Russia & FSU
News
January 30, 2017
Lukoil is seeking opportunities for growth in the Middle East as Iran opens more of its oil fields to international partners, according to the Russian energy company’s regional head.
News
January 26, 2017
Gazprom Neft subsidiary Gazpromneft-Shelf has commissioned two new production wells at Prirazlomnoye field, bringing the total number of wells in operation at the Prirazlomnaya platform—the only oil production project on the Russian Arctic Shelf—to 10.
News
January 25, 2017
Fluor Corp announced that it was awarded a two-year engineering services framework agreement with North Caspian Operating Co (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian region.
News
January 23, 2017
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market.
News
January 23, 2017
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.
News
January 20, 2017
Representatives of OPEC and several other major oil producers will start arriving in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output.
News
January 12, 2017
Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017.
News
January 10, 2017
Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged a month ago in Vienna.
News
January 10, 2017
Gazprom Neft subsidiary Gazpromneft Orenburg, has discovered a new field in the Sorochinsky district of Orenburg Oblast. Reservoir engineers have estimated the new discovery, called Novosamarskoye field, has oil-in-place reserves of more than eight million tonnes. This is the first discovery in the area under investigation, which company specialists believe contains a series of smaller deposits.
News
January 04, 2017
Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how vulnerable OPEC’s quest to clear a global crude glut might be.
News
June 06, 2016
Lukoil PJSC, Russia’s second-largest oil producer, said first-quarter profit dropped 59% as crude prices declined to a 12-year low.
News
June 03, 2016
Rosneft and Statoil have started drilling an exploration well in the Sea of Okhotsk in Russia’s Far East.
News
November 17, 2015
Russia plans to squeeze all the oil it can from Soviet-era discoveries to hold crude output stable for the next two decades as new finds are delayed by sanctions and slumping prices, according to the Energy Ministry.
News
November 02, 2015
Russian oil production broke a post-Soviet record in October for the fourth time this year as earlier investments boosted output and producers prove resilient to lower crude prices.
News
October 23, 2015
Gazprom Neft has started using “ray trace” modeling technology in its seismic surveys. The outcomes of initial testing at Novoportovskoye field led to the decision being taken to implement the technology throughout all fields operated by Gazprom Neft.
News
October 15, 2015
Wireless Seismic has announced the sale and delivery of its RT System 2 seismic data acquisition system to the Singapore-based oilfield services holding company, Yug-Neftegaz Private Limited (YNG), for seismic acquisition projects in Turkmenistan.
News
October 09, 2015
Gazprom Neft has acquired additional licenses for geological prospecting, exploration and development at the Yuilsky-3, Lyaminskiy-6 and Severo-Ityakhskiy-1 Blocks, all of which are in the Khanty-Mansiysk Autonomous Okrug.
News
October 08, 2015
Eurasia Drilling Co., the Russian oil driller whose planned acquisition by Schlumberger Ltd. collapsed last month, said it received a buyout offer from management and shareholders.
News
October 07, 2015
A re-injection well has been brought into operation on the Prirazlomnaya ice-resistant offshore platform, following drilling operations by Russia’s Gazprom Burenie, Gazprom Neft announced Tuesday.
News
October 02, 2015
Russian oil output rose to a post-Soviet record last month as producers took advantage of the weak ruble to push ahead with drilling.
News
October 01, 2015
BASF and Gazprom have completed an asset swap, which will allow Wintershall, a wholly owned BASF subsidiary, to focus on exploration and production while it exits the gas trading and storage business.
