Russia & FSU
News
October 02, 2019
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.
News
October 01, 2019
Subsea 7 announced today the award of two contracts by BP Exploration for the Azeri Central East project in the Azeri-Chirag-Deepwater Gunashli field in the Caspian Sea, in a water depth of approximately 140 meters.
News
September 26, 2019
Royal Dutch Shell, Eni and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.
News
September 17, 2019
WAXTREAT SubZero is a winterized PPD with customization capabilities, enhancing performance, while mitigating paraffin build-up, in crude oil pipeline systems, at the same time reducing OPEX requirements associated with pipeline cleaning.
News
September 17, 2019
Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd in Qingdao, China, has been awarded a contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.
News
September 12, 2019
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC and Alexander Novak, Minister of Energy of the Russian Federation met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its entire value chain.
News
September 10, 2019
Poland successfully challenged a European Commission decision that allowed Gazprom PJSC to use most of the capacity on the Opal pipeline in Germany. That link in turn carries fuel from the Baltic Sea Nord Stream pipeline, a key part of the Moscow-based company’s plans to avoid shipping its fuel across Ukraine.
News
September 05, 2019
Russia took a step closer to becoming a dominant player in the global liquefied natural gas market as two of its biggest energy companies advanced plans to export the fuel from its remotest corners.
News
August 19, 2019
The 12-month contract, with option to extend, will support activity in the Absheron natural gas field, located in the Caspian Sea approximately 100 kilometers south of Baku.
News
August 16, 2019
U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters.
News
March 02, 2018
Russia is sending more natural gas to Europe than ever before as a blast of Arctic air lifted demand for heat and electricity, underlining the region’s dependence on its eastern neighbor.
News
February 27, 2018
The head of OPEC plans to dine with U.S. shale company executives on Monday in Houston, the second consecutive year that the secretary general has met with some of the cartel’s top rivals.
News
February 27, 2018
OPEC, Russia and other oil producers participating in output cuts have beaten market expectations in meeting their commitments.
News
February 20, 2018
OPEC’s fourth-largest oil producer is leading an effort to prolong cooperation with Russia and other allies far beyond the expiry of their joint supply cuts this year.
News
February 19, 2018
German Chancellor Angela Merkel threw her country’s weight behind the Nord Stream 2 gas pipeline from Russia, boosting the chances that the controversial link will become reality.
News
February 16, 2018
Total E&P Absheron B.V. (Total), acting as operator for and on behalf of a consortium presently composed of Total E&P Absheron B.V. (50%) and Socar Absheron LLC (50%) has tasked HydraWell to execute a part of plug & abandonment campaign at Absheron field, in the Caspian Sea.
News
February 16, 2018
After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?
News
February 15, 2018
Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices.
News
February 14, 2018
OPEC will soon discuss with Russia a new way to measure oil inventories as producers meet to review their supply-cuts agreement that expires at the end of 2018.
News
February 14, 2018
Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 Bcm and 122 Bcm, respectively, in 2017.
News
February 14, 2018
As of Dec. 31, 2017, the Rosneft's SEC (United States Securities and Exchange Commission) proved hydrocarbon reserves achieved 39,907 MMboe. The hydrocarbon reserves increased by 2,135 MMboe or by 6% compared to the reserves at the end of 2016.
