Iran, Russia Sign Deal To Develop Two Oil Fields
Iran and Russia signed a deal on March 14 to develop two oil fields in Iran, according to Iranian state TV.
ExxonMobil Quits Some Russian Joint Ventures Citing Sanctions
ExxonMobil’s exit from projects will not affect the Sakhalin project off the eastern coast of Russia, ExxonMobil and Rosneft spokesmen said.
Russian Energy Minister: Global Oil Inventories Shrinking Despite US Output Jump
"We are looking at the situation as a whole [and] see that the stockpiles have been shrinking anyway," Russia's Alexander Novack said adding that the U.S. shale oil increase doesn't cover both the demand rise and production decrease.
Russian Oil Output Flat As Rosneft, Lukoil Declines Offset By PSAs
Russian oil output stood at 10.95 million barrels per day (MMbbl/d) in January, virtually unchanged from December, as increases at foreign-led projects outweighed falls at Rosneft and Lukoil, data showed on Feb. 2.
US Hits Russian Deputy Minister, Energy Firms With Sanctions
The U.S. sanctions list also now includes Sergey Topor-Gilka, head of the Russian engineering company Technopromexport, as well as multiple subsidiaries of oil producer Surgutneftegaz.
Rick Perry To Russia, Saudi Arabia: US Shale Won't Be Oil Market 'Spoiler'
U.S. Energy Secretary Rick Perry was speaking at a rare joint panel with Russian and Saudi energy ministers, Alexander Novak and Khalid al-Falih, at the World Economic Forum in Davos.
Russian Oil Pipeline Leading To Black Sea Catches Fire
Transneft says it has stopped pumping oil through the line.
Russia Suspends Gas Supply From Sakhalin-1 Project
The supply of gas from Russia’s Sakhalin-1 project to a pipeline in the country’s Far East has been suspended due to a problem at a compressor station, the Russian Energy Ministry said on Jan. 18.
Gazprom Neft Drills Russia's First Ever Quadruple Multilateral Well
Gazprom Neft said on Jan. 9 that its affiliate, Gazpromneft-Yamal, completed the construction of Russia’s first ever multilateral well with four horizontal cased-hole sidetracks, at its Novoportovskoye Field.
Rosneft Decides Against Bid For Alrosa’s Gas Assets For Now
Rosneft had misgivings about the resources of the deposits, a Rosneft spokesman said. The company also did not agree with the sales terms.