Tag Archive

Gazprom and Uniper discuss gas supplies and Nord Stream 2

Gazprom and Uniper discuss gas supplies and Nord Stream 2

February 15, 2019 No Comments

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Bernhard Reutersberg, Chairman of the Supervisory Board of Uniper, took place in Saint Petersburg where the parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at […]

Saipem Awarded new Onshore E&C contract

Saipem Awarded new Onshore E&C contract

December 19, 2018 No Comments

Saipem, in Joint Venture with Renaissance, a Turkish oil & gas services company, has been awarded a new Onshore E&C project in the Russian Federation worth 2.2 billion Euro overall. As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro. The contract has […]

Deeper Oil Production Cuts may be needed in late 2019

Deeper Oil Production Cuts may be needed in late 2019

December 17, 2018 No Comments

Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half of 2019, but more work may be needed after that. If Saudi Arabia, Russia and other countries in the so-called OPEC+ coalition cut production by 1.2 MMbpd as promised for the first six months of […]

Gazprom and Itochu sign MoU

Gazprom and Itochu sign MoU

December 17, 2018 No Comments

Gazprom and Itochu Corporation signed a Memorandum of Understanding on the Baltic LNG project. With this document, the parties confirmed their interest in potential cooperation in the framework of the project. Itochu Corporation is one of Japan’s largest general trading companies. It is engaged in oil & natural gas production and processing and LNG projects. […]

LUKOIL AND GAZPROM TO ESTABLISH JOINT VENTURE

LUKOIL AND GAZPROM TO ESTABLISH JOINT VENTURE

December 14, 2018 No Comments

President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller discussed bilateral cooperation at a meeting. For instance, the parties touched upon the development of Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District, Russia. The companies are getting ready to establish a joint venture for the project. Vagit Alekperov […]

Yamal LNG Starts Up Train 3

Yamal LNG Starts Up Train 3

December 11, 2018 No Comments

On the occasion of the inauguration of Train 3 of the Yamal LNG project in the presence of the Prime Minister of Russia Dmitry Medvedev, Total announces the start of liquefied natural gas (LNG) exports from the third train of the Yamal LNG project in Russia. This has been achieved a year ahead of the […]

Gazprom and Yamal-Nenets sign Cooperation Agreement for 2019

Gazprom and Yamal-Nenets sign Cooperation Agreement for 2019

December 7, 2018 No Comments

Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area (YaNAA), met at the Bovanenkovskoye field to acknowledge the strategic and long-term nature of the cooperation between the Company and the region, highlighting the importance of Gazprom’s large-scale efforts for setting up a key gas production center in […]

Russia agrees oil output cut

Russia agrees oil output cut

December 3, 2018 No Comments

President Vladimir Putin said that Russia and Saudi Arabia had agreed to renew a pact on oil production cuts, as crude prices slump on global markets. Following talks at a G20 summit with Saudi Crown Prince Mohammed bin Salman, Putin reportedly stated, on Saturday the world’s two biggest exporters of crude “have agreed to extend […]

Russia seizes 3 Ukrainian ships

Russia seizes 3 Ukrainian ships

November 27, 2018 No Comments

Russia seized three Ukrainian naval ships off the coast of Russia-annexed Crimea on Sunday after opening fire on them and wounding several sailors, a move that risks igniting a dangerous new crisis between the two countries. Russia-Ukraine tensions rose further after the Kerch Strait ship capture The three ships were sailing off the coast of […]

TurkStream gas pipeline’s offshore section completed

TurkStream gas pipeline’s offshore section completed

November 20, 2018 No Comments

The Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. “Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage. The work is well ahead of schedule: the offshore section of the […]

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