Russian Oil Production Continues Growth Trend
Stratas Advisors forecasts that East Siberia will ultimately replace West Siberia as the country’s most productive region.
Lukoil Produces One Million Tonnes Of Oil At Yarega Field In 2017
Moscow-based oil company Lukoil reached one million tonnes of oil produced at the Yarega Field since the beginning of 2017, the company said on Dec. 26.
Transneft Says Its Computers Were Used For Mining Cryptocurrency
Russian pipeline company sets up system to prevent mining of Monero, a Bitcoin rival.
Novatek Acquires Chernichnoye Hydrocarbon Field
Novatek has reached an agreement to acquire the Chernichnoye Field from oil company Mangazeya JSC, the company said on Dec. 11.
Russia's Novak: Talk Of Exiting OPEC Oil Cut Deal Is Premature
Russian Energy Minister Alexander Novak said the process of exiting the OPEC deal depends on how the global oil market recovers and on the scale of oil demand.
Oil Pares Gains After Report On Former Trump Adviser Michael Flynn In Russia Probe
Michael Flynn, a central figure in a federal investigation into Moscow's alleged interference in the 2016 U.S. presidential election, pleaded guilty on Dec. 1 to lying to the FBI.
Russia Hits EU Regulatory Moves On Nord Stream-2
Prime minister hints that Europeans want to force Russia to abandon pipeline project.
Azerbaijan Ratifies New Oil Deal With BP-led Consortium
BP and Azerbaijan agreed in September to extend to 2050 the contract to develop the country’s biggest oil fields, Azeri-Chirag-Guneshli (ACG), a deal dubbed “the contract of the century” when first signed in 1994 until 2024.
Iraq Wants To Bring Back BP After Regaining Control Of Kirkuk Oil
Iraq said on Oct. 18 it wanted to bring back BP Plc (NYSE: BP) to help develop Kirkuk oil fields.
Russia’s Gazprom Neft Eyes Cooperation With Saudi Aramco In Hard-To-Recover Oil
Russia’s Gazprom Neft will work with the world’s largest oil producer Saudi Aramco in hard-to-recover oil production and on a technology known as hydraulic fracturing, Gazprom Neft CEO Alexander Dyukov said on Oct. 18.