Russia’s Gazprom Neft expects lifting costs at Bazhenov formation, the world’s largest shale oil resource, to gradually fall and reach an acceptable level for viable production by 2022-2023, a top Continue Reading
OSLO (Reuters) – Equinor has drilled a dry well near its Korpfjell gas find in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Monday, in an area near the Continue Reading
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July, to cooperate on oil supplies on a long-term basis, Japan’s Continue Reading
President Trump continued his relentless offense against Russian gas in Europe this week by threatening to slap sanctions on Germany for its equally relentless support of the Nord Stream 2 Continue Reading
So far this year, Russia has been flooding the European markets with an oversupply of natural gas despite the fact that the glut is pushing natural gas prices lower. Booming Continue Reading
UK energy provider SSE Plc said on Thursday that it is proposing to close its last coal-fired power plant in the country by March 2020, amid a national and international Continue Reading
(Reuters) – Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or Continue Reading
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
Norway’s sovereign-wealth fund is embracing renewable energy and winding down fossil-fuel investments. The Scandinavian nation’s parliament voted on Wednesday to instruct its $1 trillion fund to pull an estimated more Continue Reading
