Oil and Gas Industry Latest News

21.07.2014 Gazpromneft-Aero customers to refuel across Shell Aviation’s global network

Gazpromneft-Aero, the operator of Gazprom Neft’s aviation fuel business, and leading global supplier of aviation fuels Shell Aviation signed an agreement that will allow partner airline companies of Gazpromneft-Aero to refuel at airports where Shell operates a jet fuelli

18.07.2014 Russia Sanctions & Airliner Tragedy: How Much of a Game Changer?

The possible consequences of yesterday’s Malaysian Airlines tragedy and the latest sanctions announcements from the US and EU must be considered while reflecting on the latest events. The air crash will sharply raise pressure.

17.07.2014 New U.S. Sanctions Crash Rosneft, Novatek Stocks

The morning after U.S President Barack Obama announced increased sanctions against Russia for what Washington calls inaction in Moscow regarding deescalation of the Ukraine crisis, shares for Rosneft dropped over 5% on the MICEX Moscow Stock Exchange, while Novatek share

16.07.2014 Gazprom Marketing & Trading Signs Offshore Support Service Agreement With Sakhalin Energy

08 July 2014, Singapore and Yuzhno-Sakhalinsk – Gazprom Marketing & Trading (GM&T) and Sakhalin Energy Investment Company Ltd.

14.07.2014 Rosneft Acquires Oil Field Services from Weatherford International

Rosneft President Igor Sechin and Vice President of Weatherford International plc. for Russia Lance Marklinger signed an agreement for the acquisition of Rosneft land drilling and workover assets of Weatherford in Russia and Venezuela.

11.07.2014 NOVATEK Produces 2.6 Percent More Gas in Q2

NOVATEK’s gross production in Q2, 2014 totaled 15.59 bcm of natural gas and 1,356 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 2.6 percent and an increase in combined liquids  production by 13.2 percent, a

11.07.2014 LUKOIL Invests Big in Prikamye Environmental Project

LUKOIL is investing 5 billion rubles in Kama-Nature as part of the Environmental Safety Program Group LUKOIL in the Perm region. The investment will be spread over 2014-2018 and among 40 integrated activities.

11.07.2014 Rail Tariffs on Oil Exports to Rise by 13.4%

The Russian state rail company, Russian Railways, will raise transport tariffs on oil and oil product exports by 13.4% from August 2014.

11.07.2014 Lundin Petroleum sells assets in the Komi Region, Russia

Lundin Petroleum AB has inked an agreement with Arawak Energy Russia BV (Arawak), to sell Lundin Petroleum's entire interests in the Sotchemyu-Talyu and the North Irael Fields, Komi Region, Russia, the company reported in a news release.

11.07.2014 Russia to Pump $9.3Bln Into Oil Exploration Through 2020

Prime Minister Dmitry Medvedev said Thursday that the government plans to spend 320 billion rubles ($9.3 billion) on oil exploration through 2020.