Russia & CIS ///
Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working capital.
Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year.
A ceremony was held In the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field.
Gazprom Neft has concluded a tripartite Cooperation Agreement with Politecnico di Torino and the Peter the Great St. Petersburg Polytechnic University (Polytech) — the signatories to this document being Vladislav Baryshnikov, deputy CEO for international business development, Gazprom Neft; Vitaly Sergeev, vice-rector for research, the Peter the Great Polytechnic University; and Patrizia Lombardi, pro-rector, Politecnico di Torino.
Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs.
Lukoil has reached another milestone with 10 million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system.
During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.
Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.
Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with OPEC following criticism that it was moving too slowly.
The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures.
Alexander Medvedev has been relieved of his post as deputy chairman of the management committee.
Liebherr's maritime customer service is carrying out an extraordinary modernization project on Sakhalin Energy’s Molikpaq offshore platform off the Russian island of Sakhalin.
Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion).
Lukoil (hereinafter the company) announces the results of the reserves assessment and independent audit as of Dec. 31, 2018.
Global drilling and engineering contractor KCA Deutag has announced that its land drilling operation has won new contracts and contract extensions worth approximately $110 million. These contracts are for onshore drilling in the Middle East, Russia and Africa.
The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region.
Jacques Sapir, Contributing Editor
Russia’s development and the disconnect between oil prices and exchange rates
Dutch offshore service provider Ampelmann has opened a new office in Sakhalin, Russia, in a move to expand its presence in the local market.
Lukoil commenced drilling of new production wells at West Qurna-2 field as part of the second development phase.
As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe).