Russia replaces foreign gas turbine technology with its own high-capacity, Russian-developed gas turbine
The Russian government has developed its own alternative technologies to Western technology that it cannot import. Vladimir Putin inaugurated the new unit of the Udarnaya Power Station in southern Russia via video link, during a ceremony broadcast on state television on Wednesday night. Putin stated…
Rosneft CEO blasts high taxes, Rosneft's H1 earnings are up 27% year-on-year
Rosneft, Russia's biggest oil producer, said that its net income for the first half of this year rose by 27% compared to last year. Sales also increased. Company chief Igor Sechin referred to rising taxes as "destructive". The revenue for the period January to June was 5.174 trillion roubles. This is an increase of 33.4% compared to the previous year.
Russia evacuates another border area amid increasing threat from Ukrainian units
After Kyiv increased its military activities near the border, just days after the biggest incursion by the Ukrainians into Russian sovereign territory since the beginning of the 2022 conflict, Russia evacuated parts in another area next to Ukraine. Ukrainian forces crossed the Russian border in the early…
Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel.Commenting on the proposal, which was reportedly put forward by Prime Minister Fumio Kishida…
Sechin to Stay at Rosneft's Helm for 5 More Years - Vedomosti
The Russian government has extended a contract for Igor Sechin, a close ally of President Vladimir Putin, to stay as the chief executive officer of giant oil producer Rosneft for five more years, Vedomosti daily reported on Wednesday.The daily, citing three people familiar with the situation, said the…
Venezuelan Oil Exports Rose in April
Venezuela's oil exports ticked higher in April after falling in March to their lowest average in seven months, helped by new trading partners that were re-selling cargoes in Asia, according to documents from state-run PDVSA and vessel tracking data.Venezuela shipped 31 cargoes of crude and refined products last month carrying an average of 848…
Empty Tankers Depart Venezuela; Sanctions Cancel Cargo
Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on Saturday after the cargoes were canceled due to sanctions, according to Refinitiv Eikon data and a document from Venezuelan state-run oil firm PDVSA.The vessels…
Russia Leads E&P Race in Arctic Region
Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region…
Russia Says Nord Stream 2 Will Be Ready in Months
Russian Prime Minister Dmitry Medvedev said on Monday that the Nord Stream 2 gas pipeline would be completed in a matter of months and U.S. sanctions imposed on the project last week would not be "catastrophic".Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S.
Green Group Asks Cosco to Avoid HFO in Arctic
Clean Arctic Alliance has sent its second letter to Cosco, in which the NGOs urge the Chinese liner company to make public what fuel types its vessels use in the Arctic.Responding to reports that the 190m-long COSCO-owned cargo vessel Tian’en is due to arrive in the Swedish port of Gävle on August 18…
Jereh Builds 10 LNG Fuelling Stations in Russia
Chinese oil and gas company Jereh has announced that it has won a contract to construct 10 new LNG fueling stations in Russia.According to a statement from the company, it won the bid for 10 LNG fueling stations in Russia, which is believed to be the biggest order for LNG fueling within Russian market…
Russia's Novak: Not Aware of any Eni Withdrawal from Rosneft Projects
Russian Energy Minister Alexander Novak said on Wednesday he was not aware of any decision by Italy's ENI to suspend its involvement in any Rosneft projects.Earlier on Wednesday, Interfax news agency reported that the two oil majors were discussing the terms of a suspension of their joint hydrocarbon projects in the Barents Sea, citing an unnamed Russian government officia
Russian Government May Introduce Licenses for Fuel Exports
The Russian government may introduce licenses for fuel exports to tackle possible shortages on the domestic market and cool down prices, a source familiar with a meeting between the government and oil producers said on Wednesday.Earlier in the day, the government held a meeting with the oil producers to discuss the current situation on the domestic fuel market as prices fo
Rosneft to Invest $690 Mln in German Downstream
Russia's Rosneft, which owns downstream assets in Germany including stakes in a number of oil refineries, plans to invest around 600 million euros ($690 million) in the German downstream market, Russian government documents showed on Thursday.Reporting by Vladimir Soldatkin Writing by Katya Golubkova
US Energy Regulator Wants More Disclosure of Cyber Attacks
The U.S. government on Thursday asked power generators to disclose more information about cyber attacks amid growing concern that foreign hackers could disrupt the electric grid.The Federal Energy Regulatory Commission (FERC), an energy industry regulator, called for the power industry's regulating body…
Russia Lifts Gas Re-export Ban for Serbia
Russia has dropped the requirement for Serbia to consume its gas only on the domestic market, a Russian government document published on Monday showed, allowing the Balkan state to re-export the fuel. The concession was made ahead of a meeting between Russian President Vladimir Putin and his Serbian counterpart Aleksandar Vucic in Moscow on Tuesday.
Putin Okays Loading Start at Yamal LNG
President Vladimir Putin on Friday launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic, which will further expand Russia's global energy reach. The Yamal project, which required investments of $27 billion, will allow Russia to fulfil a plan to double its share of the global LNG market by 2020 from around 4 percent now.
U.S., European Energy Sector Hacked
Advanced hackers have targeted United States and European energy companies in a cyber espionage campaign that has in some cases successfully broken into the core systems that control the companies' operations, according to researchers at the security firm Symantec. Malicious email campaigns have been used to gain entry into organizations in the United States…
Russian Think Tank: Oil Exports to Decline in 2017
A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that…
Rosneft Files Lawsuit Against Sistema
Russian oil major Rosneft filed a lawsuit on Tuesday seeking 106.6 billion roubles ($1.87 billion) from business conglomerate Sistema over assets Rosneft says were removed from oil company Bashneft, Russian news agencies reported. Rosneft bought a controlling stake in Bashneft last year from the Russian government in a multibillion-dollar deal.
