Germany's largest crude oil and natural gas producer, Wintershall, has announced the start of production at the Sillimanite gas field in the North Sea, together with Russian energy giant Gazprom, Vedomosti reports.
Experts told the business newspaper that the projects’ production volumes might not be its main attraction. This is an...
Russia could issue energy giant Lukoil a permit for geological exploration of three locations in the Caspian Sea, if the company wins an upcoming auction, Neftegaz.ru reports.
Dmitry Kobylkin, Russia’s minister for natural resources and ecology, offered to conduct an auction featuring three locations in the Caspian Sea, namely Tyuleniy-1, Tyuleniy-2...
A common understanding was reached among global oil producers that it would now no longer make sense for OPEC and non-OPEC producers to meet before their planned gathering in early March, Russian Energy Minister Alexander Novak said on Thursday, according to Reuters.
The Organization of the Petroleum Exporting Countries, Russia...
Singapore-headquartered commodity trading company Trafigura has said it will meet requirements of the U.S. Treasury Department, which recently imposed sanctions on Rosneft Trading within 90 days provided, Economic Times reports.
"Trafigura is aware of the addition by the U.S. authorities of certain Rosneft entities to the Venezuela related designations and the associated...
The United States has imposed financial penalties on Rosneft Trading, an oil brokerage firm owned by Russian energy giant Rosneft, for operating in Venezuela's energy sector in violation of U.S. sanctions on the South American country, The New York times reports.
In a statement on February 18, Secretary of State Mike Pompeo...
The biggest oil producer in Russia, state-run Rosneft, has pledged to invest around $5 billion in eco-friendly projects over the next five years, the company said on Monday, according to Reuters.
The announcement for the plan comes after British giant BP, which owns of 19.75% of Rosneft, pledged deep cuts...
Belarusian President Alexander Lukashenko has met with with the CEO of Russia’s biggest oil company, Rosneft, Igor Sechin on Tuesday, BelTA news reports.
The meeting took place against the backdrop of difficult negotiations between Moscow and Minsk on the terms of oil supplies from Russia to Belarus.
Lukashenko thanked the head...
A Dutch appeals court has reinstated an international arbitration panel’s ruling that Russia must pay $50 billion in compensation to shareholders in the former Russian oil giant Yukos -- a ruling which Moscow said it will appeal, AP reports.
The February 18 decision overturned a 2016 ruling by a Hague...
Talks between Russia and Kazakhstan on the possible building of the Power of Siberia-2 gas pipeline route through the Central Asian country will continue, Kazakhstan’s energy minister Nurlan Nogayev has said, according to RIA Novosti.
"Implementation of this project is still a plan at this point; no concrete parameters have...
Environmental damage from oil contamination grew to 5.1 billion rubles ($80.5 million) in 2018 from one billion ($15.8 million) in 2017, the Russian Ministry of Natural Resources said in its latest report cited by Izvestia.
Russia’s environmental watchdog, the Federal Service for Supervision of Natural Resources, (Rosprirodnadzor) told the paper...
