Company Overview and News

 
Golden Years Over for Oil Traders

2018-09-24 rigzone
(Bloomberg) -- After years of easy money, many of the world's biggest oil traders are enduring a brutal new reality.
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7
Russian Oil Giants Offer Bright Spot in Cloudy Economy

2018-08-31 rigzone
The nation’s top crude producers more than doubled their combined profit in the first half, trouncing estimates thanks to a weaker ruble and rebounding prices. And with output curbs easing, the influx of cash is set to continue.
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Iraq says oil production remains stable amid protests

2018-07-16 worldoil
BAGHDAD (Bloomberg) -- Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman.
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Iran touts Russia's plan to invest in its oil with sanctions looming

2018-07-14 worldoil
MOSCOW (Bloomberg) -- Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions.
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Iran Touts Russia's Plan to Invest in Its Oil With Sanctions Looming - Bloomberg

2018-07-13 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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13
Rosneft says it is "comfortable" with $70-$80 oil

2018-06-15 worldoil
The producers working together have “restored balance to the market by cutting oil production,” Russia’s biggest oil company said in a statement Friday, citing comments its CEO Igor Sechin made at a meeting in Moscow on Thursday with Saudi Arabia’s energy minister.
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Russia Said to Boost Oil Output as Commitment to OPEC Cuts Wanes

2018-06-11 rigzone
(Bloomberg) -- Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement.
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Russia loses its edge as oil drop spurs worst ETF flows in year

2018-05-28 worldoil
Investors are pulling cash from the biggest exchange-traded fund tracking Russian assets at the fastest pace in almost a year. Redemptions from the VanEck Vectors Russia ETF, which invests in oil and gas companies including Gazprom PJSC, Rosneft PJSC and Lukoil PJSC, reached $88.9 million last week, the strongest since June 2017, according to data compiled by Bloomberg.
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34
Facebook User Data May Have Gone to Russia, Whistle-Blower Says - Bloomberg

2018-05-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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36
Iraq awards oil and gas blocks as Exxon, Total drop out

2018-04-26 worldoil
Crescent Petroleum Co. of the United Arab Emirates, China’s Geo-Jade Petroleum Corp. and United Energy Group, with headquarters in Hong Kong, won contracts at the auction in Baghdad attended by Oil Minister Jabbar al-Luaibi. ExxonMobil Corp., Total SA, Zarubezhneft OAO, Lukoil PJSC and Gazprom PJSC decided not to bid, Abdul Mahdy Al-Ameedi, director-general for upstream oil contracts, said at the bidding event, without giving a reason.
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3
Opec-Russia talks set to keep oil cuts even as glut vanishes

2018-04-18 themalaymailonline
File picture shows Russian Energy Minister Alexander Novak (left) and Saudi Arabia’s Oil Minister Khalid al-Falih addressing a news conference after an Opec meeting in Vienna November 30, 2017. — Reuters picDUBAI, April 18 — Opec and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place.
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Rosneft said to focus on debt in meeting with investors

2018-04-13 worldoil
Russia’s largest crude producer told investors and analysts in London on Wednesday that it plans no big acquisitions this year and will cut capital expenditures, while also boosting cash flows due to stronger oil prices, according to participants in the discussions. The state-controlled company said those factors would result in a reduction in net debt this year, according to the people, who asked not to be named because the event wasn’t public.
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27
Iraq said to delay oil auction after late contract tweaks

2018-04-13 worldoil
The oil ministry re-scheduled the auction for April 25, said one of the people, who asked not to be identified because the information isn’t public. International energy companies will still participate in the bidding because the prospect of prodigious crude reservoirs outweighs the new contract’s lack of clarity, analysts at Wood Mackenzie Ltd. and the Iraq Energy Institute said.
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31
Russia ETFs Hit by Sanctions and Syria Attack

2018-04-10 zacks
Investors have been pulling out of Russian assets, as latest events spell trouble for such equities. Stocks witnessed their biggest drop in four years after the United States imposed sanctions on Russian billionaires in connection to meddling in the 2016 elections. Moreover, the recent chemical attack in Syria has increased tensions pertaining to U.S.-Russia relations.
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42
Eni, Qatar said to hold talks for deal on giant Mexico field

2018-04-05 worldoil
The Italian oil major, which currently holds 100% of the offshore find in Campeche Bay and expects to start production in early 2019, would sell 20% to 35% to Qatar Petroleum, the people said, asking not to be named because the negotiation isn’t public. Eni is also in talks with other potential suitors, the people said.
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