Domestic demands and Aramco’s IPO
Saudi Arabia is pushing ahead with the much-watched IPO of the mainstay of its economy, Aramco, although with somewhat diminished aspirations.
Gazprom
Plexus narrows losses as ‘reset and rebuild’ plan shows promise, but shares sink 12%
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Petrofac hails start of gas injection for TurkStream project
Energy services firm Petrofac has hailed the start of gas injection for a giant project to deliver energy from Russia to Turkey.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Stats eyes multi-million pound Russian deal on back of Sakhalin pact
A north-east technology firm has entered into a pact expected to lead to the award of a multi-million pound deal for pipeline work in Russia’s Far East.
Plexus Holdings narrows losses to £2.3million
Depreciation costs, corporation tax and discontinued operations have led to heavy losses for Aberdeen-based Plexus Holdings.
Plexus partner seals Gazprom drilling deal
Aberdeen-based oil well technology firm Plexus Holdings said today that its Russian licensee had clinched its first major contract to supply gas exploration equipment to Gazprom.
Russia looks to hydrogen as way to make gas greener for Europe
Russia is looking at how to develop a market for hydrogen in Europe, a move that would help maintain demand for one of its primary exports as governments everywhere work to cut pollution.
Gazprom buys well abandonment systems from Aberdeen firm
Aberdeen oilfield technology firm Plexus has sold two sets of well abandonment equipment to its Russian partner for the construction of shallow water exploration gas wells on the Kara Sea Shelf.
Naftogaz says London court froze Gazprom’s UK assets
Ukraine and Russia have clashed again, with Naftogaz serving Gazprom with an order to freeze assets in England and Wales.
As Trump riles Europe on trade, Putin offers more natural gas
As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.
Gazprom profit jump keeps markets guessing about dividend hike
Gazprom PJSC’s profit jumped to the highest in three years as natural gas sales to Europe surged.
Russia tightens grip on Europe’s gas supply with Gazprom deal
Russia’s natural gas export monopoly is set to expand its position as the dominant fuel supplier to Europe after a deal between the two resolved a seven-year-old anti-trust dispute.
UK ‘turning blind eye’ to Putin’s ‘dirty money’, MPs warn
Ministers have been accused by MPs of risking national security by "turning a blind eye" to the Russian "dirty money" flowing through the City of London.
Denmark kicks out big oil and gas firms
35 of the world’s biggest oil and gas firms were given their walking papers yesterday as the Danish pension, PKA, exerted its influence.
Amid rise of Russian and Chinese reactors, Perry fights to keep U.S. nuclear sector alive
Russia and its nuclear power company, Rosatom, have inked deals this year to develop nuclear plants in Bangladesh, Argentina, Congo and Mongolia. China is working on projects in the United Kingdom and Pakistan. South Korea, Japan and France also are seeking to export nuclear power technology to developing nations hungry for energy.
Gas crisis eases in U.K. as National Grid says more supplies flowing
The natural gas crisis eased in the U.K. as the nation’s pipeline manager said more supplies were flowing after a blast of Arctic air lifted demand for heating and electricity.
Chief who built Gazprom’s trading empire leaves
The executive who spent more than a decade turning a Gazprom PJSC unit into a global energy trader has left the company.
Gazprom says Austria gas blast isn’t a reason to pick on Russia
Europe shouldn’t overreact to the shock to natural gas markets caused by an explosion earlier this month in Austria, according to Gazprom PJSC.
Russia begins production on second liquefied natural gas plant
Russia today began production from the Yamal LNG project, the country's second liquefied natural gas (LNG) plant.
Adipec 2017: Abu Dhabi welcomes oil glitterati to bumper event
A host of oil and gas business leaders are lined up to attend at the 20th and largest edition of the Adipec conference, which gets under way in Abu Dhabi tomorrow.
Gazprom and Delek confirm agreement for Israel natural gas
Gazprom and Delek Drilling today signed a Memorandum of Understanding for the Israeli natural gas market.
Gazprom knocks ExxonMobil off top spot in S&P’s annual rankings
Russian oil giant Gazprom has replaced ExxonMobil at the summit of S&P Global Platts’ top 250 global energy company rankings.
Gazprom dampens hopes for dividend boost as ruble hurts profits
Gazprom PJSC’s profit slumped in the last quarter, cooling the prospect of an increased dividend from the world’s largest natural gas producer.