Wednesday, May 15, 2024
In a bid to agree on how to divide the oil wealth of the region, five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan, the Associated Press reported. The first Caspian Economic Forum convened Sunday in Turkmenistan's resort town of Awaza near the...
An explosion in Russia’s Far North that killed five engineers last week occurred when the scientists were testing experimental cruise missile powered by a small nuclear reactor, Russia’s state corporation Rosatom said, according to The Guardian. The explosion last Thursday at a military testing ground in Russia’s Arkhangelsk region killed at...
The biggest independent gas producer in Russia, Novatek, is interested in supplying liquefied natural gas (LNG) from its Arctic LNG-2 project to Indian companies, Russian Deputy Energy Minister Anton Inyutsyn said on Monday, Rambler reported. "Novatek is interested in attracting Indian partners to the Arctic LNG 2 project and also...
The biggest energy companies in Russia are interested in developing oil and gas fields in Turkmenistan, a government official has said, according to TASS. "Interest in developing oil and gas fields in Turkmenistan was shown by Rosneft, Lukoil, and Gazprom," Sergey Prikhodko, the government’s deputy chief of staff said in...
Russia’s Amur Minerals Corporation announced last week that it has appointed Thomas Bowens, a veteran Far East miner, to the board as a non-executive director, Mining Capital reported. Bowens is the President and CEO of IG Copper, a company he founded in 2009 and that sold the Malmyzh copper-gold project to...
Representatives of the Nord Stream 2 operator announced the near completion of pipe laying in the exclusive economic zone of Sweden. The work is supposed to be completed in October. The last frontier on the gas pipeline is Denmark, which did not permit construction in territorial waters, and the...
Despite decreased flows relating to the oil contamination crisis and a recent dip in gas exports, Russian oil and gas production climbed further in the first seven months of 2019, bneIntellinews reported citing data published by the energy ministry’s CDU TEK department. From January to July, crude oil and...
Cooperation with Kyrgyzstan on hydroelectric power plants could continue if Russian state company RusHydro receives compensations, First Deputy Chief of the Russian Government Staff Sergey Prikhodko said, according to Rambler. Kyrgyzstan and Russia signed an agreement on joint construction of four hydroelectric power plants on the Naryn River in Kyrgyzstan...
Gazprom could hold a secondary public offering (SPO) of an additional 3.7% of its quasi-treasury shares this autumn, bne Intellinews wrote citing a Bloomberg report. According to the report, the stake would be worth 200 billion rubles ($3 billion) at current valuations. The sources said foreign investors will buy the...
Russia's Zvezda Shipyard, controlled by state holding company RosNefteGaz, has lost an order for two new atomic icebreakers worth 100 billion rubles ($1.5 billion) this month, Vedomosti reports.  Zvezda was pipped to the post by the United Shipbuilding Corporation (USC) as the only other bidder and won the lucrative order,...