Swiss-Dutch offshore contractor Allseas has halted its activities related to Russia’s Nord Stream 2 natural gas pipeline after the United States said the company could be sanctioned for its participation in the project, TASS reported.
"In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its...
The Russian Ministry of Energy is planning to provide a series of preferences for companies that will use domestic gas turbine equipment, Kommersant reports.
A draft decree approving a mechanism of investments raising for thermal power plants upgrade has already been prepared, the report says.
In particular, thermal power plant commissioning...
Oil fell on Monday and was headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014, CNBC reported.
Last week, Brent futures traded above $80 a...
Global palladium prices soared to a new record on Tuesday as supply concerns for the autocatalyst metal were driven by the risk of a ban on some Russian exports, Reuters reports.
As of 0642 GMT, spot palladium rose 0.4 percent to $1,589.83 an ounce, after marking an all-time high of...
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...
Russia on Thursday moved one step closer toward its goal of commanding 20% of the global LNG market by 2035, as gas major Novatek gave the go-ahead for its Arctic LNG 2 project, Vesti.ru reports.
The privately owned company, alongside Russia Energy Minister Alexander Novak, announced Thursday that it made a final...
Russian President Vladimir Putin has lauded the high standards and ecological sustainability of the TurkStream gas pipeline, which he launched on Wednesday together with Turkish President Recep Tayyip Erdogan, Energyland.info reports.
"The construction of TurkStream used cutting-edge innovative technologies which allowed us to ensure maximum economic efficiency of gas transmission, guarantee safety...
Russian state-run energy giant Gazprom has supplied the first billion cubic meters of natural gas over the TurkStream gas pipeline, the company said on Monday, according to Vedomosti.
"About 54% of this volume were delivered to the Turkish gas market and around 46% — to the Turkish-Bulgarian border," the company says.
Commercial deliveries...
New measures to prop up the ruble and Russia’s oil producers were announced on Thursday, as the government is trying to manage the economy in times of sinking oil prices and global panic over the coronavirus, the Moscow Times reports.
"The government and the Central Bank will continue to take...
OPEC and its Russia-led non-OPEC partners will act to ensure enough supply in the market should disruptions in Venezuela and Libya lead to a deficit, Russia’s Energy Minister Alexander Novak said on Friday.
Last month, Russia and OPEC’s largest producer and de facto leader Saudi Arabia managed to get OPEC...
