Armenia is going to pay the price for its political leadership’s warming to Europe and distancing from Moscow with raised Russian gas prices from next year, Azer News reports.
According to the news agency, the government’s calculation of financial reinforcement caused by the growth of European sympathies for Yerevan...
Russian oil giant Lukoil has reported that the first well drilled from the wellhead platform installed during the second-phase development of the Yury Korchagin oil field in the Caspian Sea off Russia, Oil and Gas Journal reports.
A jack-up drilled the well to 5,217 m MD with a reach of...
Russia’s Sibur, the largest petrochemical company in Eastern Europe, is preparing for an initial public offering (IPO) potentially worth up to $3 billion, a source from the company told Russian news outlet RBK.
According to the report, the IPO may happen before the end of the year.
Sibur has planned...
The Russian Energy Ministry has raised its forecast for the country’s oil production in 2018 to 551 million tonnes and to 555 million tonnes in 2019, minister Alexander Novak told reporters on Wednesday.
"Due to the recent decision on the OPEC+ deal on the gradual increase in oil production, we...
Russia wants to cooperate with South Africa on the construction of a nuclear power plant (NPP) planned by the country’s government, Russian presidential aide Yuri Ushakov said on Tuesday, according to Life.
"Russia is interested in cooperation in the sphere of peaceful use of nuclear energy, including construction of a...
U.S. Assistant Secretary of State for Energy Resources Francis Fannon has confirmed the U.S. position on the unacceptability of the construction of the Nord Stream 2 gas pipeline, TASS news agency reports. During a visit to Kyiv this week, Fannon “emphasized the importance of relations between Ukraine and the...
The legal status of the energy-rich Caspian basin will be discussed next month by the five states with the territory on the Caspian coastline – Russia, Azerbaijan, Iran, Kazakhstan, and Turkmenistan, Energy Reporters writes. The countries will meet in the Kazakh port of Aktau to draft an agreement on the...
Russian companies Rosneft, Gazprom Neft and Technotec are considering the option to expand cooperation with Sudanese firms, Russia’s Ministry of Natural Resources and Environment said in a statement, according to RIA.
"Various options of expanding cooperation for Technotec, Rosneft, Gazprom Neft and other companies are under consideration. The sides...
Russian state-owned oil company Rosneft is taking its partners from a consortium implementing the Sakhalin-1 offshore project to the court, seeking more than 89 billion rubles ($1.3 billion) for their alleged “unjust enrichment,” Interfax reported.
The claim also contains an additional 7 billion rubles ($110.9 million) wanted from Rosneft for...
The U.S. oil industry, which is suffering losses because of Washington’s sanctions imposed on Russia, is pushing against tighter sanctions on Moscow, Reuters reports.
The American oil companies fear the new restrictions could impact their investments in the world’s biggest oil producing country, the news agency said on Saturday, citing sources in the U.S....
