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07.02.2014 Russia’s Lukoil reserves total 17.4 billion barrels of oil equivalent

Lukoil finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2013, Lukoil’s press service said on February 6.

07.02.2014 Russia’s Tatneft oil production up 0.6% year on year in January

The amount of 2,221,896 tons of crude oil or 100.6 percent versus January 2013 was produced at Tatneft, its press service said on February 6. The new drilling penetration in January of 2014 amounted to 31.5 thousand meters (44.3 thousand meters in 2013).

07.02.2014 Russia’s Gazprom told underground storage facility in Germany to be expanded in 2014

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dr. Karsten Heuchert, Chairman of the Verbundnetz Gas Executive Board, Gazprom’s press service reported on January 6.

06.02.2014 Russia’s Gazprom, Lukoil to jointly prevent oil spills

Gazprom Deputy Chairman Vitaly Markelov and Lukoil First Executive Vice-President Ravil Maganov have signed an agreement on cooperation in the prevention and liquidation of consequences of oil spills at sea.

06.02.2014 Russia’s Gazprom considers two additional lines for Nord Stream pipeline

Gazprom Chairman Aleksey Miller and Nord Stream AG Executive Director Matthias Warning on February 5 discussed the possibility of increasing the Nord Stream pipeline’s capacity through building one or two additional lines.

06.02.2014 Oil service market overheated, says Russian Rosneft chairman

The oil service market has been overheated, Rosneft President Igor Sechin has told a press conference in Moscow.

Sechin said that oil servicemen’s prices were not economically grounded and that the sector was dominated by monopolies.

06.02.2014 Russia concerned over Ukraine gas debt

President Vladimir Putin's spokesman said on February 5 that Russia was increasingly concerned about Ukraine's growing debt on its gas payments and needed an explanation about Kiev's future policies in the face of pro-EU protests, AFP has reported.

06.02.2014 Russia’s Gazprom Neft not to buy Lukoil’s stake in National Oil Consortium

Gazprom Neft, the oil arm of Russia’s energy giant Gazprom, is not discussing acquisition of a stake of Lukoil, Russia’s largest private oil company, in the National Oil Consortium, the company’s deputy chief executive officer Vadim Yakovlev told a news conference on Feb

06.02.2014 Russia’s Gazprom Neft, Italy’s Eni extend Libyan option

Russian oil company Gazprom Neft and Italian Eni have reached an agreement to prolong the option for buying a share in the Elephant project in Libya, Deputy Chairman of Gazprom Neft’s Management Board Vadim Yakovlev told a news briefing, Itar-Tass reported on February 5.

06.02.2014 Russia’s Gazprom to set up subsidiaries for Barents Sea

Russia’s gas producer Gazprom will create a new subsidiary for Barents Sea projects, including Shtokman phases 2 and 3, Itar-Tass reported on February 5.