Russian customers owe a regional subsidiary of gas giant Gazprom 30.1 billion rubles ($455 million) in accumulated debt, the company told Russian media on Wednesday, according to RBC.
Last week, a court in the North Caucasus republic of Chechnya ruled to erase $136 million of its residents’ gas debts after local...
Russia should stick with output cuts even at the cost of losing market share in the medium term, and should avoid an oil price war against the United States, the head of Russia’s sovereign investment fund, RDIF has said according to Kommersant.
Kiril Dmitriev, who is one of the main Russian...
Gazprom Neft, the oil arm of Russia’s gas giant Gazprom, is exploring the possibility of monetizing its natural gas resources in the Yamal Peninsula in Western Siberia with a total volume of up to 1.5 trillion cubic meters by building a gas liquefaction plant, Kommersant reported citing sources in...
Global oil prices fell about 2 percent on Tuesday over concerns the world’s stumbling economy could pinch fuel demand as output cuts by Russia come in below expectations and U.S. shale fields surge, Reuters reported.
Crude prices were affected by gloomy new global growth forecasts by the International Monetary Fund...
Russian energy minister Alexander Novak has said Moscow is seeking to accelerate the pace of its oil production cuts under the OPEC+ agreement, but reiterated it faces operational challenges.
Early last week, Novak’s Saudi counterpart, Khalid Al-Falih, had complained Russia’s production cuts started slower than he’d like, and was pushing for...
A top cabinet minister told Handelsblatt on Sunday that Germany won’t be pressured into blocking the controversial Nord Stream 2 gas pipeline project.
Economy and Energy Minister Peter Altmaier said in an interview that construction of the pipeline is “far advanced, with pipes laid over kilometers in the sea.” According to...
U.S.-based Schlumberger, the world’s largest oilfield services company, said on Friday it would withdraw its application for the acquisition of a stake in Russia’s Eurasia Drilling Co. (EDC) if it is not successful in getting approvals soon, Reuters reports.
The news that Schlumberger is allegedly keen on acquiring EDC, Russia’s...
The CEO of Ukrainian state gas company Naftogaz, Andriy Kobolyev, says the company has already begun to recover $2.6 billion in debt from Russia's gas monopoly Gazprom that lost a lawsuit filed by Naftogaz with Stockholm arbitration on a gas transit contract, The Kyiv Post reports.
"We have already...
Climate change could have dramatic consequences for Russia’s energy-rich Yamal peninsula, the region’s Minister of Natural Resources, Aleksandr Kalinin has said, according to The Barents Observer.
The Yamalo-Nenets region in the Arctic has become Russia’s number one petroleum region in recent years. The country’s leading oil and gas companies are...
