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Tags: Russian oil and gas industry


Earthquake Equipment Invented to Increase Oil Recovery by 20 Percent
The breakthrough equipment creates earthquakes at the payzone level in the oil well.
The Revenues of Russian Budget from Oil Exports Grew Up
The revenues of Russian budget from oil exports in January-March of this year grew by 21 percent in annual terms and amounted to 28.2 billion US dollars.
Rosneft Completed Drilling the First Super Deep-water Well Maria-1
Rosneft completed drilling the first super deep-water prospecting and evaluation well Maria-1 in the West-Black Sea area on the Black Sea shelf.
Rosneft Deutscland Develops a Strategy of Independent Marketing in Germany
Rosneft Deutscland develops a strategy of independent marketing for the entire assortment of its petroleum products on the German market.
Russia will Reach a Peak of Oil Production in 2021
Russia will reach a peak of oil production - 11.7 million barrels per day - in 2021, then by 2023 the volume will fall to 11.57 million barrels.
Iran Delivered the First Shipment of Oil to Russia
In November, Iran delivered the first shipment of oil to Russia as part of the oil-for-goods program.
OPEC Exceeds Its Plan In Reducing Oil Production
The Organization of Petroleum Exporting Countries (OPEC) in October exceeded its plan to reduce oil production by five percent.
OPEC Extends the Agreement On Limiting Oil Production
The Organization of Petroleum Exporting Countries (OPEC) will extend the agreement on limiting oil production till the end of 2018.
Rosneft Intends to Sign a New Agreement With Iraqi Kurdistan
Rosneft intends to sign an agreement with the authorities of Iraqi Kurdistan on financing the expansion of the gas pipeline infrastructure.
Russia Increased Its Oil Export Revenues By 35 Percent
Russia has increased its oil export revenues by 35 percent in annual terms, up to 53.14 billion dollars, in January-July 2017. This is evidenced by the data of the Federal Customs Service (FCS).
Rosneft Signed an Agreementand With the Chinese Huaxin Energy Company
The agreement on strategic cooperation provides for the implementation of joint exploration and production projects in Western and Eastern Siberia, as well as the interaction of both companies in the field of oil refining and petrochemicals, trade in oil and oil products.
Gazprom Signed An Agreement With Hungarian Authorities
The Russian holding company Gazprom and the Hungarian authorities signed an agreement on gas supplies via the Turkish Stream.
Rosneft Drilled the Central Olginskaya-1 Well
Rosneft, the oil and gas company drilled the Central Olginskaya-1 well as a result of geological exploration on the shelf in the Eastern Arctic.
Orenburgneft Opened a New Oil Field
Orenburgneft (a subsidiary of Rosneft) has opened a new oil field in Bakhtiyarovskoye of the Orenburg region.
Lukoil May Sell Its Gas Stations In Russia
Lukoil may decide to sell all its gas stations in Russia before the end of the year.
Rosneft Announced New Partnership
The transaction of the purchase of a 19.5 percent stake in the Rosneft company by a consortium consisting of the Glencore oil trader and the Qatar Investment Autority (QIA) sovereign fund has been closed.
Rosneft Delivered Gasoline to APR
Rosneft Trading SA Company being a part of the Rosneft Group delivered the first batch of gasoline in the Asia-Pacific Region (APR).
The Largest Russian Oil Buyers
Forbes first published the rating of the largest Russian oil buyers.
Oil And Gas Forum
Without stand-by capacities in gas production and transportation its market (stock exchange) value will be several times higher than regulated prices.
Oil Summit In Doha
On Sunday the 17th of April the representatives of the oil extracting countries will gather in Doha (Qatar) to discuss the freeze of oil extraction.
New Oil Cartel
Russia is planning to create a new cartel which will control over three quarters of the world oil.
Amount Of Oil Extraction Will Remain Same
The Russian oil companies will continue to extract the same amount of oil as in January 2016.
Rosneft Will Invest $500 million
Rosneft and the Venezuela state oil company PDVSA signed a contract at night of the 20th of February according to which the Russian company will invest $500 million into mining in the oil-bearing belt of the river Orinoko.
Oil Export Duty
The Head of Rosneft Igor Sechin believes that the increase in the tax burden in the fuel and energy sector will lead to a decrease in oil production.
Gazprom Signed a Memorandum With CNPC
The memorandum on gas supplies to China between Gazprom and the Chinese National Petroleum Company (CNPC) provides for a third route in addition to the eastern and western ones.
