Post Tagged with: "russia"

China Becomes World’s Biggest Natural Gas Importer

China Becomes World’s Biggest Natural Gas Importer

But when Power of Siberia pipeline begins, LNG imports may take a back seat to Russian pipeline gas 

From Maritime Executive

China has outpaced Japan to become the world’s largest importer of natural gas, a welcome sign for the developers …

June 25, 2018 - 4:03 pm China, Closing Bell Story‎, LNG, Natural Gas News
Present Day Middle Eastern Game of Thrones – Part Two

Present Day Middle Eastern Game of Thrones – Part Two

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are …

Present Day Middle Eastern Game of Thrones – Part One

Present Day Middle Eastern Game of Thrones – Part One

“The Middle East shapes energy politics, energy crises, and it has a huge impact on geopolitics” – Helen El Mallakh

Ahead of the upcoming 174th OPEC meeting in Vienna, Austria, (scheduled for Friday, June 22, and immediately followed by …

Russia, Saudi Push for Hike in Oil Output Ahead of OPEC Meeting

Russia, Saudi Push for Hike in Oil Output Ahead of OPEC Meeting

From Reuters

Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group …

Venezuela Eyes First-Ever Refining of Foreign Oil

Venezuela Eyes First-Ever Refining of Foreign Oil

From Reuters

Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves.

State-run oil company …

June 14, 2018 - 2:41 pm Closing Bell Story‎, Energy News, International
United States, Saudi Arabia and Russia Find Agreement on Oil Policy

United States, Saudi Arabia and Russia Find Agreement on Oil Policy

From the New York Times

HOUSTON — It is unusual for the United States, Saudi Arabia and Russia to see eye-to-eye, much less try to achieve common energy policy goals, even indirectly.

But that is what seems to be happening, …

June 14, 2018 - 8:15 am Closing Bell Story‎, Energy News, OPEC
Rosneft and Kurdistan Deals Halted by Iraqi Government

Rosneft and Kurdistan Deals Halted by Iraqi Government

From Kurdistan 24

Authorities in Iraq have not yet resolved a dispute regarding agreements signed by Russian energy giants Rosneft and the Kurdistan Regional Government (KRG) for assets in the region, Iraqi Ambassador to Russia Haidar Mansour Hadi said earlier …

June 1, 2018 - 2:50 pm Closing Bell Story‎, Energy News
Россия. Санкт-Петербург. 17 июня 2015. На территории выставочного комплекса Ленэкспо во время подготовки к Петербургскому международному экономическому форуму 2015. Евгений Курсков/ТАСС|A view of the Lenexpo Exhibition Complex ahead of the 19th St. Petersburg International Economic Forum in St. Petersburg, Russia, June 17, 2015. Yevgeny Kurskov/TASS

Russia Plans to Outproduce U.S. and Australia in Global LNG Markets

From Reuters

Russia plans to raise its annual production of seaborne liquefied natural gas (LNG) to as much as 120 million tonnes by 2035 and take market share from Australia and the United States by capitalizing on low costs, a …

June 1, 2018 - 1:38 pm Closing Bell Story‎, Energy News
How the U.S. Will Handle the OPEC-Russia Spigot

How the U.S. Will Handle the OPEC-Russia Spigot

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered …

Oil Prices Recover After a Million-Barrel Comment Spooked Oil Markets Friday

Oil Prices Recover After a Million-Barrel Comment Spooked Oil Markets Friday

OPEC and Russia looking hard at ending cuts, but maybe not till after end of the year

Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude …

To prevent $100 Oil Spike over Iran Sanctions, Saudi Arabia and Russia Might Have To Step In

To prevent $100 Oil Spike over Iran Sanctions, Saudi Arabia and Russia Might Have To Step In

From CNBC

Oil prices are continuing to hover around 2014 highs, with market watchers waiting to see what happens when U.S. sanctions are re-imposed on Iran.

It remains to be seen whether major oil producers like Saudi Arabia and Russia …

May 16, 2018 - 10:41 am Closing Bell Story‎, Commodity Pricing, Energy News, OPEC
We Can Ramp Production Back Up to Pre-Cut Levels in 60 Days: Rosneft

We Can Ramp Production Back Up to Pre-Cut Levels in 60 Days: Rosneft

Russian giant Rosneft Oil Company (ticker: ROSN) reported a Q1 2018 net income of USD$1.5 billion (RUB$81 billion) with a spending budget of $3.9 billion (RUB$223 billion).

More multistage fracs, horizontal wells

The company produced 5.71 MMBOE in Q1 2018. …

Putin Vows to Boost Russian Economy as He Begins Term No. 4

Putin Vows to Boost Russian Economy as He Begins Term No. 4

From the Associated Press/Sacramento Bee

MOSCOW – Vladimir Putin launched his fourth term as president with an ambitious call to vault Russia into the top five global economies by developing its technological products and agricultural exports.

Putin, who has sought …

May 9, 2018 - 6:39 am Closing Bell Story‎, Energy News
Source: Novatek

Russian Agency Says Country Doubled LNG Exports, Revenues Grew Threefold in Jan., Feb. 2018

From Russia Today

Exports of liquefied natural gas (LNG) from Russia doubled to five million cubic meters in the first two months of the current year compared to the same period in 2017, the Federal Customs Service reports.

Revenues from …

April 10, 2018 - 2:23 pm Closing Bell Story‎, Energy News, LNG
In the past as much as 80% of natural gas for Europe passed through Ukraine.

Russia’s Gazprom Asked Court to Halt Ukraine Gas Contracts, Could Disrupt NatGas Shipments to Europe

From CNBC/Reuters

MOSCOW, March 2 (Reuters) – Russian gas giant Gazprom said on Friday it had asked a court to terminate its gas supply and transit contracts with Ukraine after being ordered to pay $2.56 billion to Kiev, in a …

March 2, 2018 - 10:46 am Closing Bell Story‎, Energy News
Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

Russia On Board with OPEC that Global Oil Alliance Could Continue Past 2018

Oil market still isn’t fully re-balanced, Russia’s Novak says

It’s unclear whether inventories will drop at same pace: Falih

From Bloomberg

OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a …

January 22, 2018 - 1:51 pm Closing Bell Story‎, Commodity Pricing, OPEC
Source: Nord Stream AG

Nord Stream Gas Pipeline Sends 51 Bcm to EU

The Nord Stream Pipeline delivered 51 billion cubic meters (Bcm) of natural gas to consumers in the European Union in 2017.

This means that the pipeline system operated at 93% of its annual design capacity of 55 Bcm. This is …

Source: Novatek

$1.6 Billion Ship Deal Puts Russian LNG on Fast Track to China

From Asia Times

A joint venture between China LNG shipping and Teekay LNG has reportedly signed a US$1.6 billion deal to finance six LNG carriers, which will service Russia’s Yamal LNG project.

The carriers, currently being built by South Korea’s …

December 21, 2017 - 2:31 pm Closing Bell Story‎, Energy News, LNG
Source: OMV

OMV Signs $2 Billion Siberian Gas Deal with Uniper SE

OMV Yuzhno Russkoye natural gas field acquisition

OMV Exploration & Production GmbH has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The purchase price paid by OMV …

Russia’s Capital is Funding Anti-Shale Groups in U.S.:  House Committee

Russia’s Capital is Funding Anti-Shale Groups in U.S.:  House Committee

In late June, the House Committee on Science, Space and Technology Chairman Lamar Smith, and Congressman Randy Weber, chairman of the Subcommittee on Energy, sent a letter to  Secretary of the Treasury Steven Mnuchin requesting a full and complete …

July 17, 2017 - 3:30 pm Closing Bell Story‎, Oil and Gas 360 Articles
Source: Rosneft

BP and Rosneft Expand Natural Gas Cooperation

A new MoU between BP and Rosneft will see more Russian natural gas flowing to Europe

BP (ticker: BP) and Russian oil giant Rosneft signed a Memorandum of Understanding (MoU) in St. Petersburg Friday to bring a new stream of …

Matchmaking: OPEC and Russia Want to Formalize a Long-Term Partnership

Matchmaking: OPEC and Russia Want to Formalize a Long-Term Partnership

Russia is looking to find ways to cooperate with OPEC despite years of saying it has no plans to join the group

OPEC and Russia hope to institutionalize cooperation between the two beyond the current production cuts, according to Russian

Russia Signals More Flexibility as Prices Sputter

Russia Signals More Flexibility as Prices Sputter

Russia’s Novak suggests Russia has more room for deeper cuts

Crude oil prices fell more than 5% Thursday after OPEC extended a production cut deal which had originally help to buoy oil prices above $50 per barrel.

The extension will …

Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom Reports $17.5 Billion of Profit in 2016 Despite Weaker Pricing

Gazprom continues to sell an increasing amount of gas to Europe

Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced its financial results for full-year 2016 Thursday, reporting a stronger profit despite lower sales prices.

The company supplied a record 178.3 …

OPEC Sets a Date to Determine if Cuts will be Extended or Die

OPEC Sets a Date to Determine if Cuts will be Extended or Die

OPEC to make decision on cuts as part of regular meeting

The Organization of Petroleum Exporting Countries will hold meetings with its non-OPEC counterparts to decide the future of production cuts on the same day as the group’s scheduled semi-annual …

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

PDVSA may transfer 49.9% claim as part of  debt settlement

Russian state-owned oil giant Rosneft may end up owning U.S. downstream operator CITGO if Venezuela’s state-owned PDVSA is unable to pay back dues on a $1.5 billion loan from the …

Source: Bashneft

European Operator Buys Large Stake in Russian Gas Field for $1.9 Billion

OMV purchases a 25% stake in the Yuzhno Russkoye gas field in Western Siberia, gains 100 MBOEPD

OMV Aktiengesellschaft (ticker: OMG), an Austrian integrated oil and gas company, announced Sunday that the company purchased a 24.99% stake in the Yuzhno …

OPEC Says Cuts Are Ahead of Schedule

OPEC Says Cuts Are Ahead of Schedule

OPEC, Russia said they are not worried about U.S. shale production

OPEC and non-OPEC producers are off to a good start in meeting the goals set in a production cut plan initiated at the start of the year, according to …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

U.S. Upstream Oil & Gas M&A Nearly Doubles in 2016 as Operators Flock to the Permian

Permian basin and Russia split M&A surge

Upstream oil and gas merger and acquisition (M&A) activity took a deep dive following the crash in oil prices in late 2014.

A combination of crude oil shedding more than half its value …

Source: Novatek

Russia Signs 23 Energy Agreements with Japan

Russia and Japan ink 23 energy-related agreements including offshore and LNG

Russia and Japan deepened ties between the neighboring countries over the weekend as Russian President Vladimir Putin visited Japanese Prime Minister Shinzo Abe in Japan.

The talks were set …