Gazprom Has Built 15 Exploratory, Development Wells In Bangladesh Since 2013
Gazprom's interests in Bangladesh are represented by Gazprom International, a specialized company aimed at implementing oil and gas projects outside Russia.
EU Seeks Negotiation With Russia On Nord Stream Gas Pipeline
In a March 28 letter addressed to Denmark and Sweden, the commission said it was inviting all EU states to voice their concerns and would seek a mandate from EU energy ministers to negotiate an agreement with Moscow on behalf of the bloc, Reuters reported.
Russian Private Oil Companies Support Output Cuts
Russian state oil companies Rosneft and Gazprom Neft, along with private company Lukoil, account for the bulk of Russia's cuts, Reuters reported.
OMV Buys Stake In Russian Gas Field For $1.85 Billion
OMV said the deal would reduce the group’s production costs, adding it would be entitled to the field’s dividends starting 2017, with annual payments of about $200 million expected in the mid-term.
Russian Oil Production Cuts Stall In February
The country’s oil and gas condensate output remained at 11.11 million barrels per day (MMbbl/d) last month, down 100 Mbbl/d from levels agreed as the starting point for the accord.
Russia Could Speed Oil Output Cuts If Domestic Companies Keep Up
Russian Energy Minister Alexander Novak confirmed earlier reports that OPEC and non-OPEC combined production cuts for January stood at 86% of initial targets, described by the International Energy Agency as "one of the deepest" in history, Reuters said.
Gazprom Adds Two Wells To Prirazlomnoye Arctic Oil Project
Russia's Gazprom Neft, the oil arm of gas giant Gazprom, said on Jan. 20 it has launched two more production wells at the Prirazlomnoye offshore Arctic oil field.
Rosneft, Glencore Send Oil To Hungary, Slovakia
Trading sources told Reuters that Rosneft will supply 80,000 tonnes of oil via the route to each of the countries in January, while supplies will total 500,000 tonnes in January to March.
Russia Opens New Domestic Gas, Oil Pipelines
The Bovanenkovo-Ukhta 2 gas pipeline, which has the capacity to pump 263 million cubic meters per day, will feed supplies into export routes to northern Europe, Reuters said.
Russia Will Export 4 Million Tonnes Of Oil To Belarus In First-Quarter 2017
Russian oil exports to neighboring Belarus are expected to be 4 million tonnes in the first quarter of 2017, officials at Russia's pipeline monopoly Transneft said on Jan. 13, Reuters reported.