It is looking to nationalise Gazprom and Rosneft to cut Russian influence in the German market

bp and Shell are among those criticised over their alleged overspending in the Russian energy sector

Rishi Sunak said “there is no argument for new investments in the Russian economy”

The energy giant will take up to $25 billion hit because of the exit

The announcement comes as Western countries ramp up efforts to punish Russia with new sanctions

They will share experience and explore opportunities within areas including reduction of flaring and methane emissions, energy efficiency and reporting of greenhouse gas emissions

It has bought the shares in KrasGeoNac (KGN), which holds 12 conventional onshore exploration and production licences in Eastern Siberia

The company will focus on the development, implementation and operation of industrial Internet of Things applications

Rosneft has bought a 30% stake in the Zohr gas field for $1.125 billion (£850m). The Russian state-owned energy giant acquired the stake, which is the largest in the Egyptian sector of the Mediterranean Sea, from Italian company Eni S.p.A. The agreement stipulates a strategic partnership between Rosneft and Eni, which will own a 60% […]

A Russian energy firm has teamed up with a Finnish company to develop response equipment for oil spills. Rosneft and Lamor Corporation have agreed to set up a joint venture in Russia to evaluate prospects of localising production of the technology for the Arctic region. The equipment will be manufactured at a Rosneft ship building […]