Russia Cuts Oil Output By 100,000 Barrels Per Day In Early January
The cuts came amid a cold spell in Russia, and in its oil production heartland of Western Siberia in particular, Reuters reported.
Oil Loading From Russia's Novorossiisk Black Sea Port Resumes
Russian oil pipeline monopoly Transneft said it had resumed oil loadings from the Black Sea port of Novorossiisk on on the morning of Dec. 30, after a storm.
Gazprom Produces More Than 419 Billion Cubic Meters In 2016
Russia's Gazprom has produced over 419 billion cubic meters of natural gas in 2016, CEO Alexei Miller said in a statement on Dec. 29.
Rosneft Will Buy Targin Oil Services For US$67.4 Million
Rosneft said the number of drilling rigs will increase by 19% following the deal, Reuters reported.
Putin: New Pipeline Of Russian Gas Will Boost Crimea's Economy
Moscow is also building a road and rail bridge to the peninsula, and an electricity link was also completed, Reuters reported.
Halliburton Files With Russia’s FAS Regarding Potential Novomet Acquisition
No agreement has been reached to date, the press release said, and any potential transaction requires regulatory approvals and other conditions including definitive documentation.
Vadim Vorobyov Becomes Lukoil's New Sales, Supplies Vice President
Market players are concerned that the change of a top manager in charge of oil supplies might result in Lukoil supplying less oil to the domestic market, Reuters reported.
Russian Oil Producers Agree To Framework For Output Cut
Russia as well as other non-OPEC and OPEC producers have agreed to slash output by almost 1.8 million barrels per day to fight global oversupply.
Gazprom, OMV Reach Outline Deal On Assets Swap
Russian energy company Gazprom and Austrian oil and gas group OMV reached an outline deal on Dec. 14 to swap a 38.5% stake in OMV’s Norwegian unit for a 25% stake in a section of Gazprom’s Urengoy gas field.
Russia Signs Rosneft Deal With Qatar, Glencore
Rosneft had been under pressure to secure a sale of the 19.5% stake to help replenish state coffers, hit by an economic slowdown driven by weak oil prices and exacerbated by sanctions.