Post Tagged with: "russia"

Russia to Finance a $2 Billion LNG Pipeline in Pakistan

Russia to Finance a $2 Billion LNG Pipeline in Pakistan

New pipeline represents the first infrastructure deal between the two countries since the 1970s

Pakistan is expected to sign an agreement with Russia for the construction of a 1,100 km (about 684 mile) liquefied natural gas (LNG) pipeline from Karachi …

June 30, 2015 - 1:42 pm International, LNG, Midstream, Oil and Gas 360 Articles
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

Nearly $300 Billion in Deals From St Petersburg Forum

Over 200 agreements signed as part of St Petersburg economic forum

The St Petersburg International Economic Forum (SPIEF) saw 205 deals signed by various companies. Russian oil major Rosneft (ticker: RNFTF) was one of the most active companies at the …

June 24, 2015 - 6:49 pm International, Oil and Gas 360 Articles
Source: Gazprom. LNG tanker

European Emissaries Call for the End of U.S. Export Ban

Pennsylvania’s shale gas, affordable prices, preferred over Russian gas

Representatives from about 15 European embassies were in attendance during a recent meeting of the Williamsport-Lycoming Chamber of Commerce to discuss lifting the ban of exports of U.S. crude oil and …

Source: Gassco Karsto Pipes

Putin: Oil Prices “Suit Us for Now”

The Russian oil and gas industry sees prices remaining stable at ~$60-$65 per barrel

During the St. Petersburg International Economic Forum, Lukoil (ticker: LKOH) CEO Vagit Alekperov said that he expects oil prices to remain relatively stable moving forward. When …

Coast Guard Commandant:  Will LNG transport become a geopolitical cyber warfare target?

Coast Guard Commandant: Will LNG transport become a geopolitical cyber warfare target?

Coast Guard seeks to deliver protection against “invisible” attacks.

United States Coast Guard Commandant Vice Adm. Paul F. Zukunft in a keynote address at the Center for Strategic and International Studies on June 15 said that while the U.S. port …

June 22, 2015 - 11:13 am LNG, Offshore, Oil and Gas 360 Articles, Politics & Opinions
Source: Rosneft Komsomolsk Refinery

Over $1 Billion in Deals coming out of Forum in Russia

Attendance at this year’s St. Petersburg International Economic Forum (SPIEF) is up from a year ago when many Western companies decided to decline invitations in the wake of Russia’s involvement in Ukraine. This year, many American companies have decided to …

June 19, 2015 - 4:59 pm International, Midstream, Oil and Gas 360 Articles, Popular
Source: Gazprom St Petersburg International Economic Forum

Russia Continues to Attract Western Oil Majors Despite Sanctions

“Political differences do not strongly affect serious business”:  European majors eye slate of upcoming opportunities

Attendance at Russia’s St. Petersburg International Economic Forum is up from last year after many Western companies decided to back out of last year’s conference …

Dana Gas Iraq Operations

OPEC? Steady as She Goes and Oil Prices Could Still Recover: Hofmeister

Exclusive Oil & Gas 360® Pre-OPEC Interview with Former Shell Oil President

With all eyes peering toward Vienna tomorrow, analysts and experts are in near lockstep that OPEC will maintain production, with a few saying it may raise its cap …

June 4, 2015 - 7:04 pm International, Oil and Gas 360 Articles, OPEC
Russian Finance Ministry Rejects $25 Billion Aid Request by Rosneft

Russian Finance Ministry Rejects $25 Billion Aid Request by Rosneft

Rosneft alone contributes about 25% of the country’s total tax revenue; commodities price cut taking its toll

Russian state-owned oil giant Rosneft (ticker: RNFTF) was denied aid by the Russian Finance Ministry, according to reports from Russian news source Vedomosti

June 3, 2015 - 5:50 pm International, Oil and Gas 360 Articles
Source: Rosneft

Rosneft to Invest $14 Billion in Venezuela’s Oil and Gas Sector

Investment is expected to double current production

Venezuelan President Nicolas Maduro said that Russia’s top oil producer, Rosneft (ticker: RNFTF), agreed to invest around $14 billion in the South American OPEC country’s oil and gas sector. Maduro met with Rosneft …

