Saturday, July 11, 2020
The parent company Gazprom has established a new subsidiary, Gazprom Vladivostok. It was headed by the former Deputy Chairman of the Management Committee, the head of the Gazprom administration, and now Mikhail Sereda, First Deputy General Director of Gazprom Export, Interfax reported. An investment in securities is indicated as the...
Norilsk Nickel disputes the amount of environmental damage caused by the spill of diesel fuel, the company said Wednesday, Interfax reported. At the same time, the company confirms the obligation to eliminate the consequences of the accident at its own expense. The company sent a letter about this to Rosprirodnadzor...
Pipe-laying vessels with anchor positioning (in addition to vessels with dynamic positioning) will be able to be used in the construction of the Nord Stream 2 trunk line in the Danish exclusive economic zone, the Danish Energy Agency said in a statement. The agency emphasized, "that the remainder of the...
Saudi state-owned oil company Saudi Aramco announced higher August oil prices for Asia and official selling prices (OSP) for Europe and the United States. This is stated in the documents of the company, cited by Reuters. Prices for Asia increased by $1 per barrel, which, according to analysts interviewed by...
Possible new U.S. sanctions against Nord Stream 2 are aimed at halting the project’s implementation, which complies with EU legislation, and therefore unacceptable, Minister of State at the Federal Foreign Office Niels Annen said on Wednesday, as reported by TASS. "It would block a commercial project, which is being implemented...
Saudi Arabia has promised an oil war to OPEC+ countries in the event of failure to comply with agreements to reduce production, Gazeta.ru wrote with reference to The Wall Street Journal. According to the interlocutors of the American publication, the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman...
Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US sanctions, Russia Today writes. Venezuelan state-owned oil company PDVSA carried around 379,000 barrels per day (bpd) of crude and refined...
The price of brent crude oil has dropped, Radio Sputnik reported, citing trading sources. The price of August futures for Brent crude oil (as of 7:48 Moscow time) fell by 0.67% to $41.43 per barrel, the price of September futures fell by 0.57% to $41.61. August futures for WTI crude...
The rapidly rising price of Russia’s flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday, Reuters reported. Urals, a blend of heavy sour oil from the Urals mountains and Volga river region and light oil from...
Russia is taking a leaf out of the U.S. shale playbook so it can ramp up oil production quickly and hang on to its share of the global market when demand finally recovers after the coronavirus pandemic. At least two state-owned banks, Sberbank and VEB plan to lend oil firms...