Last month, Russian oil output missed a global cut target agreed with OPEC and non-OPEC producers in December, Reuters reported.
The country’s production in February stood at 11.34 million barrels per day (bpd), down some 75,000 barrels per day from the October level, the baseline for the global deal, Energy...
Russian oil and gas pipe maker TMK said on Wednesday it was interested in bidding for the construction of a gas pipeline in Bulgaria, as Sofia looks to secure a link with the Moscow-designed TurkStream gas pipeline, Reuters reported.
Bulgaria sees a line of TurkStream, from Turkey to Serbia,...
Venezuelan President Nicolas Maduro has ordered the transfer of state-run oil giant PDVSA’s European office from Lisbon to Moscow, Gazeta.ru reports.
The move comes within the framework of the company’s cooperation with Russian energy companies Rosneft and Gazprom, the report said. Experts believe the move to be a rather...
The updated EU directive may complicate, but not stop, the implementation of Russia’s controversial gas pipeline Nord Stream 2, experts told the Izvestya newspaper.
Amendments to the EU energy directive are being approved in Brussels and presumably, they may lower the productivity of the gas pipeline after its commissioning...
A record amount of liquefied natural gas (LNG) was shipped from Novatek’s Yamal LNG plant to Europe in February, making Russia the biggest supplier of the chilled fuel to the continent for the first time, Reuters reported.
A total of 19 cargoes carrying 1.41-million tons of LNG from the...
The United States Congress published a new bill which would impose sanctions against Russia on Wednesday, including provisions regarding the country’s banks, sovereign debt, shipbuilding, and oil and gas projects, Vedomosti reported.
According to experts, if the bill is approved, Russia will not be able to produce as much...
Russian companies have not incurred any losses on the oil they produce in Venezuela and are not experiencing any problems resulting from the political crisis in the country, Russia’s Energy Minister Alexander Novak told news outlet Gazeta.ru in an interview.
“Our companies present in Venezuela are following the situation very...
Russian gas would remain more competitive in Europe than U.S. gas, the country’s biggest independent producer Novatek and oil major Shell said on Wednesday, according to Reuters.
New mega projects currently built in Russia that would be insulated from any new U.S. sanctions were pointed out as the main...
Russian oil companies and the country’s energy ministry are planning a March 1 meeting to discuss a deal between OPEC and other leading global oil producers to reduce production, two sources familiar with the plans told Reuters on Wednesday.
A source from a gulf country-member of the Organization of the...
A Russian court has dismissed an appeal lodged by Cypriot company Swisspro Capital Limited against recovery of $184.8 million from it on the petition of Russia’s biggest oil company Rosneft, Oilcapital.ru reported citing court records.
The company has appealed against the Moscow Commercial Court’s ruling of November 15, 2017, when the court...
