Russia & FSU
News
April 04, 2017
PJSC LUKOIL began drilling of the first 5,500 m prospecting and appraisal well (1P) in the Vostochno-Taymyrsky license area, Krasnoyarsk Territory, six months before the scheduled deadline.
News
April 03, 2017
Russia cut its crude production in March, moving closer to fulfilling its agreement with OPEC as the deadline approaches.
News
April 03, 2017
Mechanical services group EnerMech has strengthened its market positon in the Caspian region by securing contracts with major operators valued at more than £40 million.
News
March 31, 2017
Rosneft has announced a new field in the Republic of Bashkortostan. The geological reserves of Anastasyinskoye field of C1+C2 category in the amount of 0.6 mmt were recommended by The State Commission on Reserves for state registration.
News
March 31, 2017
Elite Control Systems, a provider of systems integration services, has announced that once again a major oil and gas operator has renewed its contract with the company to provide a comprehensive process control software system and ongoing support in Azerbaijan.
News
March 30, 2017
Gazprom Neft and India’s ONGC Videsh Ltd. have used the International Arctic forum ‘Arctic: Territory of Dialogue’, currently taking place in Arkhangelsk, to announce the signing of a Memorandum of Understanding, which confirms the companies’ mutual intent in joining forces for implementation of offshore hydrocarbon production projects in Russia and elsewhere in the world.
News
March 29, 2017
Gazprom and National Iranian Oil Company have signed a Memorandum of Understanding in Moscow.
News
March 29, 2017
Russia can wait for a sustained recovery in oil prices before drilling again in Arctic waters, relying for now on less costly regions even as rival producer Norway accelerates development of its northerly fields.
News
March 27, 2017
LUKOIL commenced construction of a water treatment facility with a capacity of 4.3 thousand cubic meters an hour at Yarega field in the Komi Republic.
News
March 24, 2017
Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts this weekend, the central bank of the world’s biggest energy exporter is hunkering down for years of oil near $40/bbl.
News
March 23, 2017
Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
News
March 21, 2017
Gazprom CEO Alexey Miller and Eni S.p.A. CEO Claudio Descalzi have signed a Memorandum of Understanding (MOU).
News
March 17, 2017
Oil traded near a three-month low as Russia’s energy minister said it’s too early to discuss extending an output-reduction deal a day after Saudi Arabia indicated that a rollover to the second half of the year is a near certainty.
News
March 15, 2017
Russian oil output averaged 11.11 MMbpd in February 2017, representing no further output reductions relative to the January 2017 level. Since the early December 2016, the Russian government has been reassuring the industry that the country will reach the production cut target of 300,000 bpd relative to October 2016 by April 2017.
News
March 14, 2017
Lukoil PJSC returned to profit in the fourth quarter after crude prices rallied.
News
March 10, 2017
Investing in Russian oil has become a choice between cash or glory, and Lukoil PSJC looks like the richer side of the bet.
News
March 08, 2017
Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the OPEC and non-OPEC deal.
News
March 07, 2017
LUKOIL has completed drilling the fourth well at Filanovsky field in the Caspian Sea. The length of the horizontal section is 1,194 m for the main bore and 1,366 m for the lateral.
News
March 06, 2017
Weatherford International plc today announced the development and deployment of a high-performance cement retainer and bridge plug for use in wells in Sakhalin Island, Russia.
News
March 03, 2017
Lukoil launches new well completion technologies for multi-stage hydrofracturing in Yugra
News
March 03, 2017
Europe’s appetite for natural gas is leading to a growth “renaissance” as its stores of the fuel languish at the lowest levels since 2013, according to Gazprom PJSC.
