Russia & CIS ///

Oil rises as Russia and OPEC said to reach outline deal on cuts

Oil advanced to a fresh two-year high as OPEC and Russia were said to have crafted the outline of a deal to extend their oil production cuts to the end of next year.

Gazprom Neft, Tatneft and Zarubezhneft collaborate to develop carbonate deposits

Gazprom Neft, Tatneft and Zarubezhneft have concluded a Memorandum of Cooperation on the development of the skills and competencies needed for the development of exceptionally challenging projects in opening up carbonate deposits.

New China star sells first Russian oil from $9-billion Rosneft deal

A Chinese firm that’s grown from a small local trader to a global deal-making juggernaut sold its first cargo of Russian crude after buying a $9-billion stake in Rosneft Oil Co.

Gazpromneft-Khantos establishes Upstream Control Centre using digital twin technology

Gazprom Neft subsidiary Gazpromneft-Khantos has launched an Upstream Control Centre as part of its “Digital Field” program.

Oil climbs as Saudi Arabia seeks to dispel doubts over Russia

Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs.

Rosneft drills world's longest well in Sakhalin

Rosneft, as a member of Sakhalin-1 Consortium, successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk.

Russia's economy slowed more than forecast despite oil rally

Russia’s economy slowed more than forecast despite a bull-market rally in oil, its chief export, ending three quarters of accelerating growth that followed the country’s worst recession this century.

Venezuelan oil too big to fail, at least for China and Russia

Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia.

Venezuela will seek to restructure debt, blaming sanctions

President Nicolas Maduro said Venezuela will seek to restructure its global debt after the state oil company makes one more payment, blaming U.S. sanctions for making it impossible to find new financing.

Venezuela's restructure heightens Rosneft's $6-billion risk

The risks associated with Rosneft PJSC’s $6 billion advance to Venezuela’s oil company for future crude shipments have deepened after the Latin American nation announced plans to restructure crushing debts.

Russian-Iranian framework established for gas sector cooperation

A number of documents were signed in Tehran on the margins of the visit to the Islamic Republic of Iran by Russian President Vladimir Putin. The documents are aimed at fostering Russian-Iranian cooperation in the gas sector.

Oil extends rally on expectations OPEC will lengthen output cuts

Oil extended gains from the highest close in more than two years on signs that OPEC will extend production cuts when it meets at the end of this month.

Rosneft, National Iranian Oil Company sign strategic oil and gas agreement

During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran, Rosneft Oil Company and National Iranian Oil Company signed an agreement termed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas.”

Lukoil completes eighth well at Vladimir Filanovsky field

Lukoil has completed the drilling of its eighth well at Vladimir Filanovsky field in the Caspian Sea.

China to get first Yamal LNG cargo as Russia says "thank you"

Russia’s Yamal LNG, set to be the world’s biggest Arctic producer of liquefied natural gas, plans to send its debut cargo to China as thanks for its support.

PetroNeft confirms positive results from Sibkrayevskoye well

PetroNeft, an E&P company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, has provided an update on the S-375s delineation well at Sibkrayevskoye oil field.

Russia cements top spot in crude sales to China as Saudis recede

Russia continues to pull ahead of its oil rivals including Saudi Arabia in China, the world’s biggest energy user.

Petro Matad provides updates regarding seismic program in Mongolia

Further to its announcement of Oct. 4, 2017, Petro Matad has provided the timelines and details regarding the planned seismic work program following the signing of the BGP contract, as detailed further below. The 220-km2 3D survey will be the first ever 3D seismic acquired in western Mongolia.

Rosneft, Saipem sign strategic cooperation agreement

Rosneft and Saipem SpA signed a strategic cooperation agreement at the X Eurasian Economic Forum in Verona.

Gazprom Neft begins production of its own drilling oils

Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, has become the first company in Russia to start producing oils for the production of drilling fluids using its own technology.