Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft.

Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln.

RN-Aero (Rosneft subsidiary) has signed a cooperation agreement with the leading Jet Fuel supplier Shell Aviation.

BP Plc is in talks to buy a direct stake in an East Siberian oil producer from OAO Rosneft, the Russian oil producer facing U.S. and European financing bans, according to a person with direct knowledge of the matter.

Over and over again, they keep insisting on their Third Energy Package, which the Russian leaders refer to as ‘a very harmful document’, and want Gazprom to unbundle its gas supplying, transporting and marketing businesses; share pipeline space with other gas producers; obey independent regulators and transmission operators; and drop manipulations with prices.

Shale gas was supposed to be Ukraine’s ticket to greater energy independence from Russia. Chevron Corp. (CVX)’s decision to pull the plug has smashed those hopes.

On December 18, Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan.

For now it is only a distant rumble, but many oil executives and advisers believe they can hear it coming: a gusher of oil deals that is set to erupt next year.

Rosneft and Essar Agreed on Key Terms of Oil and Oil Products Supplies to Essar Refineries

Rosneft and Essar Agreed on Key Terms of Oil and Oil Products Supplies to Essar Refineries

The last 48 hours witnessed a frenzy of diplomatic activities by Balkan and Southeastern countries with both Russia and Europe, underlining the importance of this area for the ongoing if relatively silent confrontation between Moscow and Brussels/Berlin.

The head of OPEC said on Sunday the group had no target price for oil, signalling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.

Repsol, the Spanish oil group, is aiming to acquire Talisman Energy of Canada, in a deal that would value the target’s equity at up to $8bn

Halliburton Co. , the world’s second-largest oilfield-services company, said Thursday it will lay off 1,000 employees outside the U.S.

Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid.