.MM) from UK-based BP (BP.L) and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil (XOM.N).

Russia's Rosneft disappoints with fourth quarter profits of £1.2bn

Russian state-controlled oil company Rosneft, in which BP has agreed to buy a 20pc stake, disappointed markets with its fourth-quarter results on Friday.

BP and Rosneft plan TNK integration

Bob Dudley, BP’s chief executive, is to join a steering committee to mastermind the integration of TNK-BP (LSE: BP.L - news) into Rosneft, the companies announced on Thursday.

BP partner Rosneft and Exxon to drill in Siberia

BP has been forced to take a backseat in its drive to expand its Russian operation after its joint venture partner Rosneft confirmed it was to explore for oil in Western Siberia with US rival ExxonMobil.

South African Company to Build U.S. Plant to Convert Gas to Liquid Fuels

WESTLAKE, La. — In an ambitious bet that the glut of cheap natural gas in the United States will last for many years, a South African energy company announced on Monday that it would build America’s first commercial plant to convert natural gas to diesel and other liquid fuels.

BP Returns to Profitability and Raises Dividend

LONDON — BP returned to profitability with a better-than-expected third-quarter profit, prompting the oil giant to raise its dividend.

Rosneft to Buy TNK-BP in $55 Billion Deal

The Russian state-owned energy company Rosneft reached agreements on Monday worth a combined $55 billion that will give it control of TNK-BP, a joint venture parted owned by the British energy giant BP.

Oil giant may need EGM over TNK-BP sale

BP could be forced to hold its first extraordinary general meeting in more than a decade to gain approval for selling out of TNK-BP.

BP plans to buy major stake in Russia's Rosneft

BP plans to acquire a major shareholding in Rosneft if it can sell its stake in troubled venture TNK-BP, but played down hopes it would secure a wider partnership with the Russian state-controlled oil giant.

Russian oil production hits post-Soviet record

Russian leaders have hailed their powerful energy industry as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times.

Russia probes BP venture on behalf of Rosneft

Russia's anti-monopoly service said Wednesday it was probing the British energy group BP's crisis-torn local joint venture TNK-BP on request from the state oil giant Rosneft.