EU Energy Watchdog Sanctions Bosnia over Non-compliance with Rules
The European Union's energy watchdog has extended sanctions against Bosnia for another two years over the Balkan country's failure to comply with the body's gas and electricity sector regulations.Bosnia has been sanctioned for much of the…
Russian Pipe-laying Vessel Moors at Nord Stream 2 Hub in Germany
A Russian pipe-laying vessel Academic Cherskiy which Moscow can use to finish laying pipes for the Nord Stream 2 gas project, has moored near the German logistics hub in Mukran, Refinitiv Eikon tracking data showed on Monday.Led by the state gas company Gazprom…
Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract…
US Considering Sanctions Over Nord Stream 2
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent…
Gazprom Finds New Yamal Offshore Fields
Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic meters (bcm), the company said on Friday.The fields are located in the Kara Sea and hold 390.7 bcm and 120.8 bcm respectively, Gazprom said.(Reporting
Nord Stream 2 Launch Facing Delays
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company…
Shell Pursues Exit from Indonesia LNG Project
Royal Dutch Shell is moving to sell its stake in Indonesia's $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal program that has raised more than $30 billion.Shell…
Shell, Eni, Exxon Win Concessions in Egypt
Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell was awarded the most concessions in the tender - thr
Russian Energy Firms Discuss Cooperation Saudi Aramco Chief
The head of Russian oil giant Rosneft, Igor Sechin, and Saudi Aramco Chief Executive Amin Nasser held talks in Moscow on Friday on areas for cooperation, Rosneft said.Rosneft, the world's largest-listed oil producer by output, said in a…
Offshore Cape Three Points Begins Gas Delivery to Ghana
Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni.
Novatek Gas Output Down in 2017
Natural gas output at Russia's largest non-state gas producer Novatek declined by 6.3 percent to 63.39 billion cubic metres (bcm) in 2017, the company said on Tuesday. Production of liquids, such as gas condensate and crude oil, fell by 5.4 percent from 2016 to 11.77 million tonnes last year…
Russian Gas 2017 Exports to Europe at All-Time High
Exports to Europe, Turkey hit 193.9 bcm; production up 12.4 percent to 471 bcm. Russia's gas exports to Europe and Turkey rose by 8.1 percent to a record high 193.9 billion cubic metres (bcm) in 2017, Alexei Miller, head of Gazprom, said in a statement on Wednesday…
Novatek Sells First Yamal LNG Cargo to Petronas
Russia's largest non-state gas producer Novatek has sold its first liquefied natural gas cargo of 170,000 cubic metres from the Yamal LNG project, with Petronas LNG UK Ltd (PLUK) the buyer. Novatek launched loadings from the $27 billion Yamal LNG project on Friday.
Novatek to Acquire Gas Asset from Eurochem
Russia's biggest non-state gas producer Novatek will acquire a gas producing asset from Russia-focused fertiliser producer Eurochem as part of a new strategy, Novatek's head Leonid Mikhelson told reporters on Tuesday. He said that the Russian…
Gazprom Neft: Work Restarted on Prirazlomnoye Platform
Russia's Gazprom Neft, the oil arm of state gas producer Gazprom, restarted work on its Arctic offshore platform Prirazlomnoye on Oct 5 after three months of maintenance, a company executive told Reuters on Monday. Andrey Patrushev was talking…
Gazprom Neft Mulls Paying Interim Dividends
Russia's Gazprom Neft, the oil arm of state gas company Gazprom, is considering paying interim dividends, although no final decision has been made yet, the company said on a conference call with investors on Thursday. Earlier on Thursday…
Novatek Expects 50 pct Capex Growth in 2018, 2019
Russia's largest non-state gas producer Novatek expects capital expenditure to rise by around 50 percent in 2018 and 2019, as it pushes ahead with plans to increase liquefied natural gas production, a company official said on Thursday. Novatek…
EU Nations Back Plan for Talks with Russia Over Pipeline
Thirteen EU nations voiced support on Monday for a proposal to empower the bloc's executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite opposition from Berlin. At an informal debate among EU energy ministers…
GE Wins First Major Deal from Alstom Portfolio, in Romania
General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal to result from its $10.6 billion 2015 acquisition of Alstom's power business. GE will supply all the…
Novatek Aims to Topple Qatar from LNG Top Spot
Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector.
