Russia & FSU
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.
News
April 27, 2017
The U.S. is set to ship its first shale gas to a member of the former Soviet bloc as Europe seeks to cut its dependence on fuel from Russia.
News
April 26, 2017
The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.
News
April 25, 2017
Samaraneftegaz, a Rosneft subsidiary, started 3D seismic exploration works in six blocks acquired in 2016. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.
News
April 25, 2017
The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing.
News
April 25, 2017
LUKOIL has drilled 1,000 m of its first exploration well on the Vostochno-Taymyrsky license block. About 374 m of core samples from eight formations will be collected and analyzed during drilling.
News
April 25, 2017
Russia retook the top spot from Saudi Arabia in crude supplies to China last month as OPEC producers are flirting with the possibility of extending a deal to curb production.
News
April 25, 2017
For Russian oil companies, the agreement to boost prices by cutting output in conjunction with OPEC was an easy win. Extending the deal will be less straightforward.
News
April 24, 2017
Shell and four European companies – ENGIE, OMV, Uniper and Wintershall – signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline.
News
April 24, 2017
LUKOIL has reached another milestone with 2 million tonnes of oil, produced at Vladimir Filanovsky field in the Caspian Sea.
News
April 21, 2017
Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.
News
April 21, 2017
A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Rainer Seele, chairman of the executive board of OMV, took place in Moscow on April 20th.
News
April 20, 2017
Russia is likely to support extending a multinational deal to cut oil output as higher prices boost revenue in the run-up to next year’s presidential election.
News
April 13, 2017
Gazprom Neft has completed drilling of its first production well within the NP-8 stratum at its Novoportovskoye field.
News
April 13, 2017
Lukoil commenced transportation of the topside of a fixed offshore ice-resistant platform (LSP-2), intended for Phase 2 of Vladimir Filanovsky field in the Caspian Sea.
News
April 11, 2017
Messoyakhaneftegaz, a joint enterprise between Gazprom Neft and Rosneft, has obtained a licence from Rosnedra (the Federal Subsoil Resources Management Agency), for geological investigations and a suitability assessment at the Zapadno-Messoyakhsky licence block regarding the construction and commissioning of an underground gas storage facility.
News
April 10, 2017
Russian President Vladimir Putin awarded state honors to executives at Glencore Plc, the Qatar Investment Authority, and Intesa Sanpaolo SpA months after the $11 billion deal to buy a minority stake in state oil company Rosneft PJSC.
News
April 10, 2017
After enduring weeks of criticism that he’s been silent and sidelined in the Trump administration, Rex Tillerson travels to Moscow newly emboldened by the U.S. decision to drop 59 Tomahawk missiles on an airbase in Syria.