May 29, 2015 - 6:59 pm International, Oil and Gas 360 Articles
Source: Gazprom Sakhalin II LNG

Tokyo Gas Wants to Build a Natural Gas Pipeline to Russia

A consultant with Japan’s largest gas company said they are interested in building a $3.5 billion pipeline to obtain Russia’s natural gas at half the cost of its LNG

Tokyo Gas, Japan’s largest gas company, would like to build a …

May 27, 2015 - 3:23 pm International, LNG, Oil and Gas 360 Articles
Norway Surpasses Russia as Western Europe’s Top Gas Supplier

Norway Surpasses Russia as Western Europe’s Top Gas Supplier

Efforts to cut gas supplies from Russia appear to be working

Norway state-owned gas operator Gassco reported that the country exported 29.2 Bcm of gas to western Europe in the first quarter of the year, overtaking Russian exports to Europe …

May 26, 2015 - 1:11 pm International, Oil and Gas 360 Articles
The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

The E.U. joins voices calling for an end to the U.S. export ban

Many have called for the end of the crude oil export ban from the United States, saying the legislation is a relic of a global energy picture …

Oil & Gas 360® International Update

Oil & Gas 360® International Update

News from around the globe

China plans to spin off pipeline assets into a new company, Iran raises its oil prices by 9%, India attracts bids for a new LNG import facility and Russia is adjusting its mining taxes.

China

May 15, 2015 - 6:51 pm International, Oil and Gas 360 Articles
Crimea to Receive Oil and Gas Equipment Despite Sanctions

Crimea to Receive Oil and Gas Equipment Despite Sanctions

Chinese company Kerui is looking to register as a business in Crimea to make supplying equipment easier

China’s Kerui is set to deliver oil and gas equipment to Crimea, the company’s vice president, Wang Bin, told Tass during a Russian-Chinese

April 24, 2015 - 2:41 pm Offshore, Oil and Gas 360 Articles, Politics & Opinions
Rosneft HQ with Kremlin in the background Source: Rosneft

Improving U.S. and Russian Relations

Russian ambassador in Denver to increase understanding between the U.S. and Russia

At a private event in Denver on Tuesday, Sergey Kislyak, Russia’s ambassador to the United States, expressed his hopes that tensions that have existed between the U.S. …

Russia Strengthening Ties with Vietnam

Russia Strengthening Ties with Vietnam

Russia buys 49% stake in Vietnamese refinery

Gazprom Neft (ticker: GZPFY), the oil arm of Russian state-owned Gazprom (ticker: OGZPY), and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to strengthen ties between the oil and …

April 8, 2015 - 5:47 pm Downstream, International, Oil and Gas 360 Articles
U.S. Crowned the World’s Largest Producer in 2014

U.S. Crowned the World’s Largest Producer in 2014

EIA: U.S. remains the largest hydrocarbon producer for the third straight year

The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to Energy Information Administration (EIA) estimates. U.S. petroleum production increased …

Power of Siberia

Power of Siberia May be Put on Hold

Russia’s major pipeline to China may be put on hold

State-owned oil major Gazprom (ticker: OGZPY) may put its Power of Siberia gas pipeline project on hold, according to sources close to the company. The project may be put off …

March 27, 2015 - 5:09 pm International, Midstream, Oil and Gas 360 Articles
Source: Novatek

Total Continues to Bet on Russian Projects

The French oil major is looking for up $15 billion in Chinese financing to develop projects in Russia

Many companies are trying to steer clear of extra risk in Russia as the West continues to add new sanctions against the …

March 24, 2015 - 11:27 am International, Oil and Gas 360 Articles
Russian gas main Source: Gazprom

Ukraine Aims to Nearly Double Gas Transit Tariff

Ukrainian Energy Minister hopes to nearly double the tariff on gas transit in the country

Ukrainian Minister of Energy and Coal, Vladimir Demchishin,  plans on using the upcoming March 20 meeting between Ukraine, Russia and the European Union to discuss …

