TATNEFT has put into operation a new pressure oil pipeline "Pervomaysky tank farm - "Naberezhnye Chelny" pumping station of NGDU "Prikamneft" having the designed throughput capacity of 1574.92 thousand tons of transported crude oil per year (135.0 tons per hour).
Gazprom Transgaz Surgut has completed a comprehensive upgrade of compressor workshops at the Yarkovo and Samsonovsky Line Pipe Operation Centers.
Russia's anti-monopoly regulator said it had approved the sale Gazprom of its 51% stake in gas producer Nortgas to its subsidiary Gazprom Neft.
Weatherford announced the release of the Field Office 2012 edition.
ConocoPhillips agreed to sell its Algerian business unit to Indonesian state energy company PT Pertamina for $1.75 billion, plus customary adjustments, as part of its ongoing asset-disposition program.
Russia's Gazprom , pressured by customers and competitors to reduce its gas charges, is likely to cut long-term contract prices to Europe next year to levels comparable to the spot market, a source at the company said.
According to the company, a tender on the construction of the huge Arctic project will be held in January 2013. The plant will have a production capacity of 30 million ton per year, and will be built in the Orlovka Valley near Teriberka on the Kola Peninsula.
Based on quotes from Aleksandr Mandel, head of subsidiary company Gazprom Dobycha Shelf, the BarentsObserver story argued that Russian energy companies depend on technology and equipment from foreign companies when developing offshore Arctic projects.
Reuters reports December 12 that Russia and Ukraine might be close to signing a new gas supply deal next week, ending a long-term stand-off that has repeatedly threatened Europe's energy security, officials from both sides indicated on Wednesday.
Xinhua reports that surging oil and gas production will help North America become a net exporter of oil and gas by 2025, U.S. energy giant ExxonMobil said in its annual energy outlook released Tuesday.