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Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there. The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, …

The Russian state has cut its holding in oil giant Rosneft to below a majority stake as part of its deal to buy the group’s Venezuelan assets, announced over the weekend, a source familiar with the details told Reuters. Rosneft, Russia’s largest oil producer, said on Saturday it had sold …

In accordance with the Board of Directors of the Rosneft Oil Company decision amending the terms the share buyback Program UBS acting as an independent bank-agent started to purchase Company stocks and depositary receipts on the open market. On March 23, 2020 at the close of trading on the Moscow …

Board of Directors of the Rosneft Oil Company decided to change the terms of the open market share buyback program also covering depositary receipts (the «Program»). The Program was approved by the Board of Directors of the Rosneft Oil Company in August 2018. Amid high volatility in the oil markets the …

Specialists of Orenburgneft JSC, a Rosneft subsidiary, commissioned the first horizontal wells in the carbonate formations of Perm deposits *. Thanks to the selection of the optimal method for developing subsoil with a complex geological structure, the starting production rate was 100 tons of oil per day. This is a record indicator …

Messoyakhaneftegaz, the Gazprom Neft—Rosneft joint venture, delivered total production of more than 5.6 million tonnes of oil equivalent (mtoe) as at year-end 2019 — a 22-percent increase on 2018. Production at the Vostochno-Messoyakhskoye field (in the Gydan Peninsula, Yamalo-Nenets Autonomous Okrug) reached more than 16,000 tonnes of oil per day. …

Eric Liron, Rosneft’s Vice President for In-House Services, joined the annual round-table meeting of members of the international initiative the Methane Guiding Principles. The meeting of executives from more than 20 signatory oil and gas companies was held in London. The Methane Guiding Principles is a voluntary, international multi-stakeholder partnership …

Rosneft’s specialists have implemented the voice assistant module in an integrated digital environment for monitoring, analyzing and designing RN-KIN fields. Testing the module showed that with the help of a voice assistant, an employee using corporate software throughout the working day will be able to search for the necessary information to …

Rosneft has sold more than 200 commercial licenses for the use of the RN-GRID software package, which is used to perform all operations and engineering calculations in the design of hydraulic fracturing. The largest Russian and international oilfield services and oil and gas companies became software buyers. As part of the …

Specialists of the RN-hydraulic fracturing service company at the Prirazlomnoye field (part of RN-Yuganskneftegaz, a Rosneft subsidiary) conducted a 10,000-well hydraulic fracturing operation with a full design cycle in the first Russian hydraulic fracturing simulator RN-GRID. The introduction of our own simulator for the design of hydraulic fracturing operations ensured …