Russia still wants a new pipeline route to export gas to southern Europe despite the cancellation of the South Stream gas project, President Vladimir Putin said on Friday. Putin said Continue Reading
The return of Iranian oil to the international market is hurting Russia’s main crude grade, forcing it to trade at the biggest discount in two years. The discount of Russia’s Continue Reading
Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday. Novak said that Shell Continue Reading
Lukoil is ready to re-enter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts, or IPCs, likely to Continue Reading
Russian Energy Minister Alexander Novak said on Thursday he discussed plans for a possible oil production freeze with his Venezuelan counterpart Eulogio del Pino on the sidelines of the St Continue Reading
Russia’s Gazprom has won licenses for rights to develop two large oil and gas fields in the Arctic, beating rivals Rosneft and Lukoil, an official at oilfield licenses regulator Rosnedra Continue Reading
In terms of total dollar market value, Russian oil company Rosneft said it’s well ahead of its other counterparts in the nation’s energy sector. Rosneft President Igor Sechin , a Continue Reading
Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a liquefied natural gas project Continue Reading
Italy is now the second biggest buyer of Russian gas in Europe — overtaking Turkey — the head of Gazprom said Wednesday. CEO Alexei Miller said Italian demand for Russian Continue Reading
Igor Sechin, head of Russia’s largest oil producer Rosneft and the country’s most influential energy executive, said in an interview that he expects the fight for global energy market share Continue Reading
