Friday, 14.12.2018
A tender for the design and construction of a 68.4-MW wind project was launched by the local government in Russia’s Leningrad region, the Russian Association of Wind Power Industry (RAWI) has said. The competitive selection was launched last week by WWES Sviritsa in the form of an open request for...
Russia’s Gazprom Neft, the only oil company producing on Russia’s Arctic shelf, has received its first icebreaker, the Alexander Sannikov, on Friday, reaching a milestone in developing the region, Lenta. The vessel was built under the Arctic Time program, under which six tankers were floated out and put into operation...
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...
China is in talks with Russia to build a 'Polar Silk Road' through developing Arctic shipping routes opened up by global warming, a Chinese government white paper published on Friday says. Despite not being an Arctic country, China is pushing its ambitious global trade infrastructure program to the polar region,...
Chinese company Huarong Asset Management emerged as a new co-owner of Russia’s top oil producer Rosneft, Vedomosti reported. Huarong is controlled by the state-owned China Life Insurance and China’s finance ministry. The group enters the game despite Rosneft’s CEO Igor Sechin previously saying the company’s shareholder structure had already been...
Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments, The Associated Press reports. Khalid al-Falih, Energy Minister of the world's top supplier Saudi Arabia, said the kingdom would cut its production by 500,000 barrels per day. Russia, the...
ENGIE, as one of the European partners of the Nord Stream 2 pipeline, has already invested half of its financial obligations in the pipeline and is ready to provide the rest in the coming months as the construction company needs it, ENGIE Executive Vice President Pierre Chareyre told Vestnik...
Singaporean company Pavilion Energy, backed by the country’s state holding Temasek, is considering its participation in the $25.5 billion Arctic LNG 2 project developed by Russia's largest independent gas producer, Novatek, The Straits Times reports. On Tuesday, the chairman of Novatek's board and Russia's second-richest man, Leonid Mikhelson, and...
Deteriorating trade relations between the United States and the European Union took another turn for the worse last week after U.S. President Donald Trump imposed steel and aluminum tariffs on America’s allies: Canada, Mexico, and the EU. Some analysts say this U.S. alienation of EU countries on trade is a...
Oil export duties in Russia will be gradually cut to zero over six years, according to a new agreement between Russia’s finance and energy ministries and its main oil companies, Reuters reported. Two government sources told the news agency on Wednesday that the agreement was made at a special meeting to...