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Moody’s: Russia Sanctions Hamper Rosneft, Gazprom Debt Refinancing

Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report by Moody’s Investors Service said. Moody’s said there was a very significant bank and bond debt maturity hurdle for Russian companies concentrated among Rosneft and state-controlled gas company Gazprom in 2015. Russian companies are facing tougher …

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Rosneft and Russian Geographical Society Held Round Table Meeting on Scientific Development of Arctic

Rosneft and Russian Geographical Society have held a round table meeting on Scientific Arctic Development in Rosneft research center. Scientists have discussed the possibility of elaborating a special scientific, interdisciplinary program on complex research of Arctic region. The peculiarities of anthropogenic activities are taken into account, including ecological regulations of …

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Rosneft To Conduct Marine Monitoring in the Northern Sea Route

OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas with …

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Rosneft Statement Regarding Being Entered on OFAC Sectoral Sanctions List

In connection with Rosneft being included in the OFAC sectoral sanctions list, the Company is willing to state as follows: Rosneft has no influence on either political or economic processes ongoing in Ukraine. For this reason, the above-mentioned sanctions are illegitimate and groundless. Rosneft is a public company traded on …

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Rosneft Chosen the Only Fuel Supplier for EMERCOM for 2 Years

According to the command of Russian Federation Government, NK Rosneft and its subsidiaries have been chosen the only fuel suppliers of motor and aviation fuel for Russian EMERCOM for 2 years. Rosneft will supply fuel for use of State EMERCOM Fire-Fighting Service by means of rail transport at the territory …

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Rosneft, HRT and Petrobras Agreed to Study the Possibility of Gas Monetization in the Solimões Basin

Rosneft President, Chairman of the Managing Board Igor Sechin, HRT CEO Milton Franke and Petrobras Director of Gas and Energy Jose Alcides Santoro Martins signed a Memorandum of Understanding on cooperation to study development schemes for a joint monetization of gas in the Solimões Project in the Amazon region. The …

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Weatherford: Confirms Rig Operation Sales to Rosneft for $500m USD Cash

Weatherford International plc  entered into agreements with Rosneft for the sale of the Company’s land drilling and workover operations in Russia and Venezuela. The consideration is $500 million in cash. The Russian rig operations include 61 land drilling crews and a fleet of workover rigs, essentially pulling units while the Venezuela operations include 6 land drilling rigs. The …

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Igor Sechin Held Negotiations in Venezuela

Rosneft President Igor Sechin held talks with the Minister of Popular Power for Oil and Mining and President of Petróleos de Venezuela, SA (PDVSA ), Rafael Ramirez Carreno. The parties discussed a wide range of issues regarding current cooperation between the companies, Rosneft activities in Venezuela and the outlook of …

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Rosneft Acquires Oil Field Services from Weatherford International

Rosneft President Igor Sechin and Vice President of Weatherford International plc. for Russia Lance Marklinger signed an agreement for the acquisition of Rosneft land drilling and workover assets of Weatherford in Russia and Venezuela. The agreement envisages the acquisition of 8 companies (part of the Weatherford group) involved in drilling …

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Rosneft Representatives Joined the Board of Directors of Pirelli & C. S.p.A.

A previously announced deal of purchasing of 50% share of Camfin, the company holding 26.19% of Pirelli & C. S.p.A. stake is bought in using the funds of pension funds and financial institutions involved on the principles of the project lending with the participation of Rosneft. The share in the …

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