Russia ///

Proposed U.S. sanctions could impact Russian gas exports

New Russia sanctions proposed by members of the U.S. Congress could hinder the development of natural gas export pipelines.

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.

France joins U.S. in questioning gas pipeline backed by Merkel

In a last-minute announcement, France agreed to back a European Union proposal creating hurdles for a controversial natural-gas pipeline, rejecting an appeal by German Chancellor Angela Merkel’s government.

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.

Russia’s January oil output cuts come below Novak’s estimate

Russia’s crude producers removed their first 42,000 bpd from the market in January under the OPEC+ output-cut agreement.

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).

OPEC’s output drops the most in two years

OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.

Saudi, Russian energy ministers cancel planned Davos meeting

Saudi Arabia and Russia will no longer hold oil talks in Davos this week, scrapping the first face-to-face meeting since both nations agreed in December to cut output.

Turkey ship strait delays stalling dozens of oil tankers

Oil tankers exporting Kazakh and Russian crude from ports in the Black Sea are contending with spiraling delays when navigating Turkey’s key shipping straits, stalling the delivery of millions of bbl of supplies to refineries on the Mediterranean Sea.

Russia aims to speed up oil output cuts as Saudis criticize pace

Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.

Oil gains as Russia, Saudis signal commitment to production cuts

Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut.

Permian boom holds good news and bad news for OPEC

The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014.

Russia eyes island storage for Arctic LNG amid China demand boom

Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs.

Russia starts gradual oil output cuts as OPEC+ deal kicks in

Russia is gradually reducing oil production in line with the OPEC+ deal and is on track to get about a fifth of the way toward its pledged cut this month.

Lukoil has confirmed Eridu field geological model

Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq.

German support for Russian gas pipeline wanes

Support in Germany for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Trump starts to bite.

Record Russian output putting pressure on natural gas markets

European natural gas prices look set to fall for the first time in four years in 2019 as buyers keep a close eye on flows from Russia that reached a record last year.

OPEC+ caps prove no barrier to record Russian output in 2018

Russia’s oil production reached a post-Soviet high last year even as it coordinated supply with OPEC.

Novatek initiates crude oil production in the Russian Yaro-Yakhinskoye field

PAO Novatek has announced the launch of commercial production of crude oil at the Yaro-Yakhinskoye field developed by Arcticgas, a joint venture between Novatek and Gazprom Neft.