Russia & CIS ///

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.

Petro Matad inks drilling contract with Sinopec in Mongolia

Petro Matad, the AIM quoted Mongolian oil explorer announces that further to the press release on May 31, 2017, a comprehensive drilling contract has now been signed with Sinopec International Petroleum Service Mongolia Co. Ltd. (Sinopec) and that the initial drilling targets have been selected.

Trump to promote U.S. gas exports in Russia's backyard

President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs.

Gazprom Neft establishes JV with Repsol in Khanty-Mansiysk Autonomous Okrug

Gazprom Neft PJSC has acquired a 25.02% stake (with the right to increase this to 50%) in Evrotek-Yugra. Evrotek-Yugra, owned by Spain’s Repsol, holds exploration and production rights to seven license blocks in the Khanty-Mansiysk Autonomous Okrug.

Russia's Rosneft set for global gas tussle with Gazprom

Russia's Rosneft, the world's top listed oil producer, wants to supply gas in parts of Europe where Gazprom is not present - or Moscow risks losing the market to U.S. liquefied natural gas (LNG), a Rosneft executive said.

Russia sticks to conservative $40 oil forecast for 2018 budget

The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years, relying mainly on domestic borrowing to finance the deficit in order to preserve its rainy-day funds.

Rosneft finds first oil field offshore eastern Arctic

Russia's largest oil producer Rosneft said on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western sanctions.