Russia Will Put Its Last Large West Siberia Oil Field Up For Sale
Denis Khramov, the first deputy minister, said the Erginskoye oil field could be auctioned in the first or second quarter of 2016, adding he expected the sale to draw high interest from producing companies.
Russian State Agency Says Ready To Sell Off Rosneft Stake
The government has recently recommended the agency speed up large asset sales irrespective of market conditions, she added.
EU Regulators Will Develop LNG, Gas Storage Strategy
Draft copy, seen by Reuters, says European Commission will announce a strategy in 2016 for LNG and gas storage to ensure the EU can benefit fully from its diversification potential.
India’s IOC Eyes Stake In Russia’s Vankor Field
India imports about 80 percent of its crude needs and has mandated its oil firms to acquire oil and gas assets overseas in a bid to cut an oil import bill running in billions of dollars.
Russia's Strategic Mistake In Syria
Despite thousands of U.S. air sorties and about 3,500 U.S. military advisors providing similar support, Iraqi ground forces have lost control of major cities just an hour’s drive outside the capital.
Gazprom Chooses Linde As Partner For Gas Processing Plant
Gazprom has said it is considering building an LPG terminal as part of a project to build a gas processing plant in the Amur region, Reuters reported.
Report: Sudan Applies For OPEC Membership
"We have already applied and are waiting for a decision," said Mohamed Zayed Awad, Sudan’s oil and gas minister, according to Russia’s RIA news agency, Reuters reported.
Switzerland's Ineos Buys North Sea Gas Fields From Russia's Fridman
DEA Group and LetterOne didn’t give financial details, but a LetterOne spokesman confirmed the sale. In April, Britain's Energy Ministry gave Fridman six months to dispose of fields, Reuters said.
Eurasia Drilling Ponders Merger Offer, Appoints Directors
In response to the offer, the board formed a special committee comprised of the Lord Clanwilliam, who serves as chairman; Dr. Alexander Shokhin and Dr. Igor Belikov to negotiate on behalf of the board with assistance from advisers. The offer comes after a proposed merger with Schlumberger collapsed.
Foreign Projects Push Russia’s Oil Output To Post-Soviet High
Output rose from 10.68 MMbbl/d in August and eclipsed the previous record of 10.71 MMbbl/d reached earlier this year, adding to a global glut that has battered oil prices.