A number of Western buyers, including majors Total and Eni, have stopped payments for the dirty oil sold to them by Russian firms and said they will only pay when compensation is agreed, Reuters reported citing trading sources.
The two companies told their suppliers, including Russia’s Rosneft and Surgutneftegaz,...
Russia is taking advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by OPEC members to sell more oil to the United States, Bloomberg reports.
According to a report by Caracas Capital Markets managing partner Russ Dallen, 13 ships from Russia delivered almost 5 million barrels of crude and oil products...
Serbian company Gastrans, owned by Russian gas giant Gazprom, has taken delivery of 7,000 tons of pipes for the construction of the TurkStream natural gas pipeline from the border with Bulgaria to the border with Hungary, Serbian media reported.
The pipes were delivered at the Danube port of Novi Sad...
Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic metres (bcm) of gas, the company said in a press release.
The fields are located in the Kara Sea near the Yamal Peninsula and hold 390.7 bcm...
Delays in obtaining permits from Denmark could force Nord Stream 2 AG, the company building Russia’s gas pipeline project to Germany, to launch in 2020, rather than the end of 2019, the company said on Friday, according to Bloomberg.
The Russian-led company, which also includes a number of European energy...
Tatneft is interested in a project for oil field development in Uzbekistan, with exploration work starting this summer, a company exec has said, according to Gazeta.uz.
Speaking at the international exhibition Oil & Gas Uzbekistan - 2019, Rustam Sharapov, head of the contract maintenance department at the Russian oil and...
Russia’s energy giant Gazprom is negotiating to sign a five-year contract to buy gas in Turkmenistan, Interfax news agency cited Russian Deputy Energy Minister Anatoly Yanovsky as saying on Thursday.
"Negotiations are being completed on a new medium-term contract for a period of up to five years, starting, respectively, from...
Hungary will continue to import gas from Russia if U.S. energy giant Exxon doesn’t fulfil its promises of investment in a Black Sea project in Romania, Hungary’s Foreign Minister Peter Szijjarto has said, according to Emerging Europe.
Exxon and Austrian energy group OMV's Romanian subsidiary, OMV Petrom SA, have put...
Two new units at China’s Xudabao nuclear power plant will be built with Russian help after the two countries agreed on the conditions of the biggest nuclear energy deal in a decade, Asia Times reports.
An agreement on the reactors will soon be signed by Moscow and Beijing, authorities said.
Under the...
Possible U.S. sanctions against Switzerland’s Allseas and Italy’s Saipem - the companies constructing Russian offshore gas pipelines - will not affect Russia’s Nord Stream 2 project, analysts speaking to daily newspaper Izvestia say.
On Tuesday, U.S. senators have come up with a bill imposing restrictions on individuals and companies involved...
