Russia & CIS ///

Gazprom Neft partnership developing Russia's first integrated IT platform for seismic data

Specialists from the Gazprom Neft Science and Technology Centre, in partnership with Yandex Terra (LLC Seysmotek), Pangea PJSC and the Moscow Institute of Physics and Technology (MIPT) are developing Russia’s first integrated platform for the processing and interpretation of seismic data, supporting the entire seismic-survey cycle, from objective setting to project completion.

Gazprom discusses cooperation with Cuba Energy Ministry, highlights success with Bolivia

A working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Luis Alberto Sanchez, Minister of Hydrocarbons and Energy of Bolivia, took place today at the seventh St. Petersburg International Gas Forum.

Gazprom, CNPC, KazMunayGas partner on natural gas infrastructure

Vitaly Markelov, deputy chairman of the Gazprom Management Committee, Huang Weihe, vice president of PetroChina (under a power of attorney on behalf of CNPC), and Daniyar Berlibayev, executive vice president for transportation, processing and marketing of KazMunayGas, today signed a Memorandum of Understanding at the 7th St. Petersburg International Gas Forum.

Gazprom Neft partners with Saudi Aramco on oilfield technology development

Gazprom Neft has signed a memorandum of cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil and gas industry. Signatories to the document were Alexander Dyukov, CEO of Gazprom Neft, and Amin H. Nasser, President and CEO, Saudi Aramco.

Saudis say Russian cooperation “breathed life” back into OPEC

Cooperation between Saudi Arabia and Russia has “breathed life back into OPEC” and made the kingdom’s oil minister more optimistic about the outlook for the market than he has been for several years.

Oil edges higher as Saudi-Russia encounter reassures oil bulls

Oil rose the most in a week as the world’s biggest oil exporters, Saudi Arabia and Russia, signaled continued cooperation on efforts to erode a global crude glut.

Gazprom Neft discovers new offshore field in Okhotsk Sea

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has completed drilling of a prospecting and appraisal well at its Ayashsky license block, located on the continental shelf of the Okhotsk Sea. As a result, a new hydrocarbon field has been discovered, with initial in-place reserves estimated at 255 million tonnes of oil equivalent (MMtoe).

Gazprom Neft, Thailand's PTT partner on Russian E&P operations

Gazprom Neft and PTT, Thailand’s largest oil and gas company, have signed a memorandum of understanding (MoU), promoting mutually-beneficial cooperation between the two companies. The document was signed by Alexander Dyukov, CEO of Gazprom Neft, and Tevin Vongvanich, president of PTT.

Russia's Lukoil, Iran's national oil company partner in Persian Gulf, South Caspian

A Lukoil a wholly-owned subsidiary, Lukoil-Engineering, and the National Iranian Oil Company, signed a memorandum of understanding. ​

Hungary’s Russian gas imports still rising

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Peter Szijjarto, minister of foreign affairs and trade of Hungary, took place today at the Energy Efficiency and Energy Development International Forum 'Russian Energy Week' in Moscow.

Oil steadies as OPEC pact may endure through next year

Oil steadied near $50/bbl in New York as Russian President Vladimir Putin said the agreement with OPEC to stabilize global markets could last through to the end of next year.

Leaving oil pact `not an option' for Saudi, Russia

OPEC and its partners, including Russia, need to extend their oil-production cuts for at least three more months to keep crude prices at current levels, according to UBS Group AG.

Gazprom Neft begins pilot development of Achimov deposits

Gazpromneft-Yamal, a subsidiary of Gazprom Neft, has begun pilot oil production from the Achimov deposits at its Severo-Samburgskoye oil field (in the Purovsky District, Yamalo-Nenets Autonomous Okrug).

Turkey warns Iraq's Kurds it can `close the valves' on oil exports

Turkey can choose to “close the valves” on oil exports from Iraq’s Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted Monday in a referendum on independence from Iraq.

Burisma Group deploys most powerful drilling rig in Ukraine

Burisma Group, an international energy group with assets in Ukraine, purchased a U.S. drilling rig SK 3000 with load capacity of 680 tonnes. The 3,000-HP drilling rig, produced by Service King Manufacturing, Inc., was brought into operation in May 2017 at the well No. 6 of the Vodyanovske field (Kharkiv region).

Russia remains open to longer output cuts with OPEC, but mulls exit plan

Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal wasn’t open ended.

Gazprom Neft begins development of its Otdelnoye oil field

Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz has brought its Otdelnoye field located in the northern part of the Surgut District of the Khanty-Mansiysk Autonomous Okrug-Yugra, 70 km from Novosibirsk, into commercial production. Two production wells are currently in operation at the field, with total production running at 170 tonnes/day.

Petro Matad announces postponed drilling campaign in Mongolia, CEO search

Petro Matad, the AIM quoted Mongolian oil explorer has provided an operational update.

Gazprom Neft begins full-scale hydrocarbon prospecting of pre-Jurassic deposits

Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast. Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent geological prospect, investigations into which demand the modification of traditional prospecting methodologies.

Azerbaijan, co-venturers sign amended PSA for Azeri, Chirag and deepwater Gunashli

The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of Gunashli field (ACG) in the Azerbaijan Sector of the Caspian Sea.