Russian Oil Production Down From Post-Soviet High In November
Russian oil output stood at 11.37 million barrels per day (MMbbl/d) in November, down from the post-Soviet record high of 11.41 million bpd that it reached in October, Energy Ministry data showed on Dec.2.
Germany Sticks To Nord Stream 2 Pipeline Despite Ukraine Crisis
Germany is still committed to the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, despite escalating tension in the region, a government spokesman in Berlin said on Nov. 28.
Gazprom Neft’s Thirst For Oil Shows Russian Dilemma On OPEC Pact
Gazprom Neft Orenburg has tripled its oil production in the past five years and plans to produce 2.7 million tonnes in 2018—a level close to that of its Prirazlomnoye oil field in the Arctic Barents Sea, the only such project in Russia.
US Targets Iranian-Russian Network Over Syrian Oil Shipments
U.S. officials said Russia facilitated the delivery of oil from Iran to Syria, and that a variety of mechanisms were used in an attempt to conceal the shipments and oil-related payments.
Saudi Aramco In Talks With Russia's Novatek On Large LNG Project
Saudi Aramco Chief Executive Amin Nasser is negotiating with Russia's Novatek to invest in a large LNG project, he was reported as saying by Al Arabiya TV on Oct. 23.
Germany To US: Stay Out Of European Energy Policy
Russia will remain a key supplier, diplomat says, despite U.S. pressure on Nord Stream 2 natural gas pipeline.
Novatek Discovers New Gas Field At Ob Bay
Novatek said the field has estimated reserves of more than 320 billion cubic meters (Bcm) of natural gas under Russian reserve classification, and its total resources at the drilled well area are estimated at more than 900 Bcm of natural gas.
Oil Prices Hover Near Four-Year Highs As Saudi, Russia Agree To Supply Rise
Russia and Saudi Arabia struck a private deal in September to raise oil output, Reuters reported on Oct. 3, before consulting with other producers including the rest of OPEC.
Global Energy Bosses: World Needs Russian Gas
Global energy bosses assembled in Moscow on Oct. 3 said the world needed Russian gas to keep the lights on, in a clear message to U.S. President Donald Trump who has warned he may impose sanctions on Russian gas export projects.
OMV To Buy Siberian Assets From Gazprom Instead Of Swapping Them
Austrian energy group OMV on Oct. 3 said it has agreed to buy Siberian gas assets from Gazprom instead of swapping them for some of its own assets, giving in to opposition from Norway to the initial plans.