Russia & CIS ///

Rosneft says Essar takeover is pending final details

Rosneft PJSC, Russia’s biggest oil producer, said it has all but completed its multi-billion-dollar joint purchase of India’s Essar Oil Ltd., expanding its access to the Asian nation’s burgeoning fuel market.

Caspian success sees ATR unveil new facilities, staff in Kazakhstan

ATR, a Centurion company, has opened a new base in Kazakhstan as the company looks to capitalize on recent business growth in the region. The business will initially employ 12 new personnel, 10 of which are local content, with plans to double the team over the next 12 months.

Germany, Austria tell U.S. not to interfere in EU energy sector

Germany and Austria condemned a proposed expansion of U.S. sanctions on Russia, saying the measures sought to bolster U.S. economic interests and included an unacceptable intervention in the region’s energy sector.

Lukoil completes fifth production well at Vladimir Filanovsky field, Caspian Sea

Lukoil has completed the construction and commissioning of the fifth production well at Vladimir Filanovsky offshore field in the Caspian Sea and commenced the construction of the sixth well that is going to be used for water injection.

Gazprom Neft concludes long-term partnership memorandum with Helmerich & Payne

Gazprom Neft has concluded a long-term partnership memorandum on oil and gas projects in Russia with American oil services company Helmerich & Payne International Drilling Co. The document, outlining the terms of the partnership, was signed by First Deputy CEO, Gazprom Neft, Vadim Yakovlev and V.P., Hellmerich & Payne, David Millwee.

Gazprom Neft acquires subsoil usage licence for Parabelsky block

Gazprom Neft subsidiary Gazpromneft-Vostok has acquired the subsoil usage licence for the Parabelsky block, located in the Tomsk Oblast. The licence, for geological prospecting at the block, was awarded by the Subsoil Usage Department for the Central Siberian Okrug and runs to May 10, 2022.

Weatherford, Gazprom Neft enter into technology cooperation agreement

Vadim Yakovlev, the first deputy general director of Gazprom Neft, and Lance Marklinger, president of global sales for Weatherford International, signed a technology cooperation agreement at the St. Petersburg International Economic Forum.

Gazprom Neft to develop digital technologies in conjunction with Skoltech

Gazprom Neft has entered into a Cooperation Agreement with the Skolkovo Institute of Science and Technology (Skoltech), the document having been signed by Vadim Yakovlev, first deputy CEO, Gazprom Neft, and Skoltech Rector Alexander Kuleshov, at the new laboratory at the Institute’s Center for Hydrocarbon Recovery.

Gazprom Neft, Halliburton strengthen cooperation for new technologies

Gazprom Neft has concluded a technological cooperation agreement with Halliburton International GmbH.

BP and Rosneft agree on strategic cooperation in gas business

Rosneft and BP have signed today an agreement on strategic cooperation in gas and a Memorandum of Understanding (MOU) in respect to the sale and purchase of natural gas in Europe.

Lukoil continues construction at Yuri Korchagin field in the Caspian Sea

Lukoil continues the construction of second-stage facilities at Yuri Korchagin field, in the northern part of the Caspian Sea.

Russia can `live forever' with $40 oil as hedge funds baffle

A race to the bottom in oil prices may not have many winners, but Russia is certain it can survive. It’s less sure about hedge funds.

Rosneft director says Russia unlikely to extend OPEC deal again

Russia is unlikely to prolong its supply deal with OPEC beyond the nine-month extension agreed last week, because by then it will have served its purpose, according to a Rosneft board member.

Gazprom Neft, State Marine Technical University partner in technology advancements

Gazprom Neft has signed a strategic partnership agreement with the State Marine Technical University of St. Petersburg. The document is to support their joint development of domestic technologies to develop the Russian Continental Shelf.

Russia-OPEC deal extension hastens decline of oil heartlands

Russia’s deal with OPEC has bolstered state coffers by putting a floor under crude prices, but it’s also depressing output in the nation’s West Siberian oil heartlands.

OPEC and Russia outline vision for permanent oil alliance

OPEC and Russia added more detail to their vision for a permanent alliance between oil producers currently working to clear a global surplus.

Putin, Saudi Prince to meet after oil-supply deal finalized

Russian President Vladimir Putin is to meet with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in Moscow Tuesday after the world’s biggest oil exporters reached a deal to prolong supply cuts for another nine months.

Russia's Novak sees room to do more for oil after OPEC flop

After top oil exporters failed to impress markets with their extended supply cuts, Russia’s Alexander Novak said there’s more they can do.

Gazprom Neft receives approval for investigation, development of Bazhenov formation

The Ministry of Energy of the Russian Federation has approved Gazprom Neft’s application for its project on “Developing Domestic Technologies and High-technology Equipment to Develop Reserves at the Bazhenov Formation” to be awarded the status of a national project.

Halliburton launches drilling operations for Lukoil at Vostochno-Taimyrsky

Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil in early April.