Russia’s gas giant Gazprom aims to further increase its 35-percent market share in Europe, amid higher natural gas demand and expected lower production at key western European natural gas producers, Continue Reading
Saudi Arabia and its Persian Gulf allies are backing a formal partnership with a 10-nation group led by Russia to try to manage the global oil market, according to OPEC Continue Reading
Russia’s anti-monopoly service (FAS) said on Wednesday that various forms of cooperation were still possible with oilfield services giant Schlumberger despite the company’s bid for Eurasia Drilling Company falling apart. Continue Reading
U.S. oilfield services giant Schlumberger said on Tuesday it will continue looking for alternative ways to work in Russia’s onshore drilling market despite its bid for Eurasia Drilling Company (EDC) Continue Reading
Russian oil production has not yet reached its peak and expectations that it could decline in the next few years are not justified, Alexei Sazanov, head of the finance ministry’s Continue Reading
Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, Continue Reading
Russia, which stands by Nicolas Maduro in the ongoing Venezuelan political crisis, will use “all available legal mechanisms” to defend its interests in the Latin American country, in which Russian Continue Reading
Gazprom has not been able to obtain a loan from the China Development Bank for part of the US$14 billion financing the Russian gas giant aims to raise for the Continue Reading
Gazprom is in discussions with banks as it looks to attract in 2020 project financing of US$14 billion for the construction of its Amur gas processing plant, which will be Continue Reading
Russia came in as China’s largest crude oil supplier in December, cementing the top spot for all of 2018 for the third year in a row ahead of rival Saudi Continue Reading
