Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have…
Russia's annual oil production rose by more than 2% last year thanks to the easing of output cuts by the OPEC+ group of leading oil producers after a pandemic-induced decline in 2020, data showed on Sunday.Russian oil and gas condensate output rose to 10…
A fire at a secondary unit at an oil refinery owned by Rosneft in Russia's far eastern city of Komsomolsk-on-Amur has been contained, a spokesman for the refinery said on Tuesday.The blaze has not caused any injuries and the incident would not have an impact on production plans…
Norwegian oil and gas firm Equinor has increased its presence in the Russian onshore oil and gas assets, and has pulled out from offshore commitments in the Sea of Okhotsk on the Russian Far East.In an agreement with the Russian oil company Rosneft…
The world's two largest oil exporters, Russia and Saudi Arabia, are in talks on how to support volatile oil markets, the Kremlin said on Monday as rising coronavirus infections worldwide curb fuel demand.An OPEC+ ministerial monitoring committee…
Dutch shipbuilder Royal Niestern Sander has ordered Schottel thrusters for what has been described as the world's first shallow-draught ice-breaking walk-to-work vessel, targeted for operation at the Russian Far East.Under the order from a joint…
Norwegian offshore and shipping firm GC Rieber Shipping has secured a two-year contract extension for the icebreaker Polar Pevek with Exxon Neftegas at the Russian Far East.The vessel is operating off Sakhalin Island, in far-east Russia. It…
Russian energy company Sakhalin Energy has extended the charter for the Polar Piltun crew boat with a GC Rieber Shipping Russian affiliate.As previously reported, GC Rieber in January said that Sakhalin Energy had awarded it contract extension…
Russian company Sovmcomflot has decided to extend the charter of Polarcus' Vyacheslav Tikhonov seismic vessel for three years, but might redeliver the Ivan Gubkin vessel back to the Oslo-listed owner.The Vyacheslav Tikhonov, owned by Polarcus…
Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…
Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…
Russian oil and gas company Sakhalin Energy has started seasonal maintenance of its Molikpaq offshore oil and gas platform, at the Russian far east.Sakhalin Energy said Friday that over 300 people, including about 160 maintenance contractor personnel…
Russian oil and gas company Novatek has said it has shipped the first cargo of liquefied natural gas (“LNG”) from its Yamal LNG project to Japan transported eastbound via the Northern Sea Route.The LNG cargo was delivered by the 299 meters long…
Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.This week, Gazprom Neft said it had sent 144,000 tonnes of light Novy Port oil grade to the Chinese…
Russia's Gazprom is committed to supply as much as 130 billion cubic meters of gas (bcm) to China annually in the longer term, a company official told a conference call on Tuesday.Gazprom currently supplies gas to China via the Power of Siberia…
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