Russia’s local bonds fell the most in three weeks on speculation the U.S. could target the nation’s sovereign debt with a tougher round of sanctions over the poisoning and jailing Continue Reading
Russia could end up borrowing US$6.8 billion (500 billion Russian rubles) less than planned this year as rising oil prices help its key oil revenues to rise, Bloomberg reported on Continue Reading
Russia last month pumped below its OPEC+ oil-output target for the first time since the historic curbs began last May, failing to take full advantage of a more generous quota. The Continue Reading
Extreme winter weather in Russia, at least more extreme than usual for Siberia, resulted in lower Russian oil production so far in February compared to January and lower than the Continue Reading
The developer of the almost-complete Nord Stream 2 gas pipeline from Russia to Germany said Feb. 26 that it had the financing in place to complete the pipeline, shrugging off Continue Reading
First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek – from its much-awaited fourth train at the Yamal LNG project, according to Continue Reading
The Biden administration is planning a broad package of measures, including sanctions, to punish Russia over the sprawling SolarWinds espionage campaign that struck at the heart of the US government. US officials Continue Reading
Highlights Pipelaying work for 55 Bcm/year line continues Uncertain timeline for completing Nord Stream 2 Signs of detente between Washington, Berlin London — The US remains on standby to impose Continue Reading
The Biden administration is reviewing U.S. policy toward a pipeline designed to carry Russian natural gas to Germany beneath the Baltic Sea, under new pressure after construction on the $11 Continue Reading
The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian television Continue Reading
Russia’s Gazprom saw its total gas sales dip by 8.1% in 2020 as the coronavirus pandemic hit demand — particularly in the second quarter — but strong growth in Q4 Continue Reading
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third quarter. Continue Reading
Russia’s gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a Gazprom Continue Reading
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in Continue Reading
A German environmentalist group said Feb. 9 the government should say whether its reported offer to the previous US administration to increase state support for LNG import infrastructure in return Continue Reading
The new U.S. Administration has signaled for the first time that it could be willing to discuss with Germany the lifting of the American sanctions on the Nord Stream 2 Continue Reading
Russia could turn to a national or contract jurisdiction court to protect its interests against interference against the completion of the Russia-led Nord Stream 2 gas pipeline project, Dmitry Medvedev, Continue Reading
Russia’s Gazprom said Feb. 1 its gas sales in Europe and Turkey rose to their highest ever level for the month of January, reaching 19.4 Bcm. Receive daily email alerts, Continue Reading
Saudi Arabia’s “brilliant move” to unilaterally reduce oil output additionally by 1 million b/d has been a great contribution to the stabilization of the global oil market, Kirill Dmitriev, the Continue Reading
Only 36 percent of Russia’s recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for Energy Policy magazine. Continue Reading
President Joe Biden believes the Nord Stream 2 natural gas pipeline is a “bad deal for Europe” and his administration will be reviewing restrictions on the project included in a Continue Reading
Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising, Continue Reading
The U.S. imposed on Tuesday sanctions on the Russian pipe-laying vessel that was expected to complete the construction of the gas pipeline Nord Stream 2, while several Western companies are Continue Reading
Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long Continue Reading
The US has imposed sanctions against Russia-based KVT-RUS — owner of the pipe laying vessel Fortuna — because of its role in the construction of the Nord Stream 2 gas Continue Reading
Russia’s imports of gasoline surged eight times in November compared to October, after the end of a four-month ban on refined oil product imports ended in October, according to data Continue Reading
Work will not resume laying the Nord Stream 2 gas pipeline in Danish waters on Jan. 15, with the vessel approved to carry out pipelaying not yet at the site Continue Reading
Russia’s top oil producer, state-controlled oil firm Rosneft, is in talks with some of the world’s largest oil trading houses, offering them to become investors in a major oil project Continue Reading
Russia will restart construction of its Nord Stream 2 gas pipeline to Germany this week in the face of US sanctions that have paused construction for more than a year. Kremlin-controlled Continue Reading
Transit of Kazakh oil via Russia has been disrupted due to power outages caused by cold weather, Russian pipeline operator Transneft said Jan. 11. Receive daily email alerts, subscriber notes Continue Reading
Russian refineries are expected to reduce throughput in January on poor economics and also fewer working days due to the New Year holidays, with more pronounced cuts anticipated at smaller Continue Reading
We have already written about one of the most paradoxical developments of the US-Russia energy relationship, namely that American refiners have become the number one buyer of Russia’s fuel oil Continue Reading
Russia’s crude oil and condensate output fell to a nine-year low in 2020 as the nation took part in historic OPEC+ production curbs. The Organization of Petroleum Exporting Countries and Continue Reading
Two things that seem futuristic: Bitcoin and energy efficiency. Two things that are diametrically opposed: Bitcoin and energy efficiency. Mining Bitcoin might not sound like a resource-intensive process, but in Continue Reading
*Output, shipments down on year due to OPEC+ quotas Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now *Daily average exports down 1.5% on month Continue Reading
Russian deputy prime minister Alexander Novak said Jan. 4 that export of Belarusian oil products via Russian may begin in 2021. Not registered? Receive daily email alerts, subscriber notes & Continue Reading
Toyo Engineering Corporation and Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corporation (JOGMEC), and Itochu Corporation are partnering on a joint feasibility study of a blue ammonia Continue Reading
Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have Continue Reading
Azerbaijan started commercial natural gas exports to Europe via the U.S.-backed Southern Gas Corridor, helping the region to diversify supplies away from Russia. Gas pumped from the BP Plc-led Shah Deniz deposit Continue Reading
Alongside the continued development of its huge West Karoun oil fields , the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations Continue Reading
Russia admits its death toll is three times higher More than 80% of the excess deaths in Russia this year are linked to the coronavirus pandemic, Deputy Prime Minister Tatiana Continue Reading
The number of passengers flying with Russian airlines in November fell 47.9% year-on-year to 4.67 million, the aviation authority said on Monday. Rosaviatsia added that passenger traffic had fallen 46.2% Continue Reading
Russian Deputy Foreign Minister Sergei Ryabkov has accused the incoming administration of President-elect Joe Biden of “Russophobia” and says he expects relations with the United States to go “from bad Continue Reading
Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russian federal Continue Reading
Pipe-laying for the Nord Stream-2 natural gas pipeline is set to restart in Danish waters, according to a local regulator, Reuters has reported . Construction of the pipeline on Danish Continue Reading
The developer of the Nord Stream 2 gas pipeline could resume pipelaying work in Danish waters as soon as Jan. 15, 2021, according to a notice to sea-farers published Dec. Continue Reading
Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency said on Monday, quoting Iranian Oil Minister Bijan Zanganeh. Continue Reading
Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend Continue Reading
President Vladimir Putin said Thursday that the Russian budget was becoming less dependent on oil and gas, key exports for one of the world’s dominant petro-economies. Putin told reporters during Continue Reading
