Petrofac eyes Russian expansion via Gazprom deal
Petrofac has signed up to a strategic partnership with Gazprom, with the aim of establishing itself in Russia.
Gazprom
Russia offers to ease Europe’s gas crisis, with strings attached
With winter fast approaching and a stunning energy price surge pummelling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
European demand sparks Russia, US supply interest
Europe has “made mistakes”, Russian President Vladimir Putin said on October 6 during talks with his energy officials.
Woodside set to benefit from China’s energy crisis
Analysts expect Australian liquefied natural gas (LNG) supplier Woodside (ASX:WPL) to benefit as China faces a severe winter of energy shortages, with primary energy demand surging to a 10-year high.
OGA chairman accuses Russia of ‘using energy supplies as a weapon’ over gas price crisis
The chairman of the Oil and Gas Authority (OGA) has levelled an accusation at Russia over its role in the gas price crisis.
Gazprom warns of a gas-short winter for Europe
Europe may break new record gas prices, Gazprom head Alexey Miller has warned, noting under supplied gas storage facilities in the region.
Gazprom completes Nord Stream 2, signs LNG EPC deal
Gazprom has confirmed that it has completed construction of the Nord Stream 2 gas pipeline, while also moving ahead with plans for a new LNG plant.
Nord Stream 2 loses case to have EU pipeline rules waived
Nord Stream 2 AG, the controversial gas pipeline project owned by Gazprom, lost a German court fight to sidestep European Union rules separating production from transportation, a decision that may delay the start of the operations.
Climate talk overtakes ‘growth’ on fossil fuel conference calls
The world’s biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.
Gazprom plans Libya production boost following restart
Gazprom EP International has restarted production in Libya, where it works with Wintershall Dea.
Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Severstal balances domestic demand with international option
Russia will remain the heart of Severstal’s focus for the near term, but uncertainty around the timing of a contract with Gazprom has encouraged international growth.
Plexus looks to ‘signs of recovery’ despite revenues taking a nosedive
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Wintershall, NOC finally complete Sarir shift
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
Wintershall Noordzee develops third Sillimanite well
Netherlands-based Wintershall Noordzee has completed the third development well at the Sillimanite field in the southern North Sea.
Oil project approvals to recover and exceed pre-Covid levels from 2022
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
Upbeat boss says Nucore ‘still has plenty on the go’
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
Wintershall Noordzee overcomes Covid to tap new southern North Sea well
Russo-German firm Wintershall Noordzee has overcome Covid-19 to start production from a second well at the Sillimanite gas field in the southern North Sea.
NOCs to slash over a quarter of exploration budgets on average in 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Wintershall Dea hits first gas at UK-Dutch North Sea field
Wintershall Dea has achieved first gas at the Sillimanite field, a development stretching across the UK and Dutch sectors of the North Sea.
ExxonMobil labelled ‘explorer of the year’ as global discoveries reach four-year high
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Russia Readies New Gas Link to Europe in Defiance of US
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
Russia and Ukraine reach agreement on gas transit to Europe
Russia and Ukraine have agreed to continue sending gas through Ukraine to Europe for five years.
Wintershall reaches Libya deal
Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
Russia Opening Giant Gas Link to China as Putin Pivots East
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.