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Rosneft commenced operational drilling at the Lebedinskoye oil and gas condensate field in the Sea of Okhotsk. It will drill a 5.3 km long horizontal extend reach well under the bottom of the Sea of Okhotsk.

Exxon Mobil unveiled a deal that could involve an invest of $500 billion to get at an estimated 94 billion barrels of oil in the Arctic and Black Sea.

Against a background of escalating tension between the US and Russia over events in Ukraine, oil companies from each country have been working to overcome the numerous challenges of extracting oil from the Arctic Ocean. Having completed one of the largest Arctic expeditions in history to understand the challenges, the partnership has now started to drill.

Prime Minister Narendra Modi on Monday thanked Russian President Vladimir Putin and Petroleum major Rosneft, for their support and

Chavez was the favourite of the Russian defence industry, the Russian oil company Rosneft, a state oil company, has been able to raise Venezuelan oil assets.

The Dow Jones Industrial Average contains some of the biggest and oldest companies out there, but that doesn't mean there aren't still potential bargains.

Oil giant Exxon Mobil saw earnings slip on falling production, but could the earnings report show signs of a major shift for the company in the future?