Around 160 km (100 miles) of the gas pipeline, which will supply Russian gas to Germany and other European countries, remains to be laid, the consortium behind the project said earlier on Dec. 23.
Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.
OPEC and other leading oil producers may consider easing oil output restrictions at their meeting in March, Russian Energy Minister Alexander Novak said in an interview aired on Dec. 23.
Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Dec. 20.
Measure, expected to be signed by Trump, would sanction companies involved in pipeline-laying.
Committee vote on sanctions ‘from hell’ bill regarding election interference was delayed.
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Dec. 2 oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties between Moscow and Beijing.
Kazakhstan's Kashagan oilfield will resume oil production of 400,000 barrels per day by mid-December, the Interfax news agency cited Kazakhstan's energy ministry as saying on Nov. 29.
Russian oil companies proposed on Nov. 28 not to change their output quotas as part of a global deal until the end of March, when the current agreement expires, putting pressure on OPEC+ to avoid any major shift in policy when the group meets next week.
Kazakhstan has told Russia it wants to join plans to boost gas exports to China, proposing that a new pipeline being drawn up by Moscow is connected to the Central Asia nation, Kazakh Prime Minister Askar Mamin said on Nov. 25.