Saturday, December 5, 2020
American oil giant Exxon Mobil cited U.S. and European sanctions against Russia in announcing that it is abandoning its joint ventures with Russian state-run oil company Rosneft, Reuters reported. The move late on Wednesday signaled that the largest U.S. oil company is giving up on its fight against U.S. sanctions imposed...
The risk of U.S. monopoly-related sanctions is deterring Russia from forming a permanent alliance with global oil cartel OPEC, Russian Energy Minister Alexander Novak said on Thursday, according to Reuters. In an unprecedented joint effort to curb output and support prices, the Organization of the Petroleum Exporting Countries (OPEC)...
Rosneft, Russia’s largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday. The newspaper, citing unnamed sources, said the cuts will be implemented from Oct. 1 when...
The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets. According, to RFE/RL, IEA Executive Director Fatih Birol said at an event in Tokyo...
Europe would build more terminals to import American liquefied natural gas (LNG) in order to solve the dispute over trade tariffs with Washington – this was part of an agreement between the President of the European Commission Jean-Claude Juncker and U.S. President Donald Trump last week, Nezavisimaya Gazeta writes in...
Russia wants to supply energy to Greece and is ready to expand cooperation in the gas sector with the country, according to Vyacheslav Mischenko, Executive Director of the Skolkovo Energy Center. "Russia is ready to expand cooperation with Greece in the gas field," Mischenko He told reporters at an energy...
Russian gas giant Gazprom’s CEO, Alexei Miller, has arrived at the venue for trilateral transit gas talks between Russia, the European Union and Ukraine, TASS reports. The head of Gazprom has declined to comment on the meeting’s progress prior to its opening. Russian Energy Minister Alexander Novak and Vice President of...
Production of oil and gas condensate in Russia is projected at 507.4 mln tonnes in 2020, a 9.5% decrease compared with 2019, whereas gas output is expected to drop by 6.4% to 690.8 bln cubic meters, according to the country’s social and economic development for 2021 and the planned...
Russian gas producer Novatek has announced plans to ship 80 percent of the liquefied natural gas (LNG) from its Arctic LNG 2 plant to Asian markets via the Northern Sea Route, RT reports. According to the head of Novatek Leonid Mikhelson, “The plant’s three liquefaction lines with a total capacity...
А Russia-led consortium created to build the controversial Nord Stream 2 pipeline said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state’s territorial waters, Lenta.ru reports. Denmark is facing a dilemma on whether the project can be...