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Category: Russia

What Will Happen to Russian Oil, Gas Projects on Shelf

Falling oil prices below $ 30, contrary to many idle talks, has not canceled Russia’s offshore oil and gas projects, both current and prospective. But…

Gazprom expects to export 166.6 bln cubic meters of gas to Europe in 2020

Gazprom is preparing its budget for this year on the basis of expectations of 166.6 bln cubic meters of gas to be exported to Europe…

LUKOIL commissions digital substation in Perm Region

LUKOIL commissioned its first digital power substation at Chashkinskoye field in Perm Region. The new facility distributes and delivers electric power from a gas turbine…

Russian companies to supply oil to Belarus without premiums

Russian companies will supply oil to Belarus without premiums, BelTA learned from Prime Minister of Belarus Sergei Rumas on 24 March. Sergei Rumas said: “Since…

Gazprom Neft almost halves production costs of Bazhenov oil

The Bazhenov Technology Centre (a Gazprom Neft subsidiary) has cut the costs of producing oil at the Bazhenov Formation, from RUB30,000 to RUB16,000 per tonne. A…

Gazprom halts Power of Siberia gas pipeline for maintenance until april 1

The Power of Siberia gas pipeline that supplies gas to Russia’s Far East and China has been halted for scheduled maintenance until April 1, Gazprom press…

LUKOIL and rosavtodor sign road service agreement

Deputy Head of the RF Federal Road Agency (Rosavtodor) Igor Kostyuchenko and Vice President of LUKOIL for Petroleum Products Sales Maxim Donde signed a cooperation…

Rosneft joins ‘methane guiding principles’ round table

Eric Liron, Rosneft’s Vice President for In-House Services, joined the annual round-table meeting of members of the international initiative the Methane Guiding Principles. The meeting of…

Tanker with Russian oil for Belarus arrives in Klaipeda

The first tanker with Russian oil purchased by Belarus from traders has arrived in the port of Klaipeda, Lithuania, press secretary of Belneftekhim holding Alexander…

LUKOIL presents its global oil market forecast in Europe

​LUKOIL unveiled its long-term forecast for the world’s liquid hydrocarbons market in Brussels, Belgium. The forecast addresses challenges of the energy transition and analyzes how structural…

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