Keppel Will Enter JV For Offshore Russia Oil, Gas Operations
Keppel O&M and Rosneft will have shares of 45% each in the JV, while MHWirth will hold 10% while adhering to existing U.S. and EU sanctions imposed on Russia’s offshore sector, Reuters reported.
Report: US Concerned Nord Stream Gas Pipeline Is Security Threat
Nord Stream-2 consortium, including Gazprom, E.ON and others, says project is purely commercial and that Russian pipeline gas is cheaper than LNG, which the U.S., for instance, can supply, Reuters reported.
Rosneft Delivers First LNG Cargo To Egypt
Rosneft does not produce LNG itself, and the delivery was the first ever in its trading activity. Rosneft said cargo was bought off from the global spot market, Reuters reported.
Total, Russian Banks Enter Final Stage Of $4 Billion Yamal LNG Deal
Patrick de La Chevardiere said that due to sanctions, American dollars will not finance the Yamal LNG project, but that the project’s figures were in dollar equivalent, Reuters reported.
Russia's Volga Gas Announces CFO Transition
Vadim Son will become CFO of Volga Gas Plc, the company working in Russia’s Volga region said April 13. Effective that day, Tony Alves resigned as CFO.
Gazprom, OMV Form Scientific, Technical Partnership
According to a news release, the companies signed a document that outlines the main areas of scientific and technical collaboration, including gas production, transportation, processing, underground storage and sales, process safety, information security, energy efficiency and environmental protection. The companies will also partner in R&D management.
Russia Seeks Proposals On Sales Of Stakes In Bashneft
Sources said that proposals refer to selling 50.08 percent in Bashneft, 10.9 percent in Alrosa and 10.9 percent in VTB.
Defying Odds: Russia Grows Production Post-Sanctions
Despite the downturn and sanctions, Russia has grown production but there are signs of fragility in the energy sector, panelists say.
Rosneft Will Invest Another $500 Million In Venezuela Energy Project
Rosneft plans to raise its stake in the Petromonagas joint venture from 16.7% to 40%.
Russia: Saudi Arabia Proposes Oil Cuts
Russian Energy Minister Alexander Novak said on Jan. 28 that Saudi Arabia had proposed that oil-producing countries cut oil production by up to 5 percent each in order to support weak oil prices.