Russia ///

Total's Yamal LNG has started Train 3 twelve months ahead of schedule

On the occasion of the inauguration of Train 3 of the Yamal LNG project in the presence of the Prime Minister of Russia Dmitry Medvedev, Total announces the start of liquefied natural gas (LNG) exports from the third train of the Yamal LNG project in Russia.

Russia to curb output in small increments as Saudis cut faster

Russia played a big part in making possible a new OPEC+ deal to curb production, but initially it’s letting Saudi Arabia shoulder the bulk of actual cuts.

Saudi Arabia juggles Iran and U.S. shale to deliver OPEC deal

Saudi Arabia’s energy minister emerged from days of heated OPEC talks joking that he wasn’t an easy man to be friends with.

Primed-to-pump shale will take OPEC cut but no longer needs it

U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it.

OPEC agrees on larger-than-expected production cut

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.

Oil rises as OPEC+ talks continue in hunt for production deal

Russian Energy Minister Alexander Novak met with his Iranian and Saudi counterpartsin an attempt to broker a deal as an agreement among OPEC members to curb output remained elusive.

OPEC talks end without oil-cuts deal as Russia holds back

OPEC ended talks without a deal on oil production cuts for the first time in nearly five years as Russia flexed its muscles by so far refusing to commit to the big output curb that Saudi Arabia is demanding.

Lukoil and Kazmunaygas establish a consortium on Zhenis project, Caspian

President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan's sector of the Caspian Sea.

OPEC waits on Putin's decision as it searches for production cut deal

OPEC meets on Thursday but the most important decision maker will spend the day a thousand miles away.

OPEC+ recommends oil cuts, but no deal yet on size of curbs

Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be.

Opinion: Qatar leaving is an ominous sign for OPEC

The immediate question raised by Qatar leaving OPEC is, of course, what to call this? Qatarexit, or even Qatexit, sound wrong. Qatar-ta-for-now has a nice ring to it, even if it’s a tad unwieldy. Maybe just go with Qatout.

Saudi minister says premature to say if OPEC+ to cut output

Three days after Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman sent crude prices surging with an agreement to extend cooperation on oil, the kingdom’s top energy official made clear that the terms of a deal remain unresolved.

Oil jumps most since June on Saudi-Russian Pact, trade war truce

Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.

Putin says Russia, Saudi Arabia will extend OPEC+ oil pact

Russia and Saudi Arabia agreed to extend into 2019 their deal to manage the oil market, known as OPEC+, although Moscow and Riyadh have yet to confirm any fresh output cuts.

Rosneft and Chinese Hengli Group signed a cooperation agreement, that includes E&P projects

Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, CEO, Rosneft Oil Company, and Chen Jianhua, president of Hengli Group.

Oil rebounds as Russia said to be willing to join OPEC output cuts

Oil prices bounced back to $51/bbl in New York, erasing an earlier loss, after a report that Russia accepts the need to cut production in conjunction with OPEC.

Russia reduces oil output ahead of talks with Saudi prince

Russia’s oil output in November fell from near-record levels as President Putin prepares to meet Saudi Crown Prince Mohammed bin Salman this week ahead of OPEC+ talks in Vienna.

Saudi-Russia oil alliance faces big test as prices crash

The most powerful partnership in the global oil market, which rescued the industry from a deep slump, faces its toughest test yet.

Gazprom Neft implements 2030 digital transformation strategy

Gazprom Neft’s board of directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies.

Saudi oil minister suggests Kingdom's output reaches a record

Saudi Arabia is producing oil in excess of 10.7 MMbpd, more than in recent years, Energy Minister Khalid Al-Falih said, giving the strongest indication yet that the kingdom has boosted output to record levels.