North Atlantic Drilling Ltd. (NADL), the rig company controlled by billionaire John Fredriksen, will extend a deadline to complete deals with Russia’s OAO Rosneft (ROSN) that include $4.25 billion in contracts amid concern over trade sanctions, a person familiar with discussions said.

Liberalization of the Russia gas sector, which has remained the domain of state-controlled Gazprom that has enjoyed export and transit monopoly since the collapse of the USSR, has been discussed for at least a couple of years.

Russian oil and gas production hasn't been affected by Western sanctions

A Bad Gas Deal For Ukraine As Europe Looks After Its Own Interests

Rosneft Oil Company is astonished by the publication in the Kommersant Newspaper that refers to participation of the company in preparation of some "proposals" related to counter sanctions.

9M14 results: new unique field discovered in the Kara Sea, daily HC production increased by 5.0%, free cash flow increased by a factor of 2.7, EBITDA increased by 28.9%, declared dividend payout of 136 bln rubles

When energy analysts and the media discuss the price of crude oil, they are typically referring to one of a small group of specific types of crude oil that are widely and actively bought and sold. The use of such benchmark crudes makes it easier for buyers and sellers to price the variety of crudes that are produced around the world.

"Роснефть" предложила президенту Владимиру Путину целый комплекс мер по поддержке экономики в условиях кризиса и санкций. Список обширен — от ограничения захоронений ядерных отходов до фактической экспроприации иностранного оборудования. Часть мер выглядит откровенным выпадом даже не против Запада, а против "Газпрома", позиции которого на рынке газа пытается оспаривать "Роснефть". В основном же компания требует беспрецедентных льгот для отрасли и самой себя.

BP today reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion.

По сведениям Forbes, Леонид Федун хочет продать принадлежащие ему 9,77% «Лукойла». Один из возможных покупателей – государственная «Роснефть»

Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.

Sechin: Rosneft plans in Italy Pirelli and Saras, no hegemony of management

Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn

Gunvor to reduce footprint in Russia

Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at.