Wednesday, 17.10.2018
Russia’s biggest independent gas company, Novatek, said last week that its subsidiary Arctic LNG 3 has confirmed a new natural gas and condensate field in the North-Obskiy license area in shallow-water Ob Bay offshore northern Russia, Vedomosti reported. News of the North-Obskoye Field discovery was announced after testing of the...
Russia's oil export duty CL-EXPDTY-RU is expected to rise to $152 per tonne in November from $137.5 a tonne in October, data from the finance ministry showed on Monday, according to Reuters. The level of the duty is calculated by the finance ministry and is based on the monitoring...
Russia’s largest European coal export terminal at Ust-Luga, near St Petersburg, shipped 15% less coal in the first three quarters of the year amid infrastructure upgrades, operator Rosterminalugol said on Thursday, according to PortNews. Ust-Luga loaded 15.4 million tons for export, down from 18.2 million tons in January-September last year, company data...
Russia’s gas major Gazprom has contracted the Zvezda Shipbuilding Complex in Russia’s Primorye territory to construct four offshore vessels, the company said in a statement on its website. Three of the vessels will be supply ships used for towing operations, anchor handling and cargo delivery to production and drilling platforms,...
VTB Group is likely to bid alone for the debt-ridden Essar Steel after Russia’s second-largest bank earlier had plans for taking over the debt-ridden Indian steel maker via its subsidiary Numetal Mauritius, The Times of India reports. VTB Bank is the lead shareholder in Numetal. According to an India Supreme...
A technology roadmap to launch the production of pipes with built-in recording, processing, and switching devices was signed by the heads of gas giant Gazprom and pipe maker TMK last week, according to Sever Press. Alexey Miller, Gazprom’s Chairman, and Dmitry Pumpyansky, Chairman of the Board of Directors of TMK,...
Additional, wider-ranging sanctions from Washington on major Russian oil and gas companies would cripple the energy systems in Europe, Bob Dudley, chief executive at BP which holds just below 20 percent in Rosneft, said on Wednesday, according to Vedomosti. “I do not think that would happen. If sanctions were put...
Russia and Syria have discussed the possible reconstruction of gas transportation infrastructure, underground gas storage facilities, oil and gas production and oil refineries in Syria, Russian Energy Minister Alexander Novak was quoted as saying by RIA news agency. The two countries also agreed to speed up reconstruction of thermal power...
The head of Russia’s Gazprom said on Tuesday the state-run giant will resume importing Turkmen natural gas from the start of 2019, after a three-year-long break, RFE/RL reports. Gazprom CEO Aleksey Miller made the commitment in an interview with Turkmenistan’s state-run television channel on October 8. Until it was displaced...
Russian Energy Minister Alexander Novak said on Tuesday the controversial Nord Stream 2 pipeline will be built even if the United States decides to impose sanctions against companies participating in the project, Reuters reports. "We hope that there will be no sanctions. If U.S. restrictions are imposed, the project will...