Russia & CIS ///

Russian gas link offshoot taps investors as sanctions swirl

German natural gas network operator Gascade Gastransport GmbH is in talks with investors to raise money for a new pipeline that will carry more Russian fuel directly to Europe.

Gazprom Neft to borrow $2 billion in 2018 in bet on lower rates

Gazprom Neft PJSC, the oil arm of Russia’s natural gas exporter, plans to borrow the equivalent of $2 billion next year, seeing crude markets stabilizing and the country’s central bank continuing to lower rates.

Energy Issues

William J. Pike, World Oil

Producers have recently reacted to stagnant oil prices with announcements of cuts in capital spending.

Topaz Energy & Marine awarded $100-million Dragon Oil contract

Topaz Energy & Marine, a leading offshore support vessel company, has announced a new $100-million contract with Dragon Oil, the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC) whose principal asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

Trump's reboot of sanctions ushers in "new normal" for Russia

As Russia hunkers down for “ decades” of U.S. sanctions, the chill in geopolitics is threatening to turn into a deep freeze for an economy retooling after the crash in oil prices.

Lukoil applies new technique of geophysical surveying in Timan-Pechora

Lukoil has successfully completed a 3D seismic survey at Mishvan area in the Nenets Autonomous District. The company used a survey procedure which had never been used in Timan-Pechora Oil and Gas Province before.

Rosneft's RN-Yuganskneftegaz sets new record for daily output since 1986

RN-Yuganskneftegaz, Rosneft’s largest oil-producing enterprise, has set a new record for crude and condensate daily output since 1986 - 184,549 tons per day.

Gazprom Neft begins production at Otdalennaya fields in the Yamalo-Nenets Autonomous Okrug

Gazpromneft-Noyabrskneftegaz, a subsidiary of Gazprom Neft, has completed the drilling and testing of its first production well at the Zapadno-Chatylkinskoye field.

Saipem seen getting work in Novatek's Arctic LNG 2 project

Italy's Saipem is likely to get a sub-contractor role in a new project to produce liquefied natural gas (LNG) in the Arctic by Russia's Novatek, one of Novatek's partners said.

Schlumberger buy a test of Russia-U.S. ties

U.S. oilfield services giant Schlumberger NV has agreed to buy a 51% share in Russian peer Eurasia Drilling Co. (EDC), in a deal likely to test Russia-U.S. ties.

Schlumberger to acquire majority share in Eurasia Drilling Company

Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.

U.S. fines Exxon Mobil over violations of Russia sanctions

The U.S. Treasury Department on Thursday said it was fining global oil company Exxon Mobil Corp. $2 million for violating sanctions on Russia in May 2014.

CGG donates full software suite to Heriot-Watt’s Petroleum Learning Center in Russia

CGG GeoSoftware has donated a full suite of its software technologies to the Petroleum Learning Center, a joint educational project of Tomsk Polytechnic University in Russia and Heriot-Watt University in Scotland. The donation includes training licenses for each of the software solutions (HampsonRussell, Jason, PowerLog, EarthModel FT, InsightEarth and VelPro) in its product portfolio.

Russian think tank expects oil exports to decline in 2017

A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise.

Rosneft wins auction for Erginskoye license area

Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 billion rubles.

Lukoil reaches production milestone at Vladimir Filanovsky field

Lukoil has reached another milestone with 3 million tonnes of oil produced at Vladimir Filanovsky field in the Caspian Sea.

Jeff Miller shares his vision for Halliburton’s future

In an exclusive interview at the company’s headquarters in north Houston, Halliburton President Jeff Miller, newly named as CEO, visited with Gulf Publishing Vice President Ron Higgins and Editor-in-Chief Kurt Abraham, to outline his thoughts and priorities for the firm’s next few years.

Gazprom Neft, Repsol sign MOU for development in Russia

Gazprom Neft has signed a Memorandum of Understanding with Spain’s Repsol. The Memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in the Khanty-Mansiysk Autonomous Okrug-Yugra. The document was signed by Gazprom Neft CEO Alexander Dyukov and Repsol CEO Josu Jon Imaz.

Hungary commits to Russia gas route as Poland looks to U.S.

Hungary sees a new pipeline for Russian gas as the “only realistic” step toward energy diversification now, Foreign Minister Peter Szijjarto said on the same day Poland used a visit by U.S. President Donald Trump to announce plans to wean itself off fuel supplies from its Soviet-era master.

Russia to continue working with others to harmonize energy markets, Putin says

President Vladimir Putin said on Friday that Russia planned to keep cooperating with other countries to harmonize global energy markets and reduce price volatility.