March 19, 2015 - 6:10 pm International, Midstream, Oil and Gas 360 Articles
Egypt Signs Five-Year LNG Deal with Russia

Egypt Signs Five-Year LNG Deal with Russia

Russia will supply 35 LNG shipments to Egypt starting later this year

The Egyptian Natural Gas Holding Company (EGAS) has signed a five-year contract with Russia’s state-owned Gazprom (ticker: OGZPY) for the supply of liquefied natural gas (LNG). The contract …

March 19, 2015 - 3:13 pm International, LNG, Oil and Gas 360 Articles
Source: Russneft

Swiss Mining Giant Glencore to Take 49% Stake in Russian Oil-Major

Glencore plans to convert shares in subsidiaries of Russia’s Russneft into a 49% stake in the company

Swiss mining giant Glencore (ticker: GLEN) plans to take a 49% stake in Russian oil producer Russneft (ticker: RUSN) by exchanging Glencore’s shares …

March 13, 2015 - 6:53 pm International, Oil and Gas 360 Articles
RWE Utility Closes $5.7 Billion Deal

RWE Utility Closes $5.7 Billion Deal

Germany’s RWE utility company completes sale to Russian firm despite opposition from the U.K. government.

German utility RWE AG (ticker: RWE:XETRA) closed the sale of its oil and gas unit Dea for €5.1 billion ($5.7 billion) to LetterOne Group, an …

March 2, 2015 - 6:30 pm International, Oil and Gas 360 Articles
Rosneft HQ with Kremlin in the background Source: Rosneft

Russia Overcomes ‘Psychological Barrier,’ Considers Foreign Control of Major Oil Fields

The Kremlin is thinking of giving majority control of major oil fields to Chinese investors in order to develop energy reserves

Russia may consider allowing Chinese investors more than 50% stake in its strategic oil and gas fields, an official …

March 2, 2015 - 5:51 pm International, Oil and Gas 360 Articles
Rosneft: Canada Oil in “Near-Death Situation” after PM Harper Imposes New Sanctions on Russia

Rosneft: Canada Oil in “Near-Death Situation” after PM Harper Imposes New Sanctions on Russia

Canadian Prime Minister Stephen Harper imposed new sanctions on Russia this week, including on Rosneft

Stephen Harper’s government announced Tuesday the expansion of sanctions against Russia for its involvement in Ukraine. The expanded sanctions target Russia’s largest oil producer, Rosneft …

February 19, 2015 - 3:48 pm Canada, Oil and Gas 360 Articles
Russia Ready to Consider Alternatives to South Stream

Russia Ready to Consider Alternatives to South Stream

President Putin to explore alternatives to South Stream with the E.U.

Russia is ready to discuss alternative options to South Stream with its European Union partners, says President Vladimir Putin. The Russian president said his country was not trying to …

February 18, 2015 - 6:49 pm International, Oil and Gas 360 Articles
Russia Update:  Ukraine Related Sanctions Have Stopped Critical Oil & Gas Investment

Russia Update: Ukraine Related Sanctions Have Stopped Critical Oil & Gas Investment

Russia’s oil and gas industry faces many obstacles in today’s market, but sanctions may be causing the most damage

For the first time in a decade Russia’s credit rating was downgraded to junk by Standard & Poor’s rating agency last …

February 9, 2015 - 12:08 pm International, Oil and Gas 360 Articles
S&P Downgrades Russian Oil and Gas Companies, China’s Rating Agency Disagrees

S&P Downgrades Russian Oil and Gas Companies, China’s Rating Agency Disagrees

‘The Big Three’ have all downgraded Gazprom, but China’s Dagong ratings agency recently issued the company its highest rating

Standard & Poor’s rating agency today downgraded Russia’s state-owned oil and gas giant Gazprom (ticker: OGZPY) and a number of other …

February 5, 2015 - 2:27 pm International, Oil and Gas 360 Articles
Source: Rosneft

Sanctions Prevent Russia From Resuming Drilling in the Arctic in 2015

Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions.

State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in …