Delayed Privatization Of Russia's Bashneft Affects Rosneft Stake Sale
There is a risk it might not happen, given that anxiety about relinquishing state control over strategic assets--and the interests of oligarchs--often win over prudent fiscal measures in Russia, Reuters reported.
Explosion At A Rosneft Field In Siberia Kills 1, Injures 6
One person was killed and six injured on July 27 in a gas explosion at the Verkhnechonsk Field in eastern Siberia operated by Russia's largest oil producer Rosneft, the company said.
Russia's Novatek Enters LNG Spot Market With First Shipment To Chile
The shipments were made by Novatek Gas & Power, a subsidiary 100% owned by Novatek, Reuters reported.
Gazprom Prepares Cold Reception for US LNG
U.S. exporters led by Cheniere are expected to have 83 billion cubic meters of gas ready for sale by 2019. That's about 20% of Europe's current annual gas needs, Reuters reported.
BP, Rosneft Create JV To Develop Russian Resources
In a news release, the companies said they have signed agreements to create a joint venture, called Yermak Neftegaz, to explore in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
Kremlin Investor Show Attracts Top Oil Players, But Few Deals
The deal flow appeared even smaller than it was in 2015, as oil companies around the world cut capital investments for the second straight year following a steep fall in oil prices, Reuters said.
Russia Cuts Oil Exports To Belarus Amid Gas Dispute
Industry sources said that Russia has increased plans for exports to other European destinations via the Druzhba Pipeline, but could quickly divert flows to Belarus if the gas issue is resolved, Reuters reported.
Gazprom Pays US$354.6 Million For Two Arctic Fields' Development Licenses
According to Natural Resources Ministry data, the Layavozhskoye Field contains 9.8 million tonnes of oil and 140.1 billion cubic meters (Bcm) of natural gas reserves.
Rosneft, Statoil Start Exploration Drilling In Sea Of Okhotsk
Rosneft and Statoil have launched exploration drilling in the Sea Of Okhotsk in Russia’s Far East, Rosneft quoted its Chief Executive Igor Sechin as saying June 2.
Russia’s Arctic Projects Powering Cold Front
Despite much of the upstream industry’s Arctic ambitions being in deep freeze, Russia has been quietly operating its handful of producing projects with little fuss.