Russia & CIS ///

Aqualis Offshore secures its first rig inspection deal in the Caspian

Aqualis Offshore has been awarded a one-year service agreement with Petronas Carigali (Turkmenistan) Sdn. Bhd, to conduct drilling rig integrity inspection services for its drilling programs.

China energy firm CEFC defaults after Rosneft deal fails

As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with $4.8 billion of debt and a checkered past said it won’t be able to meet its payment obligation Monday.

Germany brushes aside U.S. objection to Russia gas pipeline link

Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests.

Lukoil completes integrated geophysical model for Denisov license area in northern Russia

Lukoil has built an integrated geological and geophysical model of fields and exploration structures of the Denisov depression in Timan-Pechora oil and gas province.

U.S. threatens sanctions if Nord Stream 2 project proceeds

The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.

Russia's OPEC deal dilemma worsens as idled crude capacity grows

Russia will face a tough choice in talks with OPEC next month as an increasing number of its valuable oil wells lie idle.

Qatar steps in to buy Rosneft stake as China deal collapses

Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9-billion deal to sell a stake in Russia’s state-run oil producer to China’s troubled CEFC Energy Co. collapsed.

GlobalData says Russia’s new oil tax bill promises a big change, but has limited scope

The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company.

Russia stands by OPEC deal even after two months of overproducing

Russia reaffirmed its pledge to an alliance with OPEC, despite two months of breaching its target under a global oil-output deal.

OPEC's reason for sticking with cuts rests on shaky ground

OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.

BP surges to 2010 high as analysts rave about beat, cash flow

MOSCOW (Bloomberg) -- BP Plc analysts praised results which beat estimates thanks to strength in both the upstream and downstream divisions, helping to send the shares to an almost eight-year high.

Rosneft appeals to market with $2-billion buyback, debt cut

Rosneft PJSC plans to start a $2-billion share buyback this year, while also cutting spending and debt.

Lukoil completes installation of wellhead platform topside at Korchagin field

Lukoil has completed the installation of the wellhead platform's topside as part of Yury Korchagin field Phase 2 development in the Russian sector of the Caspian Sea.

Schlumberger gets approval to buy into Russia's biggest driller

Schlumberger Ltd. won preliminary approval to finally complete a three-year-old plan to buy into Russia’s biggest oil driller.

Gazprom seen pumping gas to Europe like it's already winter

The world’s biggest exporter of natural gas is turning up the taps to Europe.

CEFC China may cut half its workers, but Rosneft deal still alive

CEFC China Energy Co. may cut half of its 30,000-strong workforce as the sprawling conglomerate faces increased financial pressures and scrutiny from Beijing, said an official at one of its units.

German $10-billion gas bill shows perks of close Russia ties

Are Berlin’s close energy ties with Moscow paying off?

Gazprom Neft developing new exploration cluster in the Khanty-Mansi Autonomous Okrug

Gazprom Neft has been confirmed as the winner of Rosnedra subsoil licensing rounds for six blocks in the Karabashsky exploration zone, located in the Khanty-Mansi Autonomous Okrug.

Rosneft said to focus on debt in meeting with investors

Rosneft PJSC is trying to persuade investors that it can shrink its record debt burden in an effort to close the valuation gap with some of its rivals.

Oil surges to three-year high as Middle East tensions intensify

Crude in London and New York are at the highest levels since 2014 after U.S. President Donald Trump warned Russia to “get ready” for U.S. missiles to be fired at Syria and Saudi Arabia intercepted a missile over Riyadh.