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SINGAPORE, Sept 30 (Reuters) - For tenders of crude and other oil products, please click:

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(Reporting by Jeslyn Lerh)

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Adds Rosneft comment in paragraphs 5-6

Sept 24 (Reuters) - Russia has begun commercial oil exports from Rosneft's ROSN.MM Vostok Oil, its vast Arctic development that Moscow is counting on to lift crude production following years of delays and sanctions.

The launch comes as Russia looks for new sources of production growth after the US shale boom helped propel the US past Russia to become the world's largest crude producer.

State-controlled Rosneft started loading crude in September onto specialised ice-class tankers at its newly built Bukhta Sever terminal on the Taimyr Peninsula, marking the operational debut of a project once billed as capable of producing up to 2 million barrels per day, or around 2% of global oil supply.

For now the exports remain far below those ambitions. Two industry sources expect exports to average about 150,000 bpd this year, with volumes largely supplied from Rosneft's mature Vankor fields.

"Amid growing volatility, the development of the Vostok Oil project will help stabilise global energy markets", Rosneft said, responding to a Reuters request for comment. The company added that the project is being developed in line with "shareholder-approved development strategy".

"As for the quality of the oil supplied by the company, it fully satisfies our customers", Rosneft said.

As development of the northern greenfield assets, particularly Payakha, advances, Rosneft plans to increase exports to around 600,000 bpd by the second half of 2027, before reaching 1 million bpd by 2030, the company said.

In September, Rosneft loaded about 250,000 metric tons of crude from Bukhta Sever across three tankers: the Panamax Valentin Pikul and Aframax Akademik Gubkin, which delivered oil to Murmansk for ship-to-ship transfer, and the Aframax Vladimir Monomakh, which sailed to Asia via the Northern Sea Route, the two sources said and LSEG data showed. A fourth tanker awaits loading, LSEG data showed. Initial buyers of the unnamed grade were unknown.

RUSSIA BETS ON ARCTIC GROWTH

The launch comes at a challenging time for Russia's oil industry.

The US has strengthened its position as the world's largest crude producer and Russian production has struggled to recover. According to US Energy Information Administration data, Russia's oil and condensate output averaged about 9.9 million bpd in 2025, compared with nearly 13.6 million bpd in the United States.

Vostok Oil represents Russia's primary vehicle for long-term production growth. Spanning 13 fields with an estimated 50 billion barrels of low-sulphur crude, the project connects to Bukhta Sever via a dedicated 790-kilometre (491 miles) pipeline and a planned 100-tank storage hub, according to Rosneft.

Western sanctions imposed after 2022 triggered the exit of key international investors, including Trafigura and Vitol, forcing Rosneft to rely on domestic financing and asset sales and causing lengthy delays.

Despite those setbacks, the project remains strategically vital: beyond tapping vast Arctic reserves, Bukhta Sever provides a secure export outlet insulated from drone strikes targeting Russia's Baltic and Black Sea infrastructure amid Moscow's war in Ukraine.

(Reporting by Reuters, Editing by Louise Heavens)

SINGAPORE, Sept 11 (Reuters) - For tenders of crude and other oil products, please click:

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(further updates recent tenders closed)

(Reporting by Jeslyn Lerh)

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Sept 9 (Reuters) - Larsen and Toubro Ltd LART.NS:

• LARSEN AND TOUBRO- L&T WINS LARGE OFFSHORE ORDER FROM ONGC

• LARSEN AND TOUBRO- ORDER VALUED BETWEEN 25 BILLION RUPEES TO 50 BILLION RUPEES

Source text: ID:nnAZN4TJ3NE

Further company coverage: LART.NS

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SINGAPORE, Sept 8 (Reuters) - For tenders of crude and other oil products, please click:

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(further updates recent tenders closed)

(Reporting by Jeslyn Lerh)

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Updates first and second paragraphs with additional companies planning on signing agreements, adds context in paragraphs 3-4, changes ONGC ticker symbol in second-to-last paragraph

By Marianna Parraga and Timothy Gardner

Sept 2 (Reuters) - Oil producers U.S. Chevron CVX.N, Italy's ENI ENI.MI and Colombia's Geopark GPRK.N are among the companies set to sign energy agreements in Venezuela as soon as Wednesday, three sources close to the preparations said.

Other companies planning to ink agreements include power company GE Vernova GEV.N, Denver-based oil service firm Aspect, along with investors KEO Capital KEOC.ST and Primavera, the sources said.

