Latest news

Daily (21.01.2020): Crude oil hits the highest level in a week due to supply disruption in Libya

Crude oil prices climbed to their highest level in more than a week on Monday, due to a halt in the crude production at two large Libyan oilfields after forces loyal to commander Khalifa Haftar closed a pipeline, bringing back the focus on supply risks.

read more... 21/01/2020


Equinor to extend the life of Statfjord field towards 2040

Norwegian oil and gas company Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040.

read more... 09/01/2020


Gazprom Neft produces its 12-millionth tonne of oil at its Prirazlomnoye field

The 12-millionth tonne of ARCO (Arctic-blend) oil has now been produced and shipped from Gazprom Neft’s Prirazlomnaya offshore platform, delivered by the Kirill Lavrov ice-class shuttle tanker to the Kola Bay, where the Umba storage tanker is harboured, and from where it will be shipped, in standard batches, to Europe.

read more... 03/01/2020


Gazprom ups Kruzenshternskoye gas field reserves

Russian giant Gazprom said the amount of Kruzenshternskoye’s field’s total gas reserves went up by 22 percent from 1.64 trillion to 2 trillion cubic meters.

read more... 02/01/2020


Norway and Russia to invest in oil and gas project in Siberia

Norwegian state oil company Equinor and Russia's Rosneft will invest in the first stage of the development of North Komsomolskoy, a conventional oil and gas field in western Siberia, it was reported here.

read more... 24/12/2019