Russia & CIS ///

Merkel defends Russian gas link expansion protested by Poland

German Chancellor Angela Merkel threw her country’s weight behind the Nord Stream 2 gas pipeline from Russia, boosting the chances that the controversial link will become reality.

Lukoil reports year-end 2017 reserves estimate

Lukoil announced today the results of the oil and gas reserves assessment and independent audit as of Dec. 31, 2017. According to the SEC (U.S. Securities and Exchange Commission) standards, the Company's proved hydrocarbon reserves totaled 16.0 Bboe, 75% of which were oil reserves.

Hydrawell to execute P&A at Absheron field, in the Caspian Sea

Total E&P Absheron B.V. (Total), acting as operator for and on behalf of a consortium presently composed of Total E&P Absheron B.V. (50%) and Socar Absheron LLC (50%) has tasked HydraWell to execute a part of plug & abandonment campaign at Absheron field, in the Caspian Sea.

OPEC, Russia to discuss new oil-inventory measurements in April

OPEC will soon discuss with Russia a new way to measure oil inventories as producers meet to review their supply-cuts agreement that expires at the end of 2018.

Norway, Russia sent record gas volumes to Europe in 2017, Rystad says

Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 Bcm and 122 Bcm, respectively, in 2017.

Rosneft increased proved hydrocarbon reserves by 6% in 2017

As of Dec. 31, 2017, the Rosneft's SEC (United States Securities and Exchange Commission) proved hydrocarbon reserves achieved 39,907 MMboe. The hydrocarbon reserves increased by 2,135 MMboe or by 6% compared to the reserves at the end of 2016.

Weatherford collaboration software enables single-trip casing exit at Russia's Sakhalin

Weatherford International plc today announced the successful execution of a shallow-angle casing exit in Sakhalin Island, Russia, using the AccuView real-time remote support system.

Poland bets on LNG, Norway gas as divorce with Russia looms

Russia’s oldest natural gas buyer is ready to break up after more than 74 years.

Europe's frozen relationship with Gazprom shows signs of thawing

A rapprochement is emerging between the European Union and its biggest natural gas supplier.

Gazprom Neft reports 26% year-on-year increase in net profit for 2017

Gazprom Neft today publishes preliminary consolidated IFRS financial statements for the 12 months ended Dec. 31, 2017.

High flowrate obtained at Gazprom Neft's Vostochno-Messoyakhskoye field

Messoyakhaneftegaz, the Rosneft—Gazprom Neft joint venture, has completed construction of its first deep-strata horizontal production well at Vostochno-Messoyakhskoye field, with initial inflow of 250 tonnes of oil per day, confirming the high potential of developing the deep strata of Messoyakha fields.

Lukoil commissions first production well at Phase 2 of Filanovsky field

Lukoil has completed the construction and commissioning of the first well at the Phase 2 of Vladimir Filanovsky field in the Caspian Sea.

OPEC, Russia sustain production as Saudi Arabia masks Venezuelan drop

Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry.

BHGE AM '18: Design challenges of Novatek's Yamal LNG and Arctic LNG 2

In a keynote speech on Day 2 of the 2018 BHGE Annual Meeting (BHGE AM), Mark Gyetyay, CFO and Deputy Chairman of the management board of Novatek, discussed the Yamal LNG and Arctic LNG 2 projects in Russia.

As Siberian gas awaits U.S. landing, a second ship may be coming

A second tanker carrying Russian natural gas may be on the way to the U.S., following in the footsteps of a ship now sitting near Boston Harbor with a similar cargo.

Oil wavers on a hint that Saudis, Russia may extend curbs into 2019

Crude futures are little changed, toggling between gains and losses as hints that OPEC may extend its output cuts into 2019 opened concern the curbs may not be working quickly enough.

OPEC, Russia signal global oil alliance may endure past 2018

OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that.

Giant Kashagan oilfield resumes output after power disruption

Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.

Oil outpaces ruble giving Russian drillers cause for cheer

Russia’s oil producers are enjoying near record crude prices -- in rubles -- and having their best start to the year since 2015. As the nation prepares to discuss its deal with OPEC allies in Oman this weekend, analysts say the good times will continue.

Kazakhstan overtakes Iraq as OPEC pact's biggest over-producer

Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output.