The deals are not linked to the controversial Caracas-Washington deal that gives the U.S. access to 17 large oilfields. Most of the pacts relate to project expansions that have been in negotiation with Venezuela's oil ministry and state oil company PDVSA as part of the migration of dozens of energy contracts to new terms under a sweeping oil reform approved in January.

Still, the flurry of signings represents the latest effort by private companies and governments to revive Venezuela's struggling oil industry, which currently produces about 1.25 million barrels per day, far short of its 3 million barrel-per-day peak reached in the late 1990s.

Most oil majors have eschewed major investment in the country for years, retreating after a 2007 nationalization. The industry has also faltered due to lack of investment, mismanagement and sanctions imposed by the U.S., which is now spearheading a $100 billion investment plan that officials say will double output in coming years.

CHEVRON TO INVEST $7 BILLION

U.S. oil major Chevron plans to invest more than $7 billion to more than double crude production in the OPEC country to about 600,000 barrels per day over the next five years, part of its strategy of expanding joint ventures with PDVSA, it said on Wednesday.

KEO Capital said in a release last week that one of its U.S. subsidiaries had reached an agreement for the Petrourdaneta oil joint venture with PDVSA, following the approval of its board, turning the company into the project's operator and including a $350 million credit facility.

ENI, which shares an offshore gas project with Repsol REP.MC and a shallow water oil project with PDVSA, is seeking to expand oil operations in Venezuela through a new area in the Orinoco Belt, according to separate sources.

The company told Reuters last week it was working with its Venezuelan counterparties to "support the revitalization of the country's energy sector." It declined to provide details.

Colombia-based Geopark and GE Vernova declined comment.

Primavera, an energy firm co-founded by billionaire Fred Ehrsam to invest in Venezuela that has been negotiating at least three oil areas, could not be reached immediately for comment.

Venezuela's Oil Minister Paula Henao and U.S. Secretary of Energy Chris Wright, who arrived in Caracas late on Tuesday, are expected to oversee the signing of the contracts, officials have said.

India's ONGC ONGS.NS has also progressed in negotiations with Venezuelan authorities, which could soon lead to contracts, but it is not expected to be signed at the same event, separate sources said.

ONGC did not reply to requests for comment.

(Reporting by Marianna Parraga in Houston and Tim Gardner in Washington; Editing by Aida Pelaez and David Gaffen)

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By Sheila Dang and Marianna Parraga

HOUSTON, Aug 31 (Reuters) - An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.

A White House fact sheet released late on Monday outlined an arrangement under which private oil firm North American Blue Energy Partners (NABEP) would receive a 100-year lease for 17 oilfields in Venezuela holding some 65 billion barrels of oil reserves. The U.S. will take a 35% equity stake in the corporate parent company, receive a guaranteed 20% of the oil production and hold a right-of-first-refusal to purchase all of the remaining output.

NABEP is controlled by Venezuelan businessman Alejandro Betancourt, who has been the subject of investigations by U.S. and European authorities following past dealings with the Venezuelan government, although he was never charged. He has previously denied allegations against him.

"Oil majors and large foreign companies negotiating contract migrations want to make sure they will not be seated at the same table with Betancourt," said a person involved in preparations for an event where energy contracts are expected to be signed this week.

NABEP, which produces around 170,000 barrels of oil a day, did not immediately respond to a request for comment for this story. In an emailed company statement after the White House released details of the agreement, Betancourt said that the transaction would "unleash that potential to the great benefit of both Venezuelans and Americans."

"Mr. Betancourt has been in the Venezuelan oil industry for more than 15 years with a consistent track record of success, most recently at the helm of NABEP, where he rapidly scaled the company's production," the company said in the statement, adding it has a near-term goal of increasing production to more than 1 million barrels of oil per day.

Others may be more cautious, illustrating the uphill battle President Donald Trump faces to convince major U.S. oil companies, particularly ExxonMobil XOM.N and ConocoPhillips COP.N, to invest in Venezuela and quickly expand the country's oil production.

Both companies left Venezuela in 2007 after their assets were nationalized by the government of former President Hugo Chavez, and both have repeatedly said that their requirements of legal certainty and contract sanctity have not yet been met to reenter the country.

Trump told reporters on Monday that Exxon was among the companies going into Venezuela, without elaborating.

