Russia’s Comeback In The LNG Race
In a little more than a month’s time, Russia will formalize its claim for a bigger role in the ever-expanding global LNG market. Early October, when the Yamal LNG will Continue Reading
Gazprom says sanctions won’t stop Nord Stream 2 pipeline project
The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Continue Reading
Russia’s economy tripped up, but recovering
The Russian economy contracted last month because of pressure in some of the non-oil sectors, a report from the Economic Development Ministry found. The ministry reported growth in gross domestic Continue Reading
Russia And Saudi Arabia Plan To Extend Outputs Cuts Through June
Oil producers in Russia and Saudi Arabia are pushing to extend the Organization of Petroleum Exporting Countries’ (OPEC) production cuts until June of next year, according to a new report Continue Reading
Shell Plans To Double Gas Stations In Russia
Royal Dutch Shell plans to double the number of its retail gas stations in Russia from the current 227, Sergey Starodubtsev, the chief executive of Shell’s Russian unit, said on Continue Reading
Russia remains China’s top oil supplier for fifth month in a row in July
Russia held its spot as China’s top crude oil supplier for a fifth month in a row in July, with shipments up 54 percent over a year earlier, data showed Continue Reading
India Essar closes sale of refining arm to Rosneft led consortium
India’s Essar Group on Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between Continue Reading
Gazprom’s gas exports inch higher
Russia natural gas company Gazprom said it’s scaling up its deliveries to consumers that would be fed eventually by a pipeline through Turkey. The company said its natural gas shipments Continue Reading
Russia Claims To Have Invented Alternative To Fracking
Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil Continue Reading
Russian company Lukoil reports slight dip in oil production
Russian energy company Lukoil said total oil production for the second quarter was slightly lower, in part because of a reduction from operations in Iraq. One of Russia’s largest energy Continue Reading