Russia & CIS ///
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, chairman of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow.
Russia’s deal with OPEC on crude supply is starting to look straightforward -- when compared with looming decisions on how taxes will be levied on the nation’s oil industry into the next decade.
Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 MMbpd.
Add Kazakhstan to the list of oil producers whose supply is restricted.
Brent crude gained in London as OPEC ministers were said to agree upon a deal in principle to boost production.
Rosneft PJSC’s said crude at $70 to 80/bbl was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week before talks that could phase them out.
Lukoil completed the construction and commissioned the third well at the second development stage of Vladimir Filanovsky field in the Caspian Sea.
Armelle Lecarpentier, CEDIGAZ
In 2017, global natural gas demand’s above-average growth reshaped market fundamentals and prevented the development of a global natural gas bubble. Meanwhile, global natural gas consumption doubled its 2016 growth rate, and it was well ahead of the previous five-year trend.
As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.
The Science and Technology Center of Gazprom Neft and the Skolkovo Institute of Science and Technology signed a collaboration agreement at the Skolkovo Startup Village — the largest startup-conference in Russia and CIS for technology entrepreneurs. The parties have agreed on the further development of joint research and innovation/entrepreneurship activity.
Caspian Sunrise identifies, in aggregate, 121 m of potential oil-bearing intervals in drilling the 801 sidetrack in Kazakhstan.
Gazprom Neft’s revenue in the first three months of 2018 grew by 14.5% year-on-year, to RUB 520.6 billion. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 32.3% year-on-year, to RUB 155.8 billion.
Sliding oil prices are eroding the buffers that helped Russia withstand the emerging-market retreat.
President of PJSC "Lukoil" Vagit Alekperov and Chairman of the Management Committee of PJSC "Gazprom" Alexey Miller have signed an Agreement of Intent at the Saint-Petersburg International Economic Forum.
Russia’s natural gas export monopoly is set to expand its position as the dominant fuel supplier to Europe after a deal between the two resolved a seven-year-old anti-trust dispute.
Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table.
Aqualis Offshore has been awarded a one-year service agreement with Petronas Carigali (Turkmenistan) Sdn. Bhd, to conduct drilling rig integrity inspection services for its drilling programs.
As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with $4.8 billion of debt and a checkered past said it won’t be able to meet its payment obligation Monday.
Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests.
Lukoil has built an integrated geological and geophysical model of fields and exploration structures of the Denisov depression in Timan-Pechora oil and gas province.