Tuesday, 23.04.2019
Questions are being raised about the longevity of OPEC and Russian collective production cuts, after a surge of Brent crude prices over the last few weeks brought the price to $70. “Top OPEC officials surely did not expect such a dramatic run-up in prices, at least not this early in...
Russia's largest non-state natural gas producer Novatek will launch a second line at its Yamal LNG plant in September, the RIA news agency cited the company as saying on Wednesday. Novatek owns a 50.1 percent stake in Yamal LNG. France's Total and China National Petroleum Corp each control 20 percent,...
If a ceasefire can be implemented in eastern Ukraine with the help of U.N. peacekeepers, Germany favors easing some sanctions imposed on Russia, Foreign Minister Sigmar Gabriel said on Saturday. According to Reuters, he said it was “not realistic” to insist on full implementation of the Minsk peace accords...
Russia’s Energy Minister Alexander Novak said oil companies from his country could sign contracts with Iran this month that would allow them to work on Iranian oilfields, Reuters reported. "Over ten different fields. Companies are Gazprom, Rosneft, Gazprom Neft, Zarubezhneft, Tatneft, and Lukoil. These companies made fairly good progress in...
Russian state oil company Rosneft and Italy's Eni failed to find oil suitable for commercial exploitation in the Black Sea as the well they were drilling proved to be dry, a source close to operations told Reuters on Wednesday. Rosneft and Eni started to drill the well, known as "Maria-1", in December. The...
Russian gas giant Gazprom said on Friday it has signed a 5-year gas supply deal with Slovenia, STA news agency reported. The deal is valid from Jan. 1, 2018 to Jan. 1, 2023, with supply volumes set at 600 million cubic meters of gas per year. Last year, Gazprom shipped...
China’s CEFC has abandoned plans to buy $9 billion stakes in Russian oil giant Rosneft, with the Qatari sovereign wealth fund and Swiss mining company Glencore choosing to cancel the deal. The Qatari Investment Authority will now own 18.93% of Rosneft, becoming the third-largest shareholder after the Russian state and...
French energy giant Total agreed on Thursday to increase its role in liquefied natural gas projects in the Arctic with Russian firm Novatek, Vedomosti reported. The deal will see Total take a 10 percent direct stake in Novatek's Arctic LNG 2 project on the Gydan Peninsula in the north of...
Rosatom, Russia’s state-owned atomic energy corporation, has concluded a number of agreements on cooperation with China in the field of nuclear energy, Kommersant business daily reported. “Within the signed package of intergovernmental agreements in the nuclear area, framework contracts have also been concluded... for the construction of Tianwan NPP power...
Iran's oil minister has walked away from negotiations with other major oil producers over a significant increase in oil production advocated by Russia and Tehran's arch-rival, Saudi Arabia, The Wall Street Journal reported. Iranian Oil Minister Bijan Zanganeh's exit from a meeting in Vienna on June 21 threw into question...