Russia
News
November 15, 2018
President Vladimir Putin said he discussed the price of oil with U.S. counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
News
November 14, 2018
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
News
November 11, 2018
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
News
November 08, 2018
Russia’s oil industry is feeling the pressure of a possible return of production caps. In fact, by sacrificing a fraction of output, the companies could see their stocks rise.
News
November 08, 2018
PetroNeft has announced that cased-hole testing of the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in Licence 67 has confirmed the excellent results from the open-hole testing reported on Aug. 28.
News
October 19, 2018
Russia has begun discussions with Exxon Mobil on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
News
October 04, 2018
Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.
News
October 03, 2018
Russian President Vladimir Putin said his American counterpart’s Iran sanctions are largely to blame for current high oil prices.
News
October 03, 2018
Russia and Saudi Arabia are pumping an extra 1 MMbpd of oil and could do even more. Yet the market doesn’t seem to care.
News
October 02, 2018
Russia’s oil production hit a post-Soviet high last month as the country rolled back the output cuts it had agreed on with OPEC.
News
September 28, 2018
When former U.S. President Obama imposed sanctions on Russia in 2014, a drop in oil prices turned the penalties into a crushing blow. This time round, markets are doing the opposite.
News
September 27, 2018
A plan by the EU, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its buyers a free pass to handle Iranian crude.
News
September 21, 2018
Russia’s oil companies are simultaneously enjoying record production and the highest prices ever in the local currency.
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.
