Energy in Russia http://www.globalpost.com/taxonomy/term/29186/all en Russian oil giant Rosneft posts record 2012 profit http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russia's state oil giant Rosneft on Friday posted a record profit of $11.4 billion (8.4 bn euros) in 2012 thanks to rising crude production and a sharp year-on-year jump in its output of natural gas.</p> <p>The stellar results for Russia's largest oil company capped a year in which it agreed to take control of the country's number four producer TNK-BP and established a lucrative joint venture with the gas exploration firm Itera.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit" target="_blank">read more</a></p> Business Energy in Russia Rosneft Yukos AFP Fri, 01 Feb 2013 13:00:15 +0000 Agence France-Presse 5742955 at http://www.globalpost.com Russian oil giant Rosneft posts record 2012 profit http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russia's state oil giant Rosneft on Friday posted a record profit of $11.4 billion (8.4 bn euros) in 2012 thanks to rising crude production and a sharp year-on-year jump in its output of natural gas.</p> <p>The stellar results for Russia's largest oil company capped a year in which it agreed to take control of the country's number four producer TNK-BP and established a lucrative joint venture with the gas exploration firm Itera.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit-0" target="_blank">read more</a></p> Business Energy in Russia Rosneft Yukos AFP Fri, 01 Feb 2013 13:30:29 +0000 Agence France-Presse 5743004 at http://www.globalpost.com Russian oil giant Rosneft posts record 2012 profit http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russia's state oil giant Rosneft reported a record annual profit of $11.4 billion (8.3 billion euros) on Friday ahead of a year in which output should double thanks to the acquisition of BP's local joint venture.</p> <p>The stellar 2012 results from the company, Russia's biggest producer of crude, capped a busy 12 months in which it also struck a joint venture with the gas exploration firm Itera that is aimed at conquering untapped Arctic reserves.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/russian-oil-giant-rosneft-posts-record-2012-profit-1" target="_blank">read more</a></p> Business Energy in Russia Rosneft Yukos AFP Fri, 01 Feb 2013 15:00:41 +0000 Agence France-Presse 5743100 at http://www.globalpost.com UPDATE 1-Russia pipeline boss signals battle with traders, Summa http://www.globalpost.com/dispatch/news/thomson-reuters/130211/update-1-russia-pipeline-boss-signals-battle-traders-summa <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds detail)</p> <p>By Melissa Akin</p> <p>MOSCOW, Feb 11 (Reuters) - The head of Russia's state oil pipeline monopoly, Transneft, signalled on Monday it was lining up for battle against private magnates who built their fortunes around the company's export infrastructure.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130211/update-1-russia-pipeline-boss-signals-battle-traders-summa" target="_blank">read more</a></p> Energy in Russia Nikolay Tokarev Rosneft Thomson Reuters Mon, 11 Feb 2013 15:15:20 +0000 Thomson Reuters 5752741 at http://www.globalpost.com EXCLUSIVE-Russia plans $25-$30 bln oil-for-loans deal with China http://www.globalpost.com/dispatch/news/thomson-reuters/130213/exclusive-russia-plans-25-30-bln-oil-loans-deal-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Rosneft wants to raise up to $30 bln from China</p> <p>* Russia may double oil deliveries to China</p> <p>* Share of oil deliveries to Europe steadily decreasing</p> <p>By Dmitry Zhdannikov and Vladimir Soldatkin</p> <p>LONDON/MOSCOW, Feb 13 (Reuters) - Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/exclusive-russia-plans-25-30-bln-oil-loans-deal-china" target="_blank">read more</a></p> Economy of Asia Energy in Russia Rosneft Thomson Reuters Wed, 13 Feb 2013 15:48:26 +0000 Thomson Reuters 5754640 at http://www.globalpost.com URGENT ¥¥¥ Rosneft signs Alaska oil field deal with ExxonMobil: reports http://www.globalpost.com/dispatch/news/afp/130213/urgent-rosneft-signs-alaska-oil-field-deal-exxonmobil-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russia's state oil giant Rosneft signed Wednesday an agreement with ExxonMobil to participate in a major project owned by the US super-major in Alaska, state media said.