Russia & CIS ///

Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion

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 produces record 171 MMboe

Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year.

Gazprom launches full-scale development in Yamal Peninsula

A ceremony was held In the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field.

Gazprom Neft, Politecnico di Torino and the Peter the Great St. Petersburg Polytechnic University sign cooperation agreement

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.

OPEC+ affirms commitment to oil cuts, defers decision to extend

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 reaches another milestone at Vladimir Filanovsky field

Lukoil has reached another milestone with 10 million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system.

CERA Week 2019 Day 2 - Leadership

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 signs definitive agreements for entry into Arctic LNG 2

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 cuts February output deeper to comply with OPEC pact

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.

Gazprom improving its industrial and environmental safety efforts

The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures.

Gazprom makes big staff changes

Alexander Medvedev has been relieved of his post as deputy chairman of the management committee.

Liebherr modernizes Sakhalin Energy's Molikpaq offshore platform in Russia

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.

Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

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's 2018 proved reserves totaled 101%

Lukoil (hereinafter the company) announces the results of the reserves assessment and independent audit as of Dec. 31, 2018.

KCA Deutag awarded drilling contracts in Middle East, Russia and Africa

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.

EU starts natural gas price war Trump and Putin will love

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.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Russia’s development and the disconnect between oil prices and exchange rates

Ampelmann opens office in Sakhalin, expands its reach in the Russian market

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 begins drilling new production wells at West Qurna-2

Lukoil commenced drilling of new production wells at West Qurna-2 field as part of the second development phase.

Rosneft increased its proven hydrocarbon reserves by 4% in 2018

As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe).