Tag Archives: Russia

Scientists of the Rosneft United Research and Development Centre have developed a laboratory unit designed to convert methane to synthetic liquid hydrocarbons. The unit has successfully completed a synthetic oil production run, and the Company’s technology for obtaining synthetic oil from associated petroleum gas has undergone a series of expert …

Lukoil PJSC is seeking to develop new oilfield projects in Iraq even as slumping crude prices and OPEC+ supply cuts have compelled the company to slash production in the country. Russia’s second-biggest oil producer pumped 400,000 barrels a day last year at its West Qurna 2 project in southern Iraq, …

China appetite for Russian gas is surging, with daily supplies from the Power of Siberia pipeline exceeding its contractual volumes by 20%, Kallanish Energy reports. Russian gas giant Gazprom said in a note on Monday that it continues increasing its gas supplies to China via the pipeline, with volumes from …

Russia and Saudi Arabia are at an important part of oil talks and recent flurry of phone calls between the leaders of the energy-rich countries are aiming at stabilizing the oil markets, the Kremlin said on Monday. Russian President Vladimir Putin and Saudi Arabia Crown Prince Mohammed bin Salman held …

In mid-September, Kremlin spokesman Dmitry Peskov warned against politicising the Nord Stream 2 gas pipeline project, which he said is profitable for both Russia and the EU. The statement came amid Berlin’s threats to freeze the project due to Moscow’s alleged role in the purported poisoning of Russian opposition figure …

Russia and Saudi Arabia held a second, and unusual, phone call this week to discuss the OPEC+ agreement after officials from the group warned on Friday of the potential for a weaker oil market in 2021. President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman spoke Saturday in …

Russian Energy Minister Alexander Novak said on Wednesday he had invited other BRICS countries – Brazil, India, China and South Africa – to take part in joint oil and gas projects in the Arctic. In a speech at a meeting of energy ministers from the group of major emerging economies, …

Germany has become the largest consumer of Russian gas in Europe after it increased exports of the blue fuel more than twofold in one month, fresh data from Russian customs shows. Russia pumped over 3.2 billion cubic meters of gas to its largest European trade partner in August, TASS reported, …

A new gas deposit was discovered at the Leningradskoye field of the Yamal gas production centre, Russian gas monopoly Gazprom has said. As a result of drilling and testing of an exploratory well, commercial gas inflow was obtained with a flow rate of about 600,000 cubic metres per day, Gazprom …

Russian gas giant Gazprom expects excess supplies in Europe’s natural gas market to continue in 2021, the head of the company’s exporting arm said on Monday, blaming exports of liquefied natural gas (LNG) from the United States. Gazprom has seen its share of the European gas market, where it makes …