Russia
News
September 21, 2018
OPEC seems poised for another contentious meeting in Algeria this weekend as Iran threatens to veto decisions.
News
September 20, 2018
Russia’s crude production has jumped to a new post-Soviet record, boosting the nation’s budget revenue as it prepares for talks with OPEC+ on further cooperation.
News
September 14, 2018
The U.S. warned Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany.
News
September 12, 2018
Rosneft and the Chinese National Oil and Gas Corporation (CNPC) signed the Agreement on Cooperation in Exploration and Production in the Russian Federation in the framework of the IV Eastern Economic Forum.
News
September 12, 2018
After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21-billion market.
News
September 12, 2018
Russia has the capacity to set a new oil-production record but won’t decide whether the market requires additional supplies before a meeting with its OPEC allies.
News
September 10, 2018
Lukoil has commissioned a steam generation farm at Yarega field of highly viscous oil in the Republic of Komi. The facility is to build up production as part of Yarega area Phase 2 development.
News
September 07, 2018
Imagine a decade from now, U.S. giant Exxon Mobil Corp. has been knocked from its perch as the world’s largest oil company by its rival from tiny Portugal -- about 20 times smaller. It seems unlikely, but something equally strange has just happened in Russia.
News
September 06, 2018
Russia will export more crude to European refiners who cut imports of Iranian oil in September.
News
September 05, 2018
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk Regions of Western Siberia.
News
August 31, 2018
Russia’s oil companies are on a tear. The nation’s top crude producers more than doubled their combined profit in the first half.
News
August 28, 2018
PetroNeft, an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, has announced that it has successfully cored, logged and open-hole tested the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in License 67.
News
August 12, 2018
Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more than two decades of disputes.
News
August 09, 2018
Total announces that the first shipment of Liquefied Natural Gas (LNG) from the second train of the Yamal LNG project in Northern Russia is ready to leave Sabetta.
News
August 09, 2018
The new U.S. sanctions placed on Russia may put the country’s longer-term crude production potential at risk.
News
August 07, 2018
Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble.
News
August 02, 2018
Russia boosted oil production in a coordinated output cut, helping the group offset supply disruptions elsewhere.
News
July 31, 2018
Lukoil completed transportation and started installation of the substructure for the wellhead platform (mini offshore ice-resistant fixed platform) at Vladimir Filanovsky field, in the Caspian Sea.
News
July 30, 2018
PAO NOVATEK announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area, in the shallow waters of the Ob Bay. The initial well is drilled using a jackup floating drilling rig, Amazon, leased from Gazprom flot.
News
July 27, 2018
Lukoil has announced the completion of drilling of the first production well from the wellhead platform at Yury Korchagin field, in the Caspian Sea. The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field.
News
July 25, 2018
Russia is preparing the most radical shakeup of its oil-tax system since 1999. The changes will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead.
