India's ONGC wants US approval for two projects in Venezuela
Rajarshi Gupta, the managing director of ONGC Videsh Ltd in India, said that the company is looking for U.S. permission to run two projects to increase production in Venezuela. Gupta said that ONGC wants to obtain a license similar to the one granted to U.S. oil giant Chevron for operating oil fields in Venezuela.
Global Crude Market Finds Support From China Demand
China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.China, the world's largest importer of crude…
Novatek Signs LNG Pact with Chukotka
Russia's largest independent natural gas producer Novatek has signed a cooperation agreement with the Government of the Chukotka autonomous area, situated in the Russian Far East.As per the agreement, Novatek will consider supply LNG for use in power generation, and as fuel for transport…
Russia's Rosneft Signs Oil and Gas Deal with China
Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil. That amount is equivalent to 6% of Rosneft's total exports to China in 2017.Crude oil from Eastern Siberia will be transported to a Russian Far East…
Sovcomflot Ups its Role in the Sakhalin-2 Project
Sovcomflot Group (SCF Group) said its fleet will have greater involvement in serving the Sakhalin-2 offshore platforms for Sakhalin Energy Investment Company Ltd. (Sakhalin Energy). SCF Group, Sakhalin Energy and Swire Pacific Offshore have signed several agreements that entail the purchase…
Export Diversification Boosting Gazprom’s Competitivenes
Gazprom's Board of Directors noted that gas exports were essential for Russia's economy and fundamental for the energy cooperation between Russia and Europe. This is evidenced by a more than 45-year history of Russian gas supplies to European consumers. During that time, Gazprom's share…
Gazprom's long-term Gasification Plans for Amur Region
At a meeting held between Alexey Miller, Chairman of the Gazprom Management Committee and Alexander Kozlov, Governor of the Amur Region today the strategic nature of the cooperation between Gazprom and the Amur Region were deliberated on. It was noted that the territory of the region will be crossed by the Power of Siberia gas pipeline…
Gazprom Saves RUB 8 bln on Fuel, Energy
The Gazprom Board of Directors took note of the information concerning the results of the Company's measures targeted at improving energy efficiency and reducing greenhouse gas emissions. It was noted that the Company was taking a systemic approach by implementing energy saving and energy efficiency programs.
Rosneft Production hits 2 mln at Northern Tip of Сhayvo Field
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014. The Northern Tip of Chayvo field is located in the Sakhalin shelf area. Currently, oil at the field is being produced from three extended-reach wells that are about 10 km deep and have the total daily production of more than 6,000 t.
Gazprom Picks Linde for LPG Exports Terminal
Russian natural gas exporter Gazprom has selected Germany's Linde as a partner to build a liquefied petroleum gas (LPG) export terminal in the Russian Far East, a Linde spokesman said. The scale and details of the deal are still being negotiated, he said on Friday. Gazprom has said it…
Production Begins at Sakhalin-1 Arkutun-Dagi Field
Exxon Mobil Corporation has begun production at the Sakhalin-1 project’s Arkutun-Dagi field, the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels, the company said. The field, located off the northeast coast of Sakhalin Island in the Russian Far East…
Oil Spill Response: USCG, CCG & Foss Team
Canadian, U.S. Coast Guards and Foss Maritime coordinate a textbook response operation. Robust response trumps the need for later salvage. In the early hours of Friday, October 17, the crew of the Russian cargo ship Simushir attempted to repair a broken oil heater. On its way to Pevek in the Russian Far East…
Construction of Power of Siberia GTS to Commence
Gazprom informed that the first pipes for the Power of Siberia gas transmission system (GTS) were delivered to Lensk (Yakutia). The first batch consists of 260 1,420-millimeter pipes with a 21.7 millimeter wall thickness and the total weight of some 2.4 thousand tons. The pipes are currently stocked at the temporary storage…
Oil Majors Expand Far North Exploration Projects
Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East, and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square…
