Oil and Gas

Construction of Nord Stream-2 carried out in accordance with approved schedule

The construction of Nord Stream-2 is proceeding in strict accordance with approved schedule.

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Putting € 531 million into Nord Stream - 2 OMV to continue financing.

Austrian oil and gas company OMV, which has already invested more than € 500 million into Nord Stream 2, is ready to continue financing in 2019, the head of the concern Rainer Seele informs.

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Transneft demands Rosneft to compensate for loss of 1.5 bln rubles

Transneft intends to officially demand from Rosneft compensation for losses in the amount of 1.5 billion rubles for the downtime of branch from the ESPO pipeline to the Komsomolsk refinery.

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Project of Northern Sea Route development planned to be coordinated by February of 2019

The project for the development of the Northern Sea Route is planned to be agreed by February 2019. This was stated by Deputy Prime Minister of the Russian Federation Maxim Akimov.

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Russia and Kazakhstan to continue searching for oil at Kulalinskoye field

At the plenary session of the Kazakhstan’s Senate, deputies adopted the law "On ratification of additional protocol to the Protocol to the Agreement between the Republic of Kazakhstan an

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Gazpromneft-Yamal develops 6 productive layers at Novoportovskoye field

9.9 million tons of oil equivalent have been produced the Novoportovskoye field of Gazpromneft-Yamal.

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Transneft plans to start buyback of shares in 2019

Transneft plans to launch a buyback program in 2019, the head of the company Nikolay Tokarev told reporters.

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Gazpromneft: participants of OPEC+ deal must agree to compromise

The head of Gazpromneft Alexander Dyukov is confident that parties to the OPEC+ agreement to reduce oil production should agree to “some” reduction in the oil production in order to bal

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Novak: for Russia, it’s more difficult to reduce production than for other countries

In Russia, it is more difficult to reduce oil production than in other countries because of geological features and climatic conditions.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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