Vienna-based integrated oil and gas company OMV has announced the acquisition of a 24.98% stake in Siberian gas assets from Russian gas giant Gazprom, in a somewhat surprising move which analysts say will bring Austria and Russia closer together both economically and politically, NTV reported.
The transaction is a capitulation...
Hungary agreed with Russia on Wednesday to buy 4 billion cubic meters of natural gas in 2020, Hungarian Foreign Minister Peter Szijjarto said, according to the Budapest Business Journal.
Szijjarto spoke at a joint news conference with his Russian counterpart, Sergei Lavrov, after their meeting in Moscow.
The deal was finalized...
The Russian stock market and the country’s economy, in general, are at highest risk from changes in global climate policy changes, according to investment management company Morningstar’s Carbon Metrics.
Russia, with nearly 60% of its market cap in energy stocks, has the world's highest level of the so-called Carbon Risk,...
Norwegian energy companies are eager to participate in any new Arctic projects for the production of liquefied natural gas (LNG) with Russia, Thor Andvik, Arctic and Cold Climate Solutions project director at Norwegian Energy Partners (NORWEP) has said, according to Sputnik.
During the Eastern Economic Forum in September, the CEO...
According to a new Reuters report, Russia and Saudi Arabia “struck a private deal” last month to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers.
In September, U.S. President Donald Trump blamed the Organization of the Petroleum Exporting...
Russian President Vladimir Putin on Wednesday said that his U.S. counterpart Donald Trump was right in assessing the current oil price as too high, Reuters reported.
Putin said an oil price of $65 to $75 per barrel would "suit" Moscow. His comments came after oil prices soared this week to reach...
Russia’s gas exports are expected to amount to another record this year, potentially exceeding 200 billion cubic meters (bcm) and beating last year’s all-time high of 194 bcm, Russian government officials and executives told an industry conference on Wednesday, according to Reuters.
“We have been hearing about the reduction in...
Russian heavy vehicles maker Kamaz and the country’s nuclear corporation Rosatom are among the companies from emerging economies that are increasingly competing with U.S. and European counterparts, Forbes reports.
In a world in which emerging market countries are expected to account for 80% of the global population and 40$ of...
Russia's deputy energy minister Pavel Sorokin said in an interview with S&P Global Platts Monday that his country is unable to materially increase crude supplies to Asian markets who are facing the loss of Iranian imports due to existing transportation constraints.
Russia could, however, send more oil to Europe...
Russia is a safe and reliable provider of gas to Germany, which is why the Nord Stream 2 gas pipeline is important to secure the energy supplies, Thomas Bareiss, Germany’s state secretary for energy, has said according to Reuters.
The politically controversial pipeline is pushed by Russia and Germany, while...
