Exxon withdrawal and CEFC chief’s fall from grace double whammy for Rosneft

In what can without exaggeration be described as a bad day at the office,  Rosneft was…

International consortium signs up to super-deep Caspian drilling project

An international consortium involving  Chinese, Italian, Californian, Azeri and  Kazakh companies has agreed to drill for…

Exxon in bid to resume Russian JV

Exxon Mobil has applied to the Treasury Department for a waiver from US sanctions on Russia in…

Vitol and NIOC pre-empt Trump with $1bn pre-finance Iranian oil deal

Vitol, the world’s largest oil trader, has agreed to provide the National Iranian Oil Company (NIOC)…

Italian regulators probe finances behind Glencore-Rosneft deal

Financial regulators in Rome are examining whether Intesa Sanpaolo’s financing of  Glencore‘s recent investment in Russian…

Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake

Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…

Total boss hoping to unlock $27bn Yamal LNG funding by year end

Yamal LNG: Total  CEO Patrick Pouyanne expects  to be able unblock the $27bn worth of funding that it has put…

Rosneft to invest £14bn in Venezuelan oil and gas sector

Rosneft has agreed to invest $14bn in the Venezuelan oil and gas sector, the country’s President Nicolas…

BG acquisition may force Shell to sell stake in Karachaganak

Karachaganak: Royal Dutch Shell’s forthcoming acquisition of the BG Group exploration company may trigger the forced sale…

Iran considers buying equity stake in TANAP pipeline

Iran is considering buying a stake in the TANAP Trans  Anatolian Pipeline which is being built to…

Chinese banks agree to lend Yamal LNG JV 50% of plant construction costs

Yamal LNG: Chinese banks have signed an agreement to extend $13.5bn of credit towards the construction of…

UK gives Fridman six months to sell North Sea assets

The UK government has given Mikhail Fridman six months to sell the dozen North Sea oil and…

Russia to advance Greece €5bn against Turkish Stream profits

Russia to advance Greece €5bn: According to reports on Germany’s  Spiegel Online website, Russia is planning to…

Russia may lend Greece cost of Turkish Stream extension

Turkish Stream extension: Russia is considering lending Greece the funds to build an extension to the Turkish…

Uzbekneftegaz launches $7.1bn energy program

Uzbekneftegaz, Uzbekistan’s state-owned oil and gas concern, is to spend over $7bn this year on 39…

Total turns to China for Yamal LNG funding

Total turns to China: The CEO of French oil & gas giant Total Patrick Pouyanné has…

Ukraine to borrow $1bn for natural gas reserve

Ukraine to borrow $1bn for natural gas reserve: Ukraine is planning to borrow $1bn to establish a strategic reserve…

Egypt and Gazprom close to signing LNG deal

Egypt and Gazprom: Egyptian officials are close to finalising a deal with Russia’s Gazprom for the…

Gazprom postpones IPO as Q3 EBITDA drops by 40%

Gazprom postpones IPO: Ahead of a series of presentations to potential investors in Hong Kong and…

Dagong AAA rating for Gazprom opens way for Hong Kong listing

Dagong AAA rating for Gazprom: China’s Dagong Global rating agency has given Gazprom its highest possible…

Sliding oil prices cost investors $393bn since June, Bloomberg calculates

Sliding oil prices have wiped $ 393bn off the shares of 76 companies in the Bloomberg Intelligence North…

Russia to switch off Ukrainian pipeline by 2020, warns Miller

Russia to switch off Ukrainian pipeline: Gazprom President Alexi Miller this week gave notice that Russia is…

Schlumberger to spend $1.7bn on minority stake in EDC

The US oilfield services firm Schlumberger  has announced that it is to  buy a 45.65% stake in…

Orinoco Belt fields in Venezuela to be developed with Russian help

Orinoco Belt: Russian investment and participation in the development of Venezuela’s onshore Orinoco Belt oil reserves…