Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...

India and Russia are deepening energy ties. Discussions have focused on gas supplies and joint ventures for hydrocarbon development. Russia...

Ukrainian drones attacked a Russian oil refinery overnight. This is the latest long-range strike targeting Russia's oil industry. President...

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Oil an...

A Ukrainian drone attack hit Russia's Tuapse port, causing a fire and killing at least one person. This major southern port is a key oil ex...

The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a ...

Indian Oil has an annual oil purchase deal with Rosneft, which is renewed annually. It has emerged as one of the largest buyers of Russian ...

Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading, meaning the b...

BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion.

Rosneft is seeking compensation for production between July 10, 2015 and May 31, 2018 through "unjust enrichment and interest gained by usi...

"Our companies are looking into the offer. They are mulling if they can take some of that equity. They are looking into it," Dharmendra Pra...

Oil India (OIL), Indian Oil (IOC) and Bharat Petroresources signed a preliminary agreement with Rosneft last month for a potential partners...

ONGC Videsh along with Indian Oil Corporation (IOC), Oil India and Bharat Petroleum is in talks to buy about 35 percent additional stake in...

Hot on the heels of OVL's $1.27 billion deal to buy stake in Vankor oilfield of Russia, IOC has expressed interest in taking 5-10%stake in ...

The MoU is part of Putin's energy engagement as he seeks to expand trade links with Asian nations to counter sanctions from the US and its ...

OVL already has 20% stake in Sakhalin-1 oil&gas field in Far East Russia & in 2009 acquired Imperial Energy, which has fields in Siberia, f...