Russia’s Sovcomflot Says Arctic Sailings Will Become Routine
The NSR runs close to the Arctic Circle from the Russian Far East to the Baltic Sea and is typically open from July to November. Russia is promoting the lane Continue Reading
World Bank Reduces Russia 2019 Growth Outlook On Oil Cuts
The World Bank reduced its economic growth outlook for Russia for this year because of lower crude oil production, the institution said in a new report on the economy of Continue Reading
Secretary Perry: U.S. LNG To Remain Competitive To Russian Gas
The price of liquefied natural gas (LNG) that the United States is exporting to Europe will stay competitive to Russian pipeline gas supplies in the long term, U.S. Secretary of Continue Reading
Russia’s Novatek inks preliminary deal to market LNG, gas in China
Russia’s Novatek has signed a preliminary deal to create a joint venture with China’s Sinopec and Gazprombank to market LNG and gas to end users in China, Novatek said Wednesday. Continue Reading
Shell plans to drill 10 UK wells a year in expansion drive
London — Shell plans to drill 10 wells a year offshore the UK as operator over the next three years, including development and exploration wells, as it builds its North Continue Reading
EU regulated CO2 emissions fall 3.9% in 2018: EC
Carbon dioxide emissions under the EU Emissions Trading System fell 3.9% in 2018, the European Commission said Wednesday, driven by clean energy displacing fossil fuel-fired electricity, confirming indications from partial Continue Reading
Global climate goal measures an ‘enormous challenge’: Equinor
Oil demand needs to halve, gas use must drop by 10% and coal use needs to be all but eradicated by 2050 to achieve the goals of the Paris agreement Continue Reading
Russia-China to discuss growing energy ties amid global trade uncertainty
China’s President Xi Jinping is set to discuss energy cooperation with his Russian counterpart Vladimir Putin during a state visit to Russia this week, with US sanctions and trade disputes Continue Reading
BP’s West of Shetland fields propelling UK growth
BP is well on track to meet its goal of producing 200,000 b/d of oil equivalent offshore the UK by next year as its revamped Clair field performs better than Continue Reading
Oil prices fall on surprise U.S. stocks rise, Russia supply comments
Oil prices resumed their slide on Wednesday, dragged down by an unexpected gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point Continue Reading