Oil and Gas Industry Latest News

18.08.2011 Sino-Russian Natural Gas Deal Edges Toward Conclusion

Long-stalled negotiations between China and Russia on pipeline gas are expected to conclude before the end of this year, as the price gap has narrowed after several rounds of talks, industry experts said on Wednesday.

15.08.2011 North Korea Favors South Korea-Russia Gas Pipeline

North Korea is "positive" about a project to lay an overland gas pipeline transporting Russian natural gas to South Korea, Russian Foreign Minister Sergey Lavrov said Thursday.

26.07.2011 Putin: Russia Will Support Work by Enel and E.ON on Russia's Energy Market

The Russian Federation will continue to support Enel and E.ON in their work on the Russian energy market, Russian Prime Minister Vladimir Putin said during a video conference on projects using the Surgut GRES-2 and Sredneukrals GRES hydroelectric stations.

22.07.2011 Russia Allows Total to Participate in Arctic LNG Production

Russia has approved participation by France's Total in an LNG production project in the Arctic, a representative of the Russian anti-monopoly regulator reported.

21.07.2011 Russia Mulls Freezing South Stream Gas Line

Russia could soon temporarily suspend its gas pipeline project "South Stream" and increase gas export to Europe thanks to Germany as a reliable partner.

02.06.2011 Growing China, A Huge Market For Russia Energy

China's rapid economic growth creates a huge market for Russia's energy exports, said Chinese Vice Premier Wang Qishan on Wednesday.

25.03.2011 Duma Ratifies Delimitation Deal With Norway

The State Duma will today recommend ratification of the border deal with Norway in the Barents Sea and Arctic Oceans. A suggestion from the Communist Party to remove the case from the agenda was rejected by the majority.

22.03.2011 Putin to Discuss Slovenia Joining South Stream

Russian Prime Minister Vladimir Putin will arrive in Slovenia today to discuss the possibilities for Moscow and Ljublana to cooperate in various industrial projects including Slovenia's participation in the South Stream pipeline project.

22.03.2011 Chevron May Pull Out of Rosneft Black Sea Field Partnership

Russia's largest oil company Rosneft and U.S.

21.03.2011 Russia's East to Produce 70-100 Billion Cubic Meters of Gas per Year By 2020

Russia's eastern regions will be producing from 70 to 100 billion cubic meters of gas per year by 2020, Russian Prime Minister Vladimir Putin said during a meeting on developing the fuel and energy sector in the Far East and East Siberia.