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The Latest Breaking News from Rosneft

BP Shares Move Higher On Bumper Q1 Profits Of $6.2B, Announces $2.5B Share Buyback

BP plc’s (NYSE:BP) profits more than doubled to $6.2 billion in Q1, helped by soaring oil and gas prices, despite posting a massive loss after offloading its nearly 20% stake in a Russian-controlled oil company Rosneft (OTC: RNFTF). The company reported Q1 adjusted EPS of $1.92, more than double from $0.78 posted a year ago…

Benzinga

BP profits skyrocket amid demands for windfall tax to tackle cost of living

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls grow for a…

The National (Scotland)

BP promises to ‘back Britain’ with £18 billion as profits hit highest since 2008

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

Evening Standard

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UK factories raise prices at record pace; windfall tax calls grows as BP earnings swell – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BP profits double to $6.2bn, fuelling calls for energy windfall tax

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

The Guardian - UK

BP’s £5bn profit triggers fresh calls for energy windfall tax

BP posted its best quarterly earnings in more than a decade as the government comes under pressure to do more to ease the cost of living crisis

Evening Standard

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

The Guardian - UK

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Russian ex-minister jailed for bribery granted parole

Russia’s former economic development minister sentenced for eight years on bribery charges has been granted parole

The Independent UK

Govt asks state-run petroleum firms to consider buying Russian oil assets

The call on companies to explore buying the stake in Rosneft came after BP CEO Bernard Looney met Petroleum Minister Hardeep Singh Puri in March

The Hindu

Putin’s lapdog wears Prada: Chechen leader Kadyrov poses on TikTok while his men kill civilians in Ukraine

Beyond the brutality and bloodshed associated with Chechnya’s militia, Ramzan Kadyrov is using Russia’s war and posturing on social media to boost his standing with Vladimir Putin, reports Borzou Daragahi

The Independent UK

In France, a seized superyacht creates headaches, not just for its owner

In a quiet corner of the French Riviera, La Ciotat Shipyards said it is writing bills for mooring fees for the towering white superyacht Amore Vero, but it doesn't know who to send them to.

Reuters

Lithuania first country to stop using Russian gas in milestone anti-Ukraine war move

The Lithuanian Government announced that from the start of April the country has been operating without Russian gas before slamming the EU - which gets 40% of its crude from Gazprom - for failing to cut off its reliance on Russian energy

Daily Mirror

Was this photo of Chechen leader Kadyrov praying in a petrol station taken in Ukraine?

A photo claiming to show the Head of the Chechen Republic Ramzan Kadyrov has made the rounds on social media and on international media outlets. In the photo, Kadyrov is said to be praying in a petrol station in Mariupol, the Ukrainian port city where Chechen fighters are currently helping…

France 24

Live updates | Chinese diplomat suggests moves to end war

A Chinese diplomat has a suggestion for resolving the Ukraine conflict: U.S. President Joe Biden should call Russian President Vladimir Putin and promise there will be no further NATO expansion, no deployment of strategic weapons in Ukraine and that the country will remain neutral

The Independent UK

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Evening Standard

Russian stocks rally as Moscow Stock Exchange partially re-opens

Trading is only allowed for 33 key stocks on the Moex Russia Index

Reuters

Factbox-UK imposes new sanctions on Russian elites and businesses

Britain on Thursday imposed new sanctions on Russian elites and businesses, targeting strategic industries including a defence company that makes drones, major shipping group Sovcomflot and top lender Gazprombank.

The Independent UK

Russian stock market, crushed by war, will partially reopen

Russia plans to reopen its stock market for limited trading on Thursday, nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine

The Guardian - UK

Ex-minister who warned on sanctions works for oil trader linked to Russia

Alan Duncan’s employer Vitol has stake in vast Arctic exploration project backed by the Putin regime

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news in one place.

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Evening Standard

BP boss Bernard Looney sees pay nearly double to £4.5 million

The bumper pay out comes amid soaring oil and gas prices but BP insists the increased reward is not linked

The Guardian - UK

BP boss Bernard Looney’s pay almost doubles to £4.5m in 2021

Remuneration package includes £142,000 wage increase and £2.4m in bonuses for financial performance

Reuters

Three Rosneft staff balked at attending Crimea show amid war, sources say

Three employees of Russian oil giant Rosneft said they had resisted pressure to attend a celebratory show in a Moscow stadium on Friday to mark the eighth anniversary of Russia's annexation of Crimea from Ukraine.

The Independent UK

Mega yacht ‘owned by oligarch and Putin ally Igor Sechin’ seized by Spanish authorities

Crescent is the oil tycoon’s second boat to be detained since sanctions took effect

Reuters

EU to tighten sanctions on Russian oil companies, but stops short of import ban - source

European Union states are set to adopt new sanctions against Russia's oil majors Rosneft, Transneft and Gazprom Neft, but will continue to buy oil from them, an EU source told Reuters on Monday.

Reuters

UK imposes asset freezes on Abramovich, Rosneft boss Sechin

Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel bans because of their links to Russian President Vladimir Putin.

The Guardian - UK

UK politics: Boris Johnson says he fears Putin may use chemical weapons in Ukraine – as it happened

PM says Russian claims about enemies getting ready to use chemical weapons echoes what happened before the use of chemical weapons in Syria

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