</p> <p>The deal for the Point Thomson project, signed by Rosneft chief executive Igor Sechin and ExxonMobil exploration head Stephen Greenlee in the presence of President Vladimir Putin, extends a strategic agreement that the two companies signed last year focusing on Russia's Arctic offshore field development.</p> <p>zak/sjw/rl</p> Energy in Russia Rosneft Technology Yukos AFP Wed, 13 Feb 2013 16:00:44 +0000 Agence France-Presse 5754698 at http://www.globalpost.com EXCLUSIVE-Russia plans $25-$30 bln oil-for-loans deal with China http://www.globalpost.com/dispatch/news/thomson-reuters/130213/exclusive-russia-plans-25-30-bln-oil-loans-deal-china-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Rosneft wants to raise up to $30 bln from China</p> <p>* Russia may double oil deliveries to China</p> <p>* Share of oil deliveries to Europe steadily decreasing (Adds more quotes, details throughout)</p> <p>By Dmitry Zhdannikov and Vladimir Soldatkin</p> <p>LONDON/MOSCOW, Feb 13 (Reuters) - Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/exclusive-russia-plans-25-30-bln-oil-loans-deal-china-0" target="_blank">read more</a></p> Energy in Russia Rosneft Yukos Thomson Reuters Wed, 13 Feb 2013 16:31:02 +0000 Thomson Reuters 5754726 at http://www.globalpost.com Rosneft signs Alaska gas field deal with ExxonMobil http://www.globalpost.com/dispatch/news/afp/130213/rosneft-signs-alaska-gas-field-deal-exxonmobil <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Rosneft signed Wednesday an agreement with ExxonMobil giving the the US super-major access to seven Arctic fields in exchange for the Russian firm's possible participation in a lucrative Alaskan gas project.</p> <p>The agreement -- signed by Rosneft chief executive Igor Sechin and ExxonMobil exploration head Stephen Greenlee in the presence of President Vladimir Putin -- extends a strategic agreement that the two companies signed in 2011 focusing on Russia's Arctic offshore field development.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/rosneft-signs-alaska-gas-field-deal-exxonmobil" target="_blank">read more</a></p> Energy in Russia ExxonMobil Rosneft Technology Yukos AFP Wed, 13 Feb 2013 16:31:24 +0000 Agence France-Presse 5754727 at http://www.globalpost.com EXCLUSIVE-Russia plans $25-$30 bln oil-for-loans deal with China http://www.globalpost.com/dispatch/news/thomson-reuters/130214/exclusive-russia-plans-25-30-bln-oil-loans-deal-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Rosneft wants to raise up to $30 bln from China</p> <p>* Russia may double oil deliveries to China</p> <p>* Share of oil deliveries to Europe steadily decreasing</p> <p>* Rosneft says not in talks with China on loans (Adds Rosneft comment)</p> <p>By Dmitry Zhdannikov and Vladimir Soldatkin</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/exclusive-russia-plans-25-30-bln-oil-loans-deal-china" target="_blank">read more</a></p> Energy in Russia Rosneft Yukos Thomson Reuters Thu, 14 Feb 2013 06:15:30 +0000 Thomson Reuters 5755231 at http://www.globalpost.com RPT-EXCLUSIVE-Russia plans $25-$30 bln oil-for-loans deal with China http://www.globalpost.com/dispatch/news/thomson-reuters/130214/rpt-exclusive-russia-plans-25-30-bln-oil-loans-deal-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Repeats story published on Feb. 13 with no change to text.)</p> <p>* Rosneft wants to raise up to $30 bln from China</p> <p>* Russia may double oil deliveries to China</p> <p>* Share of oil deliveries to Europe steadily decreasing</p> <p>* Rosneft says not in talks with China on loans</p> <p>By Dmitry Zhdannikov and Vladimir Soldatkin</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/rpt-exclusive-russia-plans-25-30-bln-oil-loans-deal-china" target="_blank">read more</a></p> Energy in Russia Rosneft Yukos Thomson Reuters Thu, 14 Feb 2013 09:01:42 +0000 Thomson Reuters 5755291 at http://www.globalpost.com Russian firm to pay Venezuela $1.1 bn in joint oil venture http://www.globalpost.com/dispatch/news/afp/130214/russian-firm-pay-venezuela-11-bn-joint-oil-venture <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russian oil giant Rosneft will pay Venezuela $1.1 billion to take part in a joint oil-extraction venture in the crude-rich southeast, Energy Minister Rafael Ramirez announced Wednesday.</p> <p>That payment would come on top of $1.5 billion in earlier agreed to financing provided by the Russian firm for the project, Ramirez said.