Photo: Garry2014 / Shutterstock By Humeyra Pamuk and Daphne Psaledakis WASHINGTON, Feb 18 (Reuters) - The United States on Tuesday ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration said provides a financial lifeline to President Nicolas Maduro's government. The U.S. Treasury … [Read more...]
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...]