Russia & FSU
News
June 21, 2019
Gazprom Neft subsidiary Gazpromneft-GEO has drilled a second horizontal well at Ignyalinskoye field in the Irkutsk Oblast. Commercial inflow is more than double the flowrate at the first well, constructed last year.
News
June 21, 2019
Researchers from MIPT, Skoltech, the Joint Institute for High Temperatures of the Russian Academy of Sciences, and Lomonosov Moscow State University have offered a new approach to oil composition analysis.
News
June 20, 2019
Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe.
News
June 18, 2019
OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date.
News
June 13, 2019
President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up.
News
June 12, 2019
President Donald Trump said Wednesday he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany.
News
June 11, 2019
Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia to reconcile their differences for an extension of the output cut in the second half.
News
June 10, 2019
Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of U.S. exporters, according to Citigroup Inc.
News
June 10, 2019
Saudi Arabia and Russia voiced concerns that falling oil demand could send prices below $40/bbl as they met in Moscow on Monday.
News
June 07, 2019
Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug are to expand their cooperation in developing viable technologies for exploiting Achimovsky-strata oil deposits.
News
June 07, 2019
Gazprom Neft, Repsol and Shell have signed a memorandum of understanding at this year’s St. Petersburg International Economic Forum, establishing a JV to develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula.
News
June 07, 2019
Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
News
June 06, 2019
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, CEO of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2019.
News
June 06, 2019
One year ago, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
News
June 04, 2019
Rosneft has put into commission West Erginskoye field as part of the Erginsky cluster.
News
June 03, 2019
Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports because of contamination.
News
May 29, 2019
The nine blocks that were opened for PSA tenders in February 2019 have received 22 bids from 13 companies.
News
May 28, 2019
Caspian Sunrise has announced that work has commenced on a third core sample taken from Deep Well A8 on the Airshagyl structure at its flagship BNG Contract Area.
News
May 28, 2019
Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the country’s dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climate change as an emergency, Russia is working hard to capitalize on it — and the U.S. appears to be far behind.
News
May 23, 2019
Although compensation for damage caused during a contamination crisis remains a sticking point, Russia and Poland said flows of clean oil through the giant Druzhba pipeline into Europe could resume within 2 1/2 weeks.
News
May 23, 2019
Ukraine has outlined terms for a series of oil and gas licensing rounds with acreage of nearly 25,000 km2.
