A gas explosion at a Gazprom distribution center in the Russian city of Kazan has killed one person and left three injured, the Russian Emergencies Ministry said, as reported by Sputnik.
"As a result of the incident, one person was killed, two people were injured. At the moment, a 45-year-old...
Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end of the year, OilPrice.com reports.
“The critical and expensive nature of oil and gas extraction (in terms of revenue, opex...
Greenhouse gas emissions during Russian gas supplies over the Nord Stream and the TurkStream gas pipelines are more than three times lower, compared to LNG supplies from the United States, to Europe, the Russian gas holding Gazprom said on Wednesday, TASS reported.
"Greenhouse gas emissions in the Gazprom Group declined...
Russia’s oil pipeline monopoly Transneft reported on Thursday a 13% increase in first-quarter net earnings year on year to 56.7 billion roubles ($822 million) due to higher sales. Transneft’s revenues in January-March edged up 1.3% to 263.3 billion roubles, Reuters reports.
The company also said it had paid 4.9...
Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis, Reuters reports.
The report from the American Petroleum Institute, an industry group, said crude...
Russia’s energy major Gazprom has announced a record tender to purchase almost 100 billion rubles worth of pipes ($1.5 billion) for its natural gas projects, including the Power of Siberia mega pipeline, Russia Today reported.
Deliveries are expected to start this year and continue till the end of 2022, according...
Germany is under tremendous pressure from the United States, which demands Berlin revise its energy policy towards Moscow, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Sunday, TASS informs.
"Obviously, it is a colossal pressure over energy matters. When day after day the US ambassador in Berlin threatens the German...
Russia will produce from 510 million to 520 million tonnes of crude in 2020, Russian Energy Minister Alexander Novak told reporters after the OPEC+ Ministerial Meeting on Saturday, TASS reported.
"We had an estimate of some 510-520 million tonnes, so within this amount," Novak said adding that the indicator includes...
OPEC and its allies led by Russia meet on Saturday to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs, Reuters reported.
The producers known as OPEC+ previously agreed to cut supply by a record 9.7 million barrels...
