Russia
News
January 03, 2018
Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.
News
January 02, 2018
After ending 2017 at a two-year high, oil prices could go either way this year, and these five individuals could play defining roles.
News
January 02, 2018
Russia’s natural gas production rose to its highest ever last year, driven by increasing sales to Europe and rising domestic demand.
News
January 02, 2018
A second Sino-Russian oil pipeline began operations on New Year’s Day, doubling China’s capacity to import crude from the East Siberia-Pacific Ocean system.
News
May 19, 2017
The Ministry of Energy of the Russian Federation has approved Gazprom Neft’s application for its project on “Developing Domestic Technologies and High-technology Equipment to Develop Reserves at the Bazhenov Formation” to be awarded the status of a national project.
News
May 19, 2017
Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil in early April.
News
May 16, 2017
President of LUKOIL Vagit Alekperov and governor of Kaliningrad Region Anton Alikhanov signed an agreement on cooperation between the company and the regional government for 2017-2022, in Kaliningrad today.
News
May 16, 2017
Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles.
News
May 15, 2017
Gazprom Neft has acquired a subsoil usage licence for Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subsoil Resources Management Agency, and runs until May 5, 2037.
News
May 15, 2017
Oil jumped to its highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for nine months.
News
May 15, 2017
Saudi Arabia and Russia said they favor prolonging oil-output cuts through the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs.
News
May 10, 2017
Shell wants to debate using Russian crude to help determine the global Brent benchmark, in what would be the most radical shift in how European prices are calculated since the 1970s.
News
May 08, 2017
Construction of the TurkStream gas pipeline has commenced in the Black Sea, near the Russian coast.
News
May 08, 2017
The near-flawless start of U.S. LNG plants will have European energy traders abuzz this week at Flame conference.
News
May 08, 2017
Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes.
News
May 05, 2017
Total cumulative oil production at the Novoportovskoye field has now reached 5 million tonnes, the landmark tonne of crude being shipped by Gazprom Neft subsidiary Gazpromneft-Yamal on the Shturman Albanov tanker.
News
May 05, 2017
Rosneft said first-quarter profit climbed 8.3% as higher crude prices were offset by a stronger ruble and output cuts.
News
May 03, 2017
Gazprom Neft has acquired development rights to two new assets — Tazovskoye and Severo-Samburgskoye fields — in the Yamalo-Nenets Autonomous Okrug. Subsoil usage rights to the Tazovskoye block run to 2025, and rights to the Severo-Samburgskoye block to 2027.
News
May 03, 2017
Crude rebounded from a six-week low on signs the U.S. supply glut is easing and as Russia signaled support for extending output cuts with OPEC.
News
May 01, 2017
OPEC is certain to extend cuts in oil output when its ministers meet later in May and will need to keep limiting production until as late as the end of 2018, a veteran market analyst said.
News
April 28, 2017
Lukoil has deployed two convoys of vessels carrying constructive elements of Phase 2 field development facilities for LUKOIL’s Caspian projects.