</p> <p>"The Russian company will have to make a bond payment to the government in the amount of 1.1 billion dollars for it participation," in the venture, the minister said during a news conference.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130214/russian-firm-pay-venezuela-11-bn-joint-oil-venture" target="_blank">read more</a></p> Energy in Russia oil Rosneft Yukos AFP Thu, 14 Feb 2013 19:13:40 +0000 Agence France-Presse 5755863 at http://www.globalpost.com EXCLUSIVE-Rosneft sees TNK-BP closure 3 months before deadline - source http://www.globalpost.com/dispatch/news/thomson-reuters/130222/exclusive-rosneft-sees-tnk-bp-closure-3-months-deadline-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Updates with detail, background, comment from parties involved)</p> <p>By Andrew Callus</p> <p>LONDON, Feb 22 (Reuters) - Rosneft plans to take control of rival Russian oil company TNK-BP by April 1, completing one of the sector's biggest takeovers three months early, an industry source with knowledge of the deal said.</p> <p>State-owned Rosneft is buying the business for $55 billion from its 50-50 owners, the private Russian consortium AAR and British oil company BP, in two separate deals.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130222/exclusive-rosneft-sees-tnk-bp-closure-3-months-deadline-source" target="_blank">read more</a></p> BP Business Disaster Energy in Russia Labor Law Rosneft Thomson Reuters Fri, 22 Feb 2013 12:00:32 +0000 Thomson Reuters 5763207 at http://www.globalpost.com BP lost again in Arctic deal to ExxonMobil -sources http://www.globalpost.com/dispatch/news/thomson-reuters/130304/bp-lost-again-arctic-deal-exxonmobil-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Melissa Akin</p> <p>MOSCOW, March 4 (Reuters) - BP, which lost its first deal to drill for oil in Russia's Arctic to ExxonMobil, tried to negotiate a new deal with Russian state oil company Rosneft and was again beaten to the punch by its U.S. rival.</p> <p>ExxonMobil won access to the Arctic Laptev Sea fields, where Rosneft's prospective reserves amount to 36 billion barrels of oil equivalent, under a deal last month, but three industry sources said BP had also been in talks with Rosneft to explore several blocks there.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130304/bp-lost-again-arctic-deal-exxonmobil-sources" target="_blank">read more</a></p> BP Business Economy of Alaska Energy in Russia Rosneft Thomson Reuters Mon, 04 Mar 2013 19:00:59 +0000 Thomson Reuters 5773132 at http://www.globalpost.com RPT-BP lost again in Arctic deal to ExxonMobil -sources http://www.globalpost.com/dispatch/news/thomson-reuters/130305/rpt-bp-lost-again-arctic-deal-exxonmobil-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Melissa Akin</p> <p>MOSCOW, March 4 (Reuters) - BP, which lost its first deal to drill for oil in Russia's Arctic to ExxonMobil, tried to negotiate a new deal with Russian state oil company Rosneft and was again beaten to the punch by its U.S. rival.</p> <p>ExxonMobil won access to the Arctic Laptev Sea fields, where Rosneft's prospective reserves amount to 36 billion barrels of oil equivalent, under a deal last month, but three industry sources said BP had also been in talks with Rosneft to explore several blocks there.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130305/rpt-bp-lost-again-arctic-deal-exxonmobil-sources" target="_blank">read more</a></p> BP Business Economy of Alaska Energy in Russia Rosneft Thomson Reuters Tue, 05 Mar 2013 10:15:17 +0000 Thomson Reuters 5773668 at http://www.globalpost.com Rosneft deal to put China top of Russia's oil customers http://www.globalpost.com/dispatch/news/thomson-reuters/130320/rosneft-deal-put-china-top-russias-oil-customers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Vladimir Soldatkin and Denis Pinchuk</p> <p>MOSCOW (Reuters) - Russia will sharply boost oil supply to China, making Beijing its top customer, in a package of deals to be signed this week, industry sources said on Wednesday.</p> <p>Russia's top crude producer Rosneft will increase exports to China by some 34 million tonnes to around 50 million tonnes (1 million barrels per day) by 2018, the sources told Reuters.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130320/rosneft-deal-put-china-top-russias-oil-customers" target="_blank">read more</a></p> Energy in Russia Rosneft Yukos Thomson Reuters Wed, 20 Mar 2013 19:15:29 +0000 Thomson Reuters 5789112 at http://www.globalpost.com