Russia ///

Russia plans to show OPEC+ compliance by excluding a key metric

For the first time in Russia’s alliance with OPEC, the country is changing the way it makes oil-production cuts.

Gazprom Neft establishes digital development JV for Russian, global markets

The development strategy for the new joint venture is aimed at addressing the challenge of digitally transforming the oil and gas sector through the application of Industry 4.0 technologies.

Equinor and Rosneft move forward on Western Siberia field development

Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.

U.S. sanctions on Nord Stream 2 pipeline target subsea construction vessels

Sanctions aimed at blocking the Nord Stream 2 natural gas pipeline from Russia to Germany were included by U.S. lawmakers a must-pass defense bill, according to two people familiar with the legislation.

OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.

OPEC+ clamping down on members exceeding production quotas

OPEC+ is poised for a debate about lax implementation of oil-production cuts in Vienna this week, with Russia asking to discuss a rule change that would exclude some of its oil production from the group’s quota.

Russia set to overshoot oil quota yet again ahead of OPEC+ talks

Russia, OPEC’s largest ally in a deal to cut oil production, is once again failing to keep its side of the bargain.

Total finally offloads tainted Russian oil shipment

A cargo of contaminated Russian oil was sold at a discount of more than $25/bbl to benchmark crude prices, six months after the consignment first got loaded onto a tanker.

ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

The Ghasha mega-project is expected to produce over 1.5 Bcfd of natural gas by around 2025.

ADNOC links up with Russian Energy Agency to explore collaboration opportunities

Under the terms of the agreement, ADNOC and REA will jointly explore opportunities for collaboration in relation to Abu Dhabi’s exploration and production concessions.

Gazprom tallies gas production, infrastructure progress in eastern Russia

Gazprom reports preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline, among several other eastern Russia gas projects.

Novatek eyes LNG cargo transfers should tanker sanctions last

Russia’s biggest liquefied natural gas producer expects to be able to mitigate any impact should U.S. sanctions on China prevent it from using a third of its fleet.

Bentec wins Russian contract for seven 320t cluster slider drilling rigs

Bentec has signed a multi-million euro contract with the drilling division of INK-Service Group for the manufacture of seven latest-generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s Irkutsk Oil Company.

After the Saudi attack, are Russia and Saudi Arabia still pumping too much oil?

This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.

ADNOC CEO, Russian energy minister meet to explore collaboration potential

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC and Alexander Novak, Minister of Energy of the Russian Federation met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its entire value chain.

Poland wins bid to reduce Russian control of EU gas pipeline

Poland successfully challenged a European Commission decision that allowed Gazprom PJSC to use most of the capacity on the Opal pipeline in Germany. That link in turn carries fuel from the Baltic Sea Nord Stream pipeline, a key part of the Moscow-based company’s plans to avoid shipping its fuel across Ukraine.

Gazprom building partnership to realize LNG as marine fuel

Gazprom is exploring development of LNG-powered vessels and associated support, interacting with potential consumers from among shipping companies, building infrastructure for LNG bunkering, and creating an up-to-date legal and regulatory framework for the use of LNG as a motor fuel.

Russia’s LNG ambitions advance with multi-billion export plans

Russia took a step closer to becoming a dominant player in the global liquefied natural gas market as two of its biggest energy companies advanced plans to export the fuel from its remotest corners.

Putin’s budget has lowest break-even oil price in over a decade

Oil prices may be recovering, but Russian President Vladimir Putin isn’t taking any chances, running a budget that balances at the lowest crude price in more than a decade.

Equinor and partners log Barents Sea discovery

Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 MMboe.