Rosneft Cancels Rig Contract With North Atlantic Drilling

OSLO, March 25 (Reuters) - Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular, have led the Russian oil group to cancel a North Atlantic Drilling vessel earlier this month and … [Read more...]

Gunvor a Major Winner in Rosneft Oil Tender

MOSCOW, March 17 (Reuters) - Swiss-based trading house Gunvor, which had been trying to cut asset exposure to the Russian market, is among the winners of a large Rosneft tender, traders said on Tuesday. Geneva-based Gunvor, which at one point handled as much as 40 percent of Russia's seaborne exports and was a regular in term deals with companies such as Rosneft and … [Read more...]

Seadrill Unit Says Rosneft Rig Contract Difficult to Conclude as Scheduled

OSLO, March 16 (Reuters) - North Atlantic Drilling warned on Monday it would be difficult to conclude as scheduled a contract with Russia's Rosneft due to weak market conditions and the challenging political environment. Western sanctions against Russia, and Rosneft in particular, have increased concerns about the conclusion of a $4.1 billion deal between the two … [Read more...]

Rosneft and Golar LNG to Cooperate on Floating LNG Projects

(Reuters) - Norwegian shipping company Golar LNG and Russian oil giant Rosneft have signed a preliminary agreement to develop floating liquefied natural gas (LNG) plants in Latin America and potentially elsewhere, Golar said on Thursday. The new concept of floating LNG production has yet to be tested and the first such plant, owned by Pacific Rubiales and built by Belgium's … [Read more...]

Rosneft Pulls the Plug on 2015 Arctic Drilling Plans

By Denis Pinchuk and Katya Golubkova MOSCOW, Jan 30 (Reuters) - Russian state-controlled oil company Rosneft will not be able to resume drilling in the Kara Sea this year after Western sanctions halted its cooperation with ExxonMobil in a major setback for Moscow's energy ambitions, two company sources said. The delay will be a blow to Rosneft, which was spearheading … [Read more...]