Russia & FSU
News
December 05, 2023
ADNOC and SOCAR will explore opportunities to work together to advance blue hydrogen, carbon management and geothermal technologies that can accelerate the decarbonization of energy systems in the UAE, Azerbaijan and other key markets and support their net zero ambitions.
News
December 05, 2023
OPEC+ could take further measures if last week’s production cuts agreement isn’t enough to balance the oil market, said Deputy Prime Minister Alexander Novak.
News
November 10, 2023
The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over the summer — into next year, according to analysts at UBS Group AG, FGE, Commerzbank AG and Eurasia Group. RBC Capital Markets says it looks increasingly likely.
News
October 27, 2023
The agreement affirms both parties’ commitment to enhancing Ukraine's energy independence and its transition away from Russian standards, equipment and operations.
News
October 12, 2023
The U.S. Treasury Department sanctioned United Arab Emirates-based Lumber Marine SA, the registered owner of SCF Primorye, and Ice Pearl Navigation Corp, the registered owner of the Yasa Golden Bosphorus.
News
October 09, 2023
Treasury Secretary Janet Yellen said the U.S. is preparing to crack down on evasion of the Group of Seven’s price cap on Russian oil, as recent market prices signal that the mechanism may no longer be working as hoped.
News
October 04, 2023
The leaders of the OPEC+ coalition announced the plans in separate official statements on Wednesday. Riyadh has slashed crude oil production by 1 MMbpd, and Moscow is curbing exports by 300,000 bpd, on top of earlier cuts made with fellow OPEC+ nations.
News
September 11, 2023
The agency said intelligence units carried out a “unique operation” to retake the Petro Godovenets and Ukraina oil and gas drilling platforms, as well as the Tavryda and Syvash facilities.
News
September 05, 2023
The leader of OPEC will continue its production cutback of 1 MMbpd until December, according to a statement published by the state Saudi Press Agency on Tuesday. Russia’s export reduction of 300,000 bpd will be extended for the same duration, Deputy Prime Minister Alexander Novak said in a separate statement.
News
September 01, 2023
Together, they discussed TotalEnergies' projects in Azerbaijan, notably the launch of the second phase of the Absheron development, which will increase the field's production to 5.5 Bcm per year, in line with Azerbaijan's ambition to supply the European market.
News
August 30, 2023
Since Russia started working with OPEC in 2017, Igor Sechin has consistently criticized the cooperation. The Rosneft CEO has pushed instead for the country to increase crude production and defend its market share from other global producers.
News
August 21, 2023
The Norwegian energy company is working with Jefferies Financial Group Inc. to gauge buyer interest in the assets, which includes a 7.27% interest in the large Azeri-Chirag-Gunashli oil field, people familiar with the matter said.
News
August 15, 2023
The explosion occurred at the Talinskoye oil field near Nyagan town in Khanty-Mansiysk region, the Moscow-based Izvestia newspaper reported, citing an unidentified source.
News
August 04, 2023
The partnership will enable ADNOC to build a major footprint in a region with prolific natural resources and significant growth potential, facilitating a route into attractive international growth markets for gas in Europe and Central Asia.
News
July 31, 2023
Rigs drilled 14.7 thousand kilometers of production wells in Russia from January to June, 6.6% more than planned and 8.6% more than the same period in 2022, according to data seen by Bloomberg.
News
July 10, 2023
This first phase connects a subsea production well to a new gas processing platform, itself linked to SOCAR’s existing facilities in Oil Rocks. It has a production capacity of 4 MMcmgd and 12,000 bpd of condensate. The gas will be sold on the domestic market in Azerbaijan.
News
June 16, 2023
The products provided include a range of proven solutions for contacting, connecting and branching electrical conductors, which are used at the sensitive interfaces of power grids and are crucial for the reliable transmission and distribution of electrical energy.
News
April 17, 2023
The results of JKT-01Z followed by WR-B01Za provide back-to-back drilling success, further validating the company's reservoir understanding and confirming its ability to accurately place horizontal wells in areas of good productivity.
News
April 03, 2023
Russia has decided to keep its oil production at a reduced level through 2023 amid high volatility in the global market, said Deputy Prime Minister Alexander Novak.
News
March 24, 2023
MOL Group is transporting crude oil produced at its co-owned oilfield, the Azeri–Chirag–Gunashli in Azerbaijan, to Slovnaft Refinery in Bratislava. This is a major step in the company’s efforts to increase its crude sourcing flexibility.
News
March 20, 2023
The G-7 previously agreed to review the price level in mid-March, and EU legislation stipulates that the aim should be to keep the threshold at 5% below average market rates.
