Rosneft has Become One of the World Leaders in the Field of Drilling Geological Support
Rosneft’s geological drilling support centers provided 100% control over the well drilling support processes. The accumulated economic effect of the measures taken today is more than 1.2 billion rubles. The company’s specialists have created new areas for the collection and processing of information. This, in particular, interpretation of data from geophysical …
Rosneft: Financial Results for 4Q and 12М 2019
2019 Net income jumped by 29% YoY to RUB 708 bln, including RUB 158 bln in 4Q 2019 2019 dynamics of unit upstream operating costs was lower than industrial producer price inflation 12M 2019 EBITDA increased to RUB 2,105 bln Financial debt and trading liabilities decreased by RUB 907 bln …
Rosneft Joins Leading Oil and Gas Companies in the Water Resources Category of the Global CDP Rating
Rosneft Oil Company joined the leading global oil and gas companies – participants of the international rating in the Water Resources Category under the CDP Project (Carbon Disclosure Project). Taking into account water management decisions, Rosneft’s operations were assigned the “B-” rating, which corresponds to the worldwide average. A total …
Russia’s Rosneft Pledges $5 Billion for ‘Green’ Causes Over Next Five Years
Russian largest oil producer Rosneft (ROSN.MM) has pledged to invest around $5 billion in environmentally friendly projects over the next five years, the company said on Monday. The plans were revealed after BP (BP.L), owner of 19.75% of Rosneft, pledged deep cuts to its carbon emissions by 2050, setting one …
Igor Sechin Reports to the President of the Russian Federation on the Company’s 2019 Operating Results and Prospects of Vostok Oil Project
Vladimir Putin has held a working meeting with Rosneft Oil Company Chief Executive Officer Igor Sechin. The Company’s 2019 results and its promising projects were the main topics of the meeting. According to Igor Sechin, despite the deteriorating international situation, the 2019 results of Rosneft’s operation remained positive. For instance, …
Rosneft Becomes a Constituent of FTSE4Good Stock Index Leading on Core Sustainability Metrics
FTSE Russell, the analytic branch of the London Stock Exchange, has included Rosneft Oil Company in the international FTSE4Good Emerging Index. Rosneft has been awarded the highest mark in the Governance category that comprises corporate governance, risk management, and corruption control. With its performance indicators, Rosneft is ahead of most …
Rosneft Signs Contract with Indian Oil to Supply 2 Million Tonnes of Oil to India
Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2020. The signing took place during the visit of the Chief Executive Officer of Rosneft Igor Sechin to …
Rosneft Joins Leading Oil and Gas Companies in the Global CDP Climate Change Rating
Rosneft Oil Company joined the leading global oil and gas companies – participants of the global CDP (formerly, Carbon Disclosure Project) Climate Change Rating. As a result of an independent assessment, Rosneft was assigned the “B” rating – the highest among the participating Russian oil and gas companies and two …
Rosneft Implements AI System on Drilling Rigs
Rosneft is implementing an artificial intelligence (AI) system on its drilling rigs operating on the fields in Orenburg Region. Specialists from Orenburgneft JSC have conducted successful pilot tests of Russia’s first automated drilling management system. Technological potential development is one of the key items of the Rosneft-2022 Strategy. The Company …
Rosneft Increases Resource Base of Verkhnechonskoye Field
Rosneft has increased the resource base of the Verkhnechonskoye oil and gas condensate field (within the Verkhnechonskoye licence area) by 51.8 million tonnes of oil and condensates in the AB1B2 category and by 66.4 bcm of gas in the B1B2 category. The remaining recoverable reserves of the field have increased …