Oil and Gas Industry Latest News

01.08.2014 Rosneft and North Atlantic Drilling expand offshore partnership

Rosneft and North Atlantic Drilling Ltd. have entered into long-term offshore drilling contracts.

30.07.2014 Russia’s markets rally as gas sector avoids sanctions

The U.S. and the European Union may have agreed to tougher, “phase three” sanctions on Russia, but the country’s financial markets were shrugging off the new restrictions in Wednesday’s trade, with both stocks and the ruble making substantial gains.

30.07.2014 Venezuelan, Russian oil firms ink new deals

Venezuela's state oil firm PDVSA and its Russian counterpart, Rosneft, have agreed to promote output in eastern Venezuela, reported the Venezuelan News Agency.

30.07.2014 Rosneft and PDVSA signed an agreement to arrange the training of Venezuelan citizens in Rosneft partner universities

Rosneft President Igor Sechin and People’s Minister for Energy & Petroleum, PDVSA President Rafael Ramirez signed an agreement to arrange the training of citizens of the Bolivarian Republic of Venezuela in Rosneft partner universities.

29.07.2014 European Officials Approve Tougher Sanctions on Moscow

The European Union reached agreement on Tuesday on the bloc's first broad economic sanctions on Russia over its role in Ukraine, diplomats said, marking a new phase in the biggest confrontation between Moscow and the West since the Cold War.

29.07.2014 Deliveries begin to oil reservoirs at the Badra oil field in Iraq

Gazprom Neft, the operator of the Badra oil field in Iraq, announces that deliveries of crude oil have started from the field to reservoirs of the Central Gathering Point (CGP). Two wells are currently producing oil at the deposit.

28.07.2014 SIBUR, NBA to open first refurbished basketball court in Russia under multiyear partnership

Sibur and The National Basketball Association (NBA) today announced that the Olimpiets facility in Perm, Russia will be the first court to be refurbished under a multiyear partnership to grow the game of basketball in Russia by providing safe and accessible basketball fa

28.07.2014 Rosneft starts up field work in the Kara Sea

On July 24 this year, research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey, will be carried out in the three Vostochno-Prinovozemelsky licenses.

28.07.2014 Rosneft needs 2000 workers in Murmansk

Visiting the Russian Arctic city last week, Rosneft President Igor Sechin told regional Governor Marina Kovtun that his projects in the Kola Bay will create 2000 new jobs over the next five years, a press release from the company reads.

22.07.2014 Platts: Russia to consider gas exports by independent East Siberian producers

Russia's President Vladimir Putin has asked his government to consider allowing independent producers to export gas from new fields in East Siberia and the Far East by September 1 in a move that would effectively spell an end to Gazprom's export monopoly.