Saudi Arabia, Russia To Set Up $1 Billion Energy Fund
The fund between Russia and Saudi Arabia was part of efforts by two of the world's biggest oil producers to expand cooperation, Russian Energy Minister Alexander Novak said.
US Lawmakers Ask Facebook, Twitter For Information On Anti-fracking Ads
House Science and Technology Committee Chairman Lamar Smith, a Texas Republican and climate change denier, asked the CEOs of the technology companies to turn over documents by Oct. 10 that detail the involvement of Russian-based or funded entities detected on their platforms, information on ads they purchased and any communications concerning ads advocating for “so-called green initiatives.”
CEFC China's Ambitions Face Hurdles After $9.1 Billion Rosneft Deal
The company has billions of dollars in debt coming due in the months ahead. And the Rosneft deal—CEFC’s most high-profile to date—will aggravate its debt burden.
Russia's Gazprom, Mitsui Sign LNG Cooperation Agreement
Gazprom, Russia’s biggest natural gas producer, has signed a LNG cooperation agreement with Japanese trading firm Mitsui & Co.
Schlumberger's Russian Oil Services Deal Reportedly Held Up By US Sanctions
Houston-based Schlumberger applied to the watchdog for approval to buy the stake in late July in a deal widely seen as testing the state of relations between Russia and the U.S.
Gazprom Plans To Launch Yuzhno-Kirinskoye Gas Field In 2023
Russian energy giant Gazprom plans to launch the Yuzhno-Kirinskoye gas field offshore Russia's Sakhalin Island.
Gazprom Expects No Changes To Key Projects From New US Sanctions
Several provisions of the sanctions law signed by U.S. President Donald Trump earlier this month target Russia’s energy sector, which produces much of its foreign income, with new limits on U.S. investment in Russian companies.
Russia’s Tatneft Navigates Global Supply Curbs With Innovation, Cost Cuts
Yelkhovneft has also started drilling more smaller-scale wells, allowing it to halve drilling-related spending. It has begun to use lighter or fewer metal parts in equipment, cutting costs further, said Azat Khabibrakhmanov, head of the Tatneft unit.
ExxonMobil Sues US Over Fine Levied For Russia Deal Under Tillerson
ExxonMobil sued the U.S. government on July 20, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.
Schlumberger Agrees To Buy Stake In Russian Drilling Firm Eurasia
Schlumberger NV, the world’s largest oilfield services company, has agreed to buy a 51% stake in Russia’s biggest oilfield services firm Eurasia Drilling Co. (EDC), the Russian company said late on July 20.