Rosneft Protests Against OFAC Decision
Rosneft has posted an official statement over the move to include some of its subsidiaries on the sanctions list by OFAC.
Rosneft Will Enter Helivert Joint Venture
Rosneft, the Italian Finmeccanica SpA company and The Helicopters of Russia signed an agreement on the reorganization of the Helivert joint venture.
Rosneft Posts 2014 Figures
The Russian oil giant produced 251.6 mt of hydrocarbons in 2014, 14.5% up from 2013, and EBITDA grew by 11.6 percent, totaling RUB 1,057 billion.
Gazprom's Substitution Program
Gazprom intends to refuse from the procurement of products in the countries that have joined the sanctions against Russia within the frame of the import substitution program.
Rosneft Launches Output on 3rd Sakhalin 1 Field
Rosneft has launched production at the Arkutun-Dagi field after painstaking preparatory works involving international players amid tough sanctions imposed by an alliance of countries over Russias alleged role in the Ukraine crisis.
The Anti-crisis Plan Will Deprive Rosneft Of NWF Money
The approach to the use of the National Welfare Fund (NWF) has changed: now the money will be allocated to the anti-crisis plan in the first place, and then later on infrastructure projects.
Buzz Barometer: Russia Feels Oil Price Pinch - The Guardian
The Guardian painted a grim picture of Russias future amid falling oil prices, with the Russian government barely holding the fort.
Russia Might Reduce Oil Production
The Russian Government is working on the possibility of reducing oil production volumes for maintaining its prices. This was announced by the Energy Minister Aleksandr Novak.
Rosneft's 9M Operating Results
Rosnefts CEO has praised the oil giants performance in the first nine months of 2014, boasting high operating performance on the back of improved operating efficiency.
Buzz Barometer: Rosneft's $50 BN Relief Plea
The government is facing a huge dilemma to cough up almost $50 billion requested by the Russian oil giant Rosneft for its investment plans or not.
Global Oil Demand Reduces
The experts from the International Energy Agency have lowered its forecast of global oil demand. According to the IEA, at year-end of 2014 the world will consume a daily average of 92.4 million barrels of oil. This is about 200 thousand barrels less than it was previously conceived.
Buzz Barometer: Russia's Oil Industry Stymied by Sanctions
Despite Moscows shrugging off Western sanctions as foolishness, theres growing evidence that the restrictions imposed over Russias alleged role in the Ukraine crisis may be working, at least in terms of bad publicity.
Gazprom Corruption Scandal
During the next few months the General Prosecutor's Office of Switzerland intends to bring an official accusation of corruption against the four people, possibly including two top managers of Gazprom.
Oil Prices Are Predicted To Fall
Oil prices may fall significantly below $ 100 per barrel in 2015-2017, this sum being forecasted by the Ministry of Economic Development of the RF, the Deputy Finance Minister of Russia Aleksei Moiseev believes. He connects the possibility of oil prices reduction with the reducing influence of geopolitical risks.
Rosneft Asks For State Support
Rosneft that has asked for the state financial aid in the amount 1.5 trillion roubles from the funds of NWF can count upon a sum many times smaller than that, the Minister of Economic Development Aleksei Ulyukayev said. The Ministry of Energy proposes to support certain investment projects of the company.
The USA Sanctions Against Rosneft May Influence The Plans For Its Privatization
The USA sanctions against Rosneft may influence the plans for its privatization. This was reported by the Russian Minister of Economic Development Aleksei Ulyukayev. The issue of sanctions will be raised in the WTO.
Rosneft Conducts Legal Analysis Of Sanctions
Operating cash flow of Rosneft allows the company to continue the implementation of current projects under the sectoral sanctions of the USA.
Rosneft Will Conduct Geological Explorations Mainly On Russian Shelves
The bigger part of seismic explorations and investments in geological exploration by Rosneft oil company in 2014 is scheduled for the Russian shelf.
Rosneft's Q1 2014 Financials Positive But Future Uncertain
Rosneft boasts positive operating and financial results for 1Q 2014 amid fears for the future after its president has been placed on the US black list.
BP's Interest in Russia Could Backfire - Media Reports
BP could be the biggest loser in the west-east stand-off over Ukraine if the situation deteriorates further, according to independent analysts. The British oil giant has come under increasing pressure from its shareholders over its close relations with Russias Rosneft.
Gazprom Might Change Currency For International Transactions
Gazprom finds it possible to use the Russian ruble in the transactions with foreign contractors.
