Exploration & Production

Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching US sanctions.Trading sources and Refinitiv Eikon data showed Rosneft became...






US energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.Drillers cut 16 oil rigs in the week to Aug. 23, the deepest cut since the week of April 26 and the seventh...






Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million which will make the Geneva-based trading firm the group’s second biggest shareholder.Under the terms of the deal Trafigura will take an 8.5 per cent stake in Frontline valued at $128...






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