Oil prices in global markets increased during the Christmas Eve session after the Russian Energy minister backed the latest OPEC+ decision to trim the oil supply, Investing.com reports.
Members of the Organization of Petroleum Exporting Countries (OPEC), together with Russia, reached a deal earlier this month and decided to cut the...
In their first joint investment since agreeing on a strategic partnership in 2012, Russia’s biggest oil company, Rosneft, and Norway’s Equinor have agreed on details on how to develop an Arctic Siberian onshore oilfield, Reuters reported on Monday.
In the first stage of developing the Severo-Komsomolskoye oilfield, the two companies...
Moscow and Kyiv have reached a new five-year agreement on Russian gas transit through Ukrainian territory, averting a supply crisis, The Moscow Times reported on Sunday.
Russian energy giant Gazprom threatened to cease all shipments through Ukraine to European consumers if the two countries failed to replace the current transit...
U.S. President Donald Trump has signed a law that will impose sanctions on any firm that helps Russia's state-owned gas company, Gazprom, finish a pipeline into the European Union, AFP reported Saturday.
The sanctions target firms building Nord Stream 2, an undersea pipeline that will allow Russia to increase gas...
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...
Russian state-run company Transneft has paid compensation to 14 firms in Kazakhstan over contaminated oil deliveries through the Druzhba pipeline this year, TASS news agency reported on Friday.
Russia was forced to shut down its Druzhba pipeline carrying oil to Europe for two months in April after refinery equipment-damaging chemicals...
Russian gas giant Gazprom is trying to include a $3 billion payment it owes Ukraine’s national gas company Naftogaz under a ruling by the Stockholm Arbitration in ongoing negotiations on a long-term gas supply deal with Ukraine, Reuters reports.
According to sources in the Russian delegation speaking to the media,...
In its second annual reduction in a row, the management committee of Russian state-run energy giant Gazprom has approved a 16.5% cut in investments next year, Finanz.ru reported.
The company’s capital expenditure plan for next year, pending approval by the company’s board of directors, is set at 1.1 trillion ($18 billion), down...
The U.S. is set to create a new $1 billion fund for energy projects in Europe and Eurasia to free countries like Ukraine from Russian energy dependence, ABC News reports.
American lawmakers say Moscow uses its dominant position in energy to exert a malignant influence across the region.
The plan authorizes...
Russia hopes the country’s steel pipe maker TMK and the Republic of the Congo's national oil company, SNPC, are signing a deal soon to build an oil pipeline in the West African nation, Russian deputy energy minister Pavel Sorokin said on Tuesday, according to Reuters.
Sorokin also said state-owned arms...
