Disruptions due to contamination of crude oil in a major Russian pipeline leading to Europe are forcing the country to cut oil output by as much as 10 percent for several days, industry sources told Reuters.
Russian oil producers received a request from state-run pipeline monopoly Transneft to reduce oil...
Global oil prices rose to a six-month high after Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany last week because of contaminated crude, leaving refiners in Europe scrambling to find supplies, Reuters reports.
At least 5 million tons of oil, or about 36.7 million...
Austrian energy company OMV has earmarked 44 million euro to finance the construction of the Nord Stream 2 gas pipeline in the first quarter of 2019, the company said, according to TASS.
A year earlier, in the first quarter of 2018, OMV earmarked 81 million euro for the purpose. In...
Ukrainian and European traders are accumulating additional reserves of natural gas ahead of next winter to prepare for any potential supply disruptions amid a looming stand-off with Russia, S&P Global Platts reports.
Ukraine is a key supply route for Russian natural gas to Europe, delivering about 25% of Europe's total...
U.S. Ambassador to Germany Richard Grenell has once again threatened German companies involved in the construction of Russia’s Nord Stream 2 gas pipeline with restrictive measures if they remain committed to the project.
“From the American point of view, this gas pipeline not only transports gas, but also has a high...
The state-run oil-transport firm of Belarus, Belneftekhim, has said "clean" Russian oil shipments have begun to arrive in Belarus via the Druzhba pipeline after a weeklong shutdown caused by the contamination of Russian supplies, RBC reports.
Petroleum contaminated with organic chloride compounds was removed from the Druzhba oil pipeline to...
Given the uncertainty surrounding the future of Russian gas transit via Ukraine, Budapest is interested in considering alternative gas supply routes from the south, RIA Novosti reports citing the country’s foreign minister Peter Szijjarto.
His statement was made on Thursday at a panel discussion at the EU-US first high-Level Business-to-Business Energy...
Russia’s oil production remained above levels targeted in a deal with major producers again in April, Reuters reports. The country’s total output during the month fell to 11.23 million barrels per day (bpd) in April from 11.3 million bpd in March, Energy Ministry data showed on Thursday.
The Organization of...
Pipelay vessel Solitaire, owned by Swiss-based offshore operator Allseas, has started laying the first line of the Nord Stream 2 gas pipeline in Russian waters, Rossiyskaya Gazeta reports.
The vessel will spend about a month constructing one of the two approximately 100-kilometres-long sections in the Russian territorial sea, according...
Italian oil and gas contractor Saipem has signed new contracts for onshore infrastructure development and construction in Russia and Serbia valued at $560 million, according to Global Energy Today.
The Russian contract was signed with the Moscow refinery’s operator GazpromNeft and covers the engineering, procurement and construction of a new...
