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India's oil imports from Iran plunge to 1-year low over gas field row

India's oil imports from Iran plunge to 1-year low over gas field row

India`s oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.

Russian energy giant Rosneft's Q2 profit falls 33%

Russian energy giant Rosneft's Q2 profit falls 33%

 Russian oil giant Rosneft said Monday that profits in the second quarter had tumbled by 33 percent from a year earlier on the back of low oil prices. 

Weak ruble helps Gazprom second-quarter profits

The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.

OIL signs MoU with Russia's Gazprom

Oil India Ltd, the second biggest state-run explorer in the country, today signed an agreement with Russia's Gazprom for joint pursuit of exploration opportunities across the globe.

Lithuania fines Gazprom in antitrust case

Lithuania slapped a USD 48.4 million fine on Russian fuels giant Gazprom today over its moves to block competition in this ex-Soviet Baltic EU state.

Azerbaijan resumes gas supply to Russia

Azerbaijan`s state oil company (Socar) resumed gas supplies to Russia, the company`s CEO Rovnag Abdullayev announced.

Gazprom delays Ukraine gas deadline to June 10

Russia's gas giant Gazprom said Wednesday it was giving Ukraine an extra day to start paying for gas ahead of time or risk a cut in its supply.

Russia moves to break up LNG export monopoly

The Russian government took the initial step Wednesday to break up natural gas giant Gazprom's monopoly on exports and allow smaller companies to compete in booming Asian markets.

Russian minister against LNG supply to Europe

Russian Energy Minister Alexander Novak has said he is opposed to liquefied natural gas supplies to the European market, citing Asia-Pacific as a priority market for LNG exports.

Russia's Gazprom world's most profitable firm in 2011

Gazprom netted USD 44.46 billion in profits last year, compared to USD 41.6 billion generated by ExxonMobil, which was the world's most profitable company in 2010.