Russia & CIS ///

Samaraneftegaz launches 3D seismic exploration works in new blocks

Samaraneftegaz, a Rosneft subsidiary, started 3D seismic exploration works in six blocks acquired in 2016. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.

Gazprom Neft drills first multi-hole "fishbone" well on Russian Arctic Shelf

The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing.

Lukoil drills first 1,000 m of exploration well 1P at Taymyr

LUKOIL has drilled 1,000 m of its first exploration well on the Vostochno-Taymyrsky license block. About 374 m of core samples from eight formations will be collected and analyzed during drilling.

Shell and four European energy companies sign financing agreement with Nord Stream 2 AG

Shell and four European companies – ENGIE, OMV, Uniper and Wintershall – signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline.

Growth in Europe’s demand for Russian gas confirms importance of Nord Stream 2

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Rainer Seele, chairman of the executive board of OMV, took place in Moscow on April 20th.

Oil stockpiles grow despite OPEC's cuts

When OPEC and Russia meet next month to assess the impact of their oil cuts they face a surprising outcome: stockpiles are even higher than when they started.

Russia seen extending production cuts to support price rally

Russia is likely to support extending a multinational deal to cut oil output as higher prices boost revenue in the run-up to next year’s presidential election.

Lukoil invests in environmental protection activities in Yamal-Nenets Autonomous District

LUKOIL will spend more than 500 million rubles on environmental protection activities in the Yamal-Nenets Autonomous District in the next three years.

Rosneft acquires assets in Khanty-Mansiysk Autonomous District for $700 million

Rosneft closed the acquisition of a 100% stake in the Kondaneft project, which is developing the Kondinsky, Zapadno-Erginsky, Chaprovsky and Novo-Endyrsky license areas in the Khanty-Mansiysk Autonomous District.

Gazprom builds 15 exploratory, development wells in Bangladesh in four years

A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, minister of foreign affairs of the People’s Republic of Bangladesh, took place in Moscow. The parties expressed their appreciation for the Company’s efforts in Bangladesh.

Gazprom Neft begins development of oil stratum at Novoportovskoye field

Gazprom Neft has completed drilling of its first production well within the NP-8 stratum at its Novoportovskoye field.

Lukoil brings platform topside to Caspian Sea

Lukoil commenced transportation of the topside of a fixed offshore ice-resistant platform (LSP-2), intended for Phase 2 of Vladimir Filanovsky field in the Caspian Sea.

Messoyakhaneftegaz exloring potential for underground gas storage

Messoyakhaneftegaz, a joint enterprise between Gazprom Neft and Rosneft, has obtained a licence from Rosnedra (the Federal Subsoil Resources Management Agency), for geological investigations and a suitability assessment at the Zapadno-Messoyakhsky licence block regarding the construction and commissioning of an underground gas storage facility.

Putin awards Glasenberg "Order of Friendship" after Rosneft deal

Russian President Vladimir Putin awarded state honors to executives at Glencore Plc, the Qatar Investment Authority, and Intesa Sanpaolo SpA months after the $11 billion deal to buy a minority stake in state oil company Rosneft PJSC.

Tillerson travels to Moscow after Syria strike

After enduring weeks of criticism that he’s been silent and sidelined in the Trump administration, Rex Tillerson travels to Moscow newly emboldened by the U.S. decision to drop 59 Tomahawk missiles on an airbase in Syria.

Lukoil produces 40 Bcmg in Uzbekistan

Lukoil has reached a production landmark of 40 Bcmg at its projects in Uzbekistan. Most of this volume (about 82%) was produced from Khauzak-Shady and Kuvachi-Alat fields in the Bukhara Province.

Rosneft starts drilling of northernmost well at Russian shelf

Rosneft started drilling of the Tsentralno-Olginskaya-1 well at the Khatangsky license area. The well is the northernmost at the Russian Arctic shelf. Russian President Vladimir Putin launched exploration drilling via video link-up with Rosneft CEO Igor Sechin who was on the shore of the Khatanga bay.

Gazprom to purchase first medium-term contract for Uzbek gas

A number of documents were signed today in Moscow with the purpose of advancing Russian-Uzbek cooperation in the gas sector. The signing ceremony took place in the presence of Russian Federation President Vladimir Putin and Uzbekistan President Shavkat Mirziyoev.

Gazprom bid feeds David-and-Goliath anxiety in Danish parliament

The biggest party in Denmark’s parliament is voicing serious concerns about a bid by Gazprom PJSC to build a pipeline from Russia to Europe that would pass through Nordic and Baltic waters.

Saudi Aramco cuts oil pricing for Europe, where Russia dominates

Saudi Arabia lowered oil pricing for European customers, a sign the world’s biggest crude exporter is seeking to expand market share in the region dominated by Russia.