Russia & CIS ///

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.

Oil-services investors yawn at latest U.S. sanctions on Russia

Investors in the world’s biggest oil-services providers are so far looking past the most punitive round of U.S. sanctions on Russia.

Gazprom Neft establishes new digital innovation center

A new Digital Innovation Center is being established at Gazprom Neft, for the development and implementation of digital technologies in logistics, processing and sales.

Merkel coalition claps back at Trump's attack on gas pipeline

Germany’s governing coalition pushed back against President Donald Trump’s criticism of a gas pipeline with Russia, widening trans-Atlantic tension beyond conflicts over trade and security.

Rosneft completes drilling of first appraisal well in the Black Sea

Rosneft has completed the drilling of the first super-deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area in the Black Sea.

FSU to add 145,000 bpd to global oil supply by 2021, says GlobalData

Analysis of crude oil production in Former Soviet Union (FSU) shows that about $123 billion in capital expenditure (capex) would be spent by FSU on oil projects over the next four years, to ensure that production grows to around 14.2 MMbpd in 2021, according to GlobalData, a leading data and analytics company.

Russia seen needing Ukraine's gas pipelines to Europe after 2019

Russia is going to need Ukraine for natural gas shipments for a while yet.

Oil slips as U.S. shale fears untempered by Russian reassurance

Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to clear a glut despite a pledge from Russia that it’s committed to the curbs.

May seeks alternatives for Russian gas after spy scandal

The spy poisoning scandal in the UK is spilling into energy.

Zoltav Resources provides exploration program update

Zoltav Resources, the Russia-focused oil and gas exploration and production company, is pleased to provide an update on the Company’s exploration program to assess the resource potential of the Carbonian and Devonian structures in the Western fields of the Bortovoy Licence, Saratov.

Siberian chill lifts gas enough to revive LNG trade in Europe

Europe’s liquefied natural gas dry spell may end thanks to a surprising cold snap.

Merkel defends Russian gas link expansion protested by Poland

German Chancellor Angela Merkel threw her country’s weight behind the Nord Stream 2 gas pipeline from Russia, boosting the chances that the controversial link will become reality.

Lukoil reports year-end 2017 reserves estimate

Lukoil announced today the results of the oil and gas reserves assessment and independent audit as of Dec. 31, 2017. According to the SEC (U.S. Securities and Exchange Commission) standards, the Company's proved hydrocarbon reserves totaled 16.0 Bboe, 75% of which were oil reserves.

Hydrawell to execute P&A at Absheron field, in the Caspian Sea

Total E&P Absheron B.V. (Total), acting as operator for and on behalf of a consortium presently composed of Total E&P Absheron B.V. (50%) and Socar Absheron LLC (50%) has tasked HydraWell to execute a part of plug & abandonment campaign at Absheron field, in the Caspian Sea.

OPEC, Russia to discuss new oil-inventory measurements in April

OPEC will soon discuss with Russia a new way to measure oil inventories as producers meet to review their supply-cuts agreement that expires at the end of 2018.

Norway, Russia sent record gas volumes to Europe in 2017, Rystad says

Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 Bcm and 122 Bcm, respectively, in 2017.

Rosneft increased proved hydrocarbon reserves by 6% in 2017

As of Dec. 31, 2017, the Rosneft's SEC (United States Securities and Exchange Commission) proved hydrocarbon reserves achieved 39,907 MMboe. The hydrocarbon reserves increased by 2,135 MMboe or by 6% compared to the reserves at the end of 2016.

Weatherford collaboration software enables single-trip casing exit at Russia's Sakhalin

Weatherford International plc today announced the successful execution of a shallow-angle casing exit in Sakhalin Island, Russia, using the AccuView real-time remote support system.

Poland bets on LNG, Norway gas as divorce with Russia looms

Russia’s oldest natural gas buyer is ready to break up after more than 74 years.

Europe's frozen relationship with Gazprom shows signs of thawing

A rapprochement is emerging between the European Union and its biggest natural gas supplier.