Russia

News
August 01, 2022
Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced.
News
July 22, 2022
Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa.
News
July 22, 2022
Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed continued cooperation within OPEC+ in a phone call, according to a statement from the Kremlin.
News
July 07, 2022
The U.S. and its allies have discussed trying to cap the price on Russian oil between $40 and about $60 a barrel, according to people familiar with the matter.
News
June 24, 2022
Russia’s invasion of Ukraine has dominated headlines in terms of being a humanitarian crisis in Eastern Europe, which it is, first and foremost. It also continues to have sweeping implications for the global energy industry, the global economy, and everyone on the planet.
News
June 22, 2022
Veteran commodities trader Pierre Andurand said it’s “hard to think of a downside” to a proposed oil price-cap on Russian crude that’s been floated by U.S. Treasury Secretary Janet Yellen.
Article
June 2022
The invasion of Ukraine in February has burdened Russia’s exploration and production industry with a second round of constraints that have deep and far-ranging consequences.
News
June 20, 2022
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s exiting the development over the invasion of Ukraine.
News
June 15, 2022
Sanctions have led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects.
News
June 07, 2022
The European Union’s ban on seaborne imports of Russian petroleum in response to Russia’s invasion of Ukraine will lead to an 18% drop in the country’s fuel output by the end of next year, the Energy Information Administration (EIA) said in a monthly report.
News
June 03, 2022
The modest supply boost may ease tight markets. But it leaves unanswered the question of whether the U.S. can turn Saudi Arabia into an ally in its campaign to economically isolate Russia.
News
June 02, 2022
OPEC+ agreed to increase the size of its oil-supply hikes by about 50%, in a deal that kept Russia at the heart of the cartel while also heeding pressure from major consumers including the U.S.
News
May 31, 2022
The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said.
News
May 27, 2022
Some EU leaders are leaning toward a deal that would ban seaborne oil while temporarily sparing deliveries through a key pipeline to give landlocked Hungary more time.
News
May 25, 2022
Timchenko said that Ukraine is the number one topic at Davos, focusing on the country’s role in the future, particularly regarding energy security. A critical part of energy security is renewables.
News
May 24, 2022
The United Arab Emirates has started shipping rare cargoes of oil toward Europe, where crude buyers are snubbing imports from Russia in the wake of the nation’s invasion of Ukraine.
News
May 24, 2022
The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine.
Article
May 2022
The dire predictions by executives and consulting firms about the short-term/long-term effects of Covid-19 on the industry were overwhelming. The unrelenting onslaught of “we will never recover” or “nothing will ever be the same” seemed short-sighted.
Article
May 2022
Amidst the crush of energy, financial and wartime news, you might have missed a significant milestone within Russia’s oil and gas industry. On April 21, now-former Lukoil CEO Vagit Alekperov resigned from that company.
News
May 23, 2022
Oil eased off earlier gains with the European Union’s ban of Russian oil looking increasingly unlikely to pass.
News
May 23, 2022
Russia’s seaborne crude exports are flowing unabated, despite European Union regulations that prohibit dealings with the country’s state energy companies.
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