The Russian company Grazprom reported Wednesday that its gas deliveries to China through the Force of Siberia gas pipeline exceeded its contractual commitments with that Asian nation by more than 5.0 percent, establishing a new high of supply. According to a statement from the largest gas company in the country …
Read More »Russian Oil Company Starts New Oil Drilling in Mexico
Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …
Read More »Russia and Pakistan to Build Pakistan Stream Gas Pipeline
Russian Energy Minister Nikolai Shulguinov and Pakistani Ambassador in Moscow Shafkat Ali Khan signed an agreement for the future construction of the Pakistan Stream gas pipeline on Friday. According to the energy portfolio, the parties penned a protocol of amendments to an intergovernmental agreement that provided for the construction of …
Read More »Russia Defends Nord Stream Gas Pipeline against US
The Russian gas supplied to Europe through the Nord Stream 2 gas pipeline has a carbon footprint four times lower than that delivered by US companies, Russian Deputy Prime Minister Alexander Novak said on Friday. According to several analytical and consulting agencies, the reason is determined because most of the …
Read More »Russia Expects Balance in Oil Demand in May and June
Russian Energy Minister Alexander Novak expressed hope on Wednesday about a balance in the demand for oil in May and June, although he said that there is no point in predicting future prices. Novak noted that in May or June, several nations are expected to lift the restrictions imposed by …
Read More »Norway and Russia will Invest in Oil and Gas Project in Siberia
Norwegian state oil company Equinor and Russia'.s Rosneft will invest in the first stage of the development of North Komsomolskoy.
Read More »Libya`s Oil Production Falls due to Pipeline Closure
The halt in production at Libya'.s largest field severely disrupts the country'.s energy supply.
Read More »Venezuela to Promote Fair Oil Prices in OPEC by 2019
Venezuela continues its call to promote in OPEC fair prices in 2019.
Read More »Erdogan. Putin Key Gas Partnership
Russian energy giant Gazprom is scheduled to begin construction in 2019 of the second section of the pipeline.
Read More »Egypt will Exploit New Gas Field from Next October
The new area comprises two deep-water wells. which belong to a concession of the U.S. oil company Shell.
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