Russia & CIS ///

Ascent Resources has been approved to install processing plant at Petišovci, Slovenia

The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency (ARSO) that it has again approved the permit application (IPPC) for the installation of a processing plant at Petišovci, that the Company and its Slovenian partners originally submitted in June 2014, subject to any further appeal.

Weir, Azerbaijan State Oil and Industry University sign knowledge-sharing MoU

Weir Oil & Gas has announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920.

Lukoil has concluded Zhenis block's exploration and development in Kazakhstan

PJSC LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea.

Lukoil appoints Sergey Kochkurov as V.P. , names additional leaders

Lukoil has made changes in its leadership team.

Gazprom names Oleg Aksyutin as deputy chairman

A number of changes have taken place in the composition and functions of the Gazprom leadership.

Russian production cuts raise crude to best first quarter since 2002

Futures rose as much as 2.4% in New York on Friday before paring some of those gains. Russia deepened its output cuts and Energy Minister Alexander Novak said he will discuss their extension a day after it was reported Russia had been considering letting them lapse in September.

Gazprom Neft, Schlumberger develop cooperation agreement in well-logging technology

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging. The document was signed by Vadim Yakovlev, first deputy CEO, Gazprom Neft, and Sergey Slyusenko, managing director, Gazpromneft-Noyabrskneftegazgeofizika and Gokhan Saygi, president of Schlumberger RCA.

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).