Offshore Oil Engineering Co Ltd., a Chinese company, signed a contract with Yamgaz SNC, to manufacture equipment for LNG production. The equipment is designed for Yamal's LNG plant. Offshore Oil Engineering Co Ltd.
Russian oil and gas condensate output reversed a downward trend in June, rising 0.2 percent from May to 10.55 million barrels per day (bpd), thanks to privately owned firms Lukoil and Bashneft, Energy Ministry data showed.
Russia has agreed to join the search for oil in deep waters between Cuba and Florida, thereby reviving fears among Americans of a possible environmental catastrophe - a large oil spill.
Russia is asking the UN Security Council to condemn the sale of Syrian oil by terrorists and to take "necessary measures" to prevent it.
Halliburton (NYSE: HAL) has executed the first contract geological assessment of Karasevskoe and Yuzhno-Tanlovskoe oil, gas and condensate fields (Project YAMAL) in partnership with Fund Energy, the company reported in a news release.
With the launch of the Prirazlomnaya field in the Pechora Sea (60 kilometers from Varandey in the Nenets Autonomoous District), Gazprom has begun work on the Arctic shelf as a center of production, Gazprom CEO Aleksey Miller said during the company's annual shareholders'
Rosneft has started field works at five license blocks of the Barents and Pechora Seas: East Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky, South Prinovozemelsky and West Matveevsky license blocks, located in the Pechora Sea.
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea.
Should oil fields be discovered in the Arctic, U.S. ExxonMobil will boost its investments into Russian economy, Glen Waller, head of ExxonMobil’s Russian division, told journalists during his visit to Khabarovsk.
The PKNM (Perm Oil Engineering) group of companies will supply Gazprom Burenie with drilling equipment worth nearly 200 million rubles.