Oil and Gas Industry Latest News

08.08.2014 Gazprom Marketing & Trading To Build Offshore Support Vessels For Sakhalin Energy

Gazprom Marketing & Trading (GM&T) and Sakhalin Energy Investment Company Ltd.

07.08.2014 Russian oil exports decline domestic refining volume grows

Oil exports from Russia continue to decline, which is due to an increase in oil refining within the country.

04.08.2014 Weatherford closes sale of Russian and Venezuelan land rig operations to Rosneft for $500 million in cash

Weatherford International plc (NYSE: WFT) closed the sale of the Company's land drilling and workover operations in Russia and Venezuela to Rosneft on July 31, 2014. The consideration was $500 million in cash.

04.08.2014 Lukoil Optimizes Structure of Assets in Eastern Europe and Ukraine

LUKOIL and Austria’s AMIC have reached an agreement in principle to sell 100% of LUKOIL-Ukraine CFI which owns around 240 filling stations and 6 petroleum tank farms in Ukraine.

04.08.2014 Natural gas production in Russia in January-July 2014 decreased by 1.7%

Natural gas production in Russia in January-July 2014 decreased by 1.7% year on year to 374.689 billion cubic meters, the control centre of the fuel and energy sector said on Saturday. Gas production in July fell by 7.4% year on year to 42.681 billion cubic meters. Gazprom’s gas production in July dropped by 14.8% to 25.124 billion cubic meters.

01.08.2014 Rosneft Closes Deal for Acquisition of Weatherford Oil Field Services

Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela. The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc.

01.08.2014 Kara-Summer 2014 Arctic Field Expedition Started for Rosneft

The research and development expedition to investigate ice and metocean conditions in the Russian arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in

01.08.2014 Beyond oil and reserves, Russia running on empty

For all the sanctions Western leaders can throw at Russia, the biggest threat to President Vladimir Putin's ability to back separatists in east Ukraine is something beyond his or their control: the price of oil.

01.08.2014 Rosneft to carry out ecologic fishery research in Laptev Sea

For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky.

01.08.2014 New US sanctions may help Chinese oil & gas players into Russian market

A new round of economic sanctions against Russia by the Obama administration may open a long-awaited door for China to sweep into Russian oil and gas field, a Chinese industry insider said recently.