DEA, Partners Will Invest In Dvalin Gas Field Development
Austria's OMV currently has a 20% stake in the license but has entered into a deal to sell its stake to Norway's state-owned Petoro, Reuters reported.
Gazprom Discovers New Gas Deposit In Sea Of Okhotsk
In 2015, the U.S. restricted exports, reexports and transfers of technology and equipment to the Yuzhno-Kirinskoye Field, which is part of the wider Kirinskoye deposit, Reuters reported.
Russia's Novatek Plans To Begin Production At Yamal LNG In 2017
After Yamal, Novatek is also considering a second project, Arctic LNG-2. Feasibility work could be completedwithin the next 12 to 18 months, Reuters reported.
Russia Will Further Cut Oil Supplies To Minsk In 4Q 2016
Third-quarter crude exports to Belarus were cut by 2.25 million tonnes compared to the second quarter, Reuters said.
GazpromNeft Will Start Up Messoyakha Oil Field Within Weeks
At Messoyakha, GazpromNeft is also using a network of complicated horizontal wells with a structure that resembles fish bones, Reuters reported.
Russia Will Stop Exporting Oil Products From Foreign Baltic Sea Ports By 2018
The port of Vysotsk in the Leningrad region, which belongs to Russia's second-largest oil producer is also likely to benefit.
Russia's Recent Average Oil Output Approached 11 Million Barrels Per Day
Reuters reported that the increased output in September might not be sustained throughout the month.
Saudi Arabia, Russia Try To Bake Oil Magic Pudding
Big exporters want an oil price that keeps the most marginal production out of the market, but high enough to relieve the stress on their fiscal positions.
Saudi Arabia, Russia Try To Bake Oil Magic Pudding
Big exporters want an oil price that keeps the most marginal production out of the market, but high enough to relieve the stress on their fiscal positions.
Report: Gazprom Invites China's CNOOC To Join Offshore Oil Exploration
Russia's Gazprom invited China's CNOOC Ltd. to take part in oil exploration offshore Russia, Interfax news agency quoted Gazprom's CEO as saying on Sept. 6, Reuters reported.