ExxonMobil declined to comment when asked about Trump's statement. A ConocoPhillips spokesperson referred to an earlier statement that said any investment decision would be guided by a number of factors, including policy stability and adherence to the rule of law.

U.S. GOVERNMENT COULD BECOME COMPETITOR

The planned structure and the massive assets NABEP could accumulate in the OPEC country are raising concerns that American oil companies could face competition from the U.S. government itself in Venezuela, the sources added.

That could add more obstacles to Trump's goal of increasing Venezuela's oil output and exports to boost U.S. reserves, said Alejo Czerwonko, chief investment officer of emerging markets for UBS.

"You would need sizable investment and know-how from the likes of Exxon and ConocoPhillips," he said. "How do you lure these companies into the country?"

"There's still a lot of unknowns and confusing elements," said Radhika Bansal, a senior vice president at Rystad Energy, in an interview earlier on Monday before the White House published details about the agreement.

There are, however, some deals getting done.

Chevron - the largest U.S. oil producer in Venezuela and which never left the country - along with Italy's Eni ENI.MI, India's ONGC, Colombia's GeoPark GPRK.N and U.S. GE Vernova GEV.N are on track to sign agreements for energy projects in Venezuela this week, Reuters reported on Monday.

Those deals, and others, including licenses recently granted to Shell SHEL.L and BP BP.L for major offshore gas projects, are separate from the U.S. endeavor with NABEP.

Most of those companies and dozens more have been in negotiations since the beginning of the year to migrate their existing contracts in Venezuela to new terms authorized in a sweeping energy reform, which also encourages project expansions.

Chevron is trying to add at least one new block in the vast Orinoco Belt to its portfolio and also aims to negotiate an area in Monagas North that could become a source of diluents for its extra-heavy oil output.

(Reporting by Sheila Dang and Marianna Parraga in Houston; Editing by Nathan Crooks and Jacqueline Wong)

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Adds details in paragraphs 3 and 9, Vance's comments in paragraphs 9-11

By Marianna Parraga and Deisy Buitrago

HOUSTON/CARACAS, Aug 31 (Reuters) - U.S. companies Chevron CVX.N and GE Vernova GEV.N, India's ONGC, Italy's Eni ENI.MI and Colombia's GeoPark GPRK.N are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects in the OPEC country, five sources close to the preparations said.

Most of the pacts imply completion of a six-month migration of oil contracts to an amended hydrocarbon law now giving more flexibility to foreign firms to expand and operate oilfields, export the barrels and cash sale proceeds, the sources said. Others set terms for new energy and electricity projects.

The list of companies lining up to sign has not been finalized as executives are rushing to complete negotiations at the last minute, two of the sources said.

Chevron's agreements with Venezuela are expected to be "of significant size," according to one of the sources.

The company is trying to add a block in the vast Orinoco Belt to its portfolio, which would allow one of its joint projects with state-run PDVSA to expand, two sources said, and Chevron also aims to negotiate an area in Monagas North that could become a key source of diluents for its extra heavy oil output.

Eni said it was working with its Venezuelan counterparties and any other authorities to "support the revitalization of the country's energy sector."

Chevron, GE Vernova, ONGC, GeoPark, Venezuela's oil ministry and state-run energy firm PDVSA did not immediately reply to requests for comment.

The agreements, which could be inked as early as this week, are separate from a massive Caracas-Washington pact announced last week for the U.S. to lock in a stake in 17 oilfields with some 64 billion barrels of proved reserves, a fifth of Venezuela's total crude reserves.

The 17 fields, in the vast Orinoco Belt and Lake Maracaibo, are expected to produce as much as 1.5 million barrels per day (bpd) of crude in the long term, which would more than double Venezuela's current output of 1.25 million bpd, authorities have said.

Asked when the Venezuela oil deal would lead to increased oil production, U.S. Vice President JD Vance said there was already "a significant increase in oil production out of Venezuela."

"They're (oil prices) sort of much more stable in part because what we see coming out of Venezuela," he told reporters. "The 65 billion-barrel reserve is a big part of that we're already seeing."

(Reporting by Marianna Parraga and Sheila Dang in Houston and Deisy Buitrago in Caracas; additional reporting by Jacob Bogage at Joint Base Andrews. Editing by Nathan Crooks, Timothy Gardner and David Gregorio)

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SINGAPORE, Aug 24 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

(Reporting by Jeslyn Lerh)

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