Oil and Gas Industry Latest News

02.09.2014 Rosneft Achinsk Refinery Resumed Crude Refining on Tight Schedule

Rosneft Achinsk Oil refinery, suspended after the incident of June 15, 2014 has recovered the processes of primary crude oil processing on a tight schedule, according to the plan of repair activities.

02.09.2014 Polarcus Strengthens Presence in Brazil

Polarcus has entered into a new representation agreement effective 01 September 2014 for the management of Polarcus do Brasil in Rio de Janeiro, according to the company press-release. Polarcus is now represented by Sinergeo, located on Av.

02.09.2014 Gazprom Fights Rosneft to Get Export License for Pechora LNG

Gazprom has written a letter to government where it warns against granting a LNG export license for the Pechora LNG project to its main domestic competitor Rosneft, writes Barentsobserver.  In the letter addressed to the Ministry of Energy, company Board deputy Valery Go

02.09.2014 Putin Breaks Ground on Russia-China Power of Siberia Gas Pipeline

On Monday Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years, reported RT.

01.09.2014 Ruspetro Plans a Second Horizontal Well This Year

Onshore Russia-focused Ruspetro reported Friday that it plans to spud and drill another horizontal well from Pad 23b by the end of the year before another phase of horizontal development begins in March 2015.

01.09.2014 Shell Submitted New Exploration Plans for Oil in Alaskan Arctic

Shell officially submitted their plan for exploration efforts to the U.S. federal government on Aug. 28. Previous efforts by the company have been mired in logistical and legal delays, as well as opposition from environmental groups.

29.08.2014 Russia to Press Ahead with Rosneft Privatization

The government expects to raise $11.5 billion from selling Rosneft shares, according to The Moscow Times newspaper.

29.08.2014 SIBUR Initiates Liquefied Petroleum Gas Supplies to China

In late August, SIBUR signed a long-term contract with a Chinese customer for regular liquefied petroleum gas (LPG) supplies to the growing Chinese market.

28.08.2014 TATNEFT Board of Directors Summed Up the Results of the First Half of 2014

A regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on August 28, 2014.

28.08.2014 "Rosneft" Restores Weather Observation System in Kara Sea

As part of a large-scale summer Arctic research expedition "Kara-Summer - 2014" a meteorological station was installed that meets the latest modern requirements for such equipment, on the island of Uedinenie.