Gazprom Cancels Major Tender For Nord Stream II Expansion
Gazprom has now cancelled tenders for the construction of the Ukhta-Torzhok 2 pipeline worth a total of around 16.8 billion roubles (US$220.2 million), Reuters said.
Report: Russian Oil Production Hit Post-Soviet Record High In 2015
According to a Reuters poll, Russian oil production in 2016 should rise to new post-Soviet yearly average high of 10.78MMbbl/d, as new fields come online and production costs stay lower.
Lukoil's Oil Output Rose 3.5% In 2015
It rose by 3.5% from a year-ago period thanks to higher output at its West Qurna-2 oilfield in Iraq, as well as in Timan-Pechora, Perm and Caspian regions in Russia.
Gazprom Cancels Tender For Construction On Gas Line To China
In a separate tender, Gazprom awarded Stroygazmontazh, owned by Arkady Rotenberg, an ally of Russian President Vladimir Putin, contracts worth almost $3 billion for work on the pipeline, Reuters said.
Report: Gunvor Sells Stake In Novorossiisk Fuel Oil Terminal
Financial details of the deal have not been disclosed, but Gunvor and Novorossiisk Commercial Sea Port each have 50% stakes in the Novorossiisk fuel oil terminal, Reuters said.
ConocoPhillips Reportedly Sells Stake In Rosneft JV, Exits Russia
The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.
Russia Looted Two Crimean Oil Rigs, Ukraine Says
Chornomornaftogaz said it had moved the two rigs, worth 25 billion rubles (US$357 million), into Russian territorial waters, Reuters reported. Russia annexed Crimea from Ukraine last year.
JKX Restores Production At Koshekhablskoye Well In Russia
The well is currently producing at a rate of 16.3 MMcf/d through a 27/64-in. choke, with a flowing wellhead pressure of 3,370 psi, JKX Oil & Gas said in a news release.
Rosneft, BP Complete Taas-Yuryakh Neftegazodobycha Deal
Rosneft has completed its deal to sell a 20% share of Taas-Yuryakh Neftegazodobycha LLC to BP, according to a news release.
Russia's Gazprom Will Consider Divesting UK-Belgium Pipeline Stake
The board will consider termination of participation in Interconnector on Nov. 30, Gazprom said in a regulatory disclosure. It is unclear whether Gazprom will sell the 10% stake, Reuters reported.