Russia’s Energy Minister Alexander Novak said oil companies from his country could sign contracts with Iran this month that would allow them to work on Iranian oilfields, Reuters reported.
"Over ten different fields. Companies are Gazprom, Rosneft, Gazprom Neft, Zarubezhneft, Tatneft, and Lukoil. These companies made fairly good progress in...
Ukraine’s national gas company Naftogaz said it intends to close its representative office in the Russian Federation, Ukrinform reports.
Naftogaz Chief Commercial Director Yuriy Vitrenko said this at a press briefing on March 5, an Ukrinform correspondent reports.
"This is a technical issue... We wanted to close this office long ago because...
United States senators have been expressing concerns following a new House committee report which revealed how Russians attempted to use social media to manipulate U.S. energy markets.
It’s the first acknowledgment from politicians that such websites were used to influence U.S. affairs outside political and social discourse, The Hill reports.
“I’m...
Russian oil major Rosneft risks losing two key foreign partners – U.S.-based ExxonMobil has quit the offshore projects in Russia, and China’s CEFC might have lost the support of Beijing’s officials, Kommersant reports.
The founder and chairman of CEFC’s board of directors Ye Jianming was detained under suspicion of fraud,...
Ukrainian Prime Minister Volodymyr Groysman has said he hopes for a reduction in gas prices after a decision by the Arbitration Institute of the Stockholm Chamber of Commerce.
“I think that the arbitration court’s decision will help Naftogaz reduce the cost of the transit itself. I think that this will...
American oil giant Exxon Mobil cited U.S. and European sanctions against Russia in announcing that it is abandoning its joint ventures with Russian state-run oil company Rosneft, Reuters reported.
The move late on Wednesday signaled that the largest U.S. oil company is giving up on its fight against U.S. sanctions imposed...
The Organization of Petroleum Exporting Countries (OPEC) will hold a dinner on Monday in Houston with U.S. shale firms, two industry sources said, according to Reuters. The move is the latest sign of the kartel widening talks about how best to tame a global oil glut.
The dinner will be...
Russia energy giant Gazprom expects its annual gas output to grow to 520-560 billion cubic meters by 2025. The company’s forecast is based on expectations of a "sufficient demand in Russia and favorable conditions on external markets," it said, according to Vedomosti.
In November 2017, Gazprom had a less optimistic...
Russia’s Federal Antimonopoly Service (FAS) approved the request by oil and gas giant BP to purchase a 49% stake in Kharampurneftegaz, a subsidiary of Russian state-owned company Rosneft, the regulator said according to TASS news agency.
Earlier, BP's application was approved by the antitrust watchdog of Germany.
The Chief Executive Officer of...
As Beijing released more crude import quotas to independent refiners, Russia remained the top crude oil supplier to China in January, Chinese official data shows
The data reveal a strong beginning of 2018, after the start-up of an expanded trans-Siberia pipeline, Reuters reports. Angola and Iraq took the second and third...