Media Buzz: Possible US Oil Sale as Penalty for Russia
George Soros has been actively promoting a crude sale-off by the US as a penalty for Russia. But would a renewed US-Saudi energy alliance be a more powerful instrument?
Rosneft's Lesson on How to Use Crisis as Investment Opportunity
Rosneft CEO Igor Sechin has used the Ukraine crisis and the rumours of him being placed on the black list by the US and the EU to increase his stake in the company.
Strong Outlook for Russia's Energy Sector - Report by BP
Russia will remain a strong energy player on the global markets by 2035, says a study by BP. Click here to find out more.
International Monetary Fund Urges Russia To Abandon Oil "Props"
Russia requires far-reaching policy reforms with the support of new investments, tight fiscal policy and more efficient use of resources. The pre-crisis growth factors of the Russian economy have been exhausted, according to the International Monetary Fund's annual review of the Russian economy.
Buzz Barometer: Lukoil
Lukoil has been generating a lot of news recently, so we decided to take a look at whats driving the buzz.
Paper Review: Russian Rosneft's Rally
The news of the possible purchase of the Russian oil company TNK-BP by state-controlled Rosneft made a splash in the media on Thursday and will surely send more ripples as analysts digest the rumours and as more details will be coming out.
Media Predicts Tough Times for Gazprom
What will Russia's gas giant Gazprom do if it loses its key supplier status in Europe? Russia-IC looks at what the international media has to say on the matter.
The Failure of BP-Rosneft Deal
BP's and Rosneft's deal for $16 billion collapsed. Russian state-owned company is out of the agreement with BP due to the refusal of the Russian shareholders of TNK-BP to sell its stake in the company, at this moment Rosneft is searching for the new partners.
Oil deliveries dispute
It's been a long time since Russia and China couldn't agree on future gas supplies and have already fallen out due to the terms of existing contract for oil supplies. Russian side has accused China of violating the treaty and asks to return 100 million dollars of the debt. Otherwise, Moscow will take the matter to the international court.
Rosneft and BP are planning to drill for oil in a remote region of the Arctic. Is it a slapdash environmental attitude?
Russian Rosneft oil company and British BP will explore the Kara Sea, known for its energy resources and the most fragile environment in the world. This fact frightens ecologists.
Gas and oil in the focus of Greek-Russian mutual interests
Yesterday the three day official visit of the Greek MP Costas Karamanlis to Moscow was over. It was the fifth Russia-Greek meeting at the high level for the last two years. The main result of the meeting is the Russias claim to supply double as much gas to Greece up to 2040.
Russian Oil and Gas Companies
Much is told today about oil invasion of Russia to the world markets, therefore it can be useful to learn more about the leading oil and gaz companies, locomotives of the Russian economy and business.
Rosneft: Initial Public Offering Or Ostracism?
Russian oil giant Rosneft set up after the break-up of Yukos has initiated its IPO both in Russia and London.


Oil and Gas Extraction Optimized with Artificial Intelligence in Siberia
Five Russian oil companies are interested in the project, which involves the Siberian Branch of the Russian Academy of Sciences and a number of private companies.
The Castro 10 (C10) Vessel has Started Preparatory Work on Laying Gas Pipes for the Nord Stream-2
The vessel is working on a marine coastal area which will be connected to the onshore section of the pipeline.
Export Duty on Oil will be Gradually Reduced to Zero
The State Duma has adopted two laws on the completion of the tax maneuver in the oil and gas industry in the third reading.
Digital Innovations Centre by Gazprom Neft
Gazprom Neft is creating a Digital Innovations Centre (DIC) for the implementation of digital technologies in the field of logistics, processing and marketing.
Oil And Gas Extraction: New Methods
Russian scientists proposed revolutionary changes in the methods of oil and gas extraction. The idea is to use a laser instead of a drill; the new method does not destroy the rock, but melts it.
TMK Goes to Oman
One of the world's leading producers of steel pipes for the oil and gas sector, TMK, buys up a plant in the Middle East to expand in the vital market.
Russian Oil and Gas Reserves Grew in 2011
As a result of geological survey, Russian oil and gas reserves grew in 2011, claimed the Minister of Natural Resources and Ecology Yuriy Trutnev.
Rosneft and Exxon Mobil to Open a Joint Venture
In February 2012 the largest Russian oil company Rosneft is going to make an agreement on creating a new joint venture with the American company Exxon Mobil.

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