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Novatek completes Arctic LNG 2 fleet formation

Novatek, Russia’s largest independent natural gas producer, has signed long-term charter deals for six Arc7 ice-class LNG tankers.

read more... 29/10/2020

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Russia’s Crude Oil Exports Drop 8% In January-August

Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews.

read more... 29/10/2020

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Daily (23.10.2020): British front-month gas prices hit fresh 2020 highs on Thursday amid unplanned Norwegian outages

Crude oil futures climbed on Thursday amid hopes for a new coronavirus aid package and a drop in U.S. weekly jobless claims. Prices also found support after Russian President Vladimir Putin said that he would be ready to extend oil output cuts in the face of the Covid-19 pandemic. Hence, Brent crude for December delivery soared by 73 cents, or 1.8%, to settle at $42.46 a barrel. Meanwhile, WTI crude gained 61 cents, or 1.5%, to end at $40.64 a barrel.

read more... 23/10/2020

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Russian Oil Companies Plan Significant Drilling Cuts For 2021

Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent, according to the chief executive of a major oilfield service provider.

read more... 16/10/2020

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Russia’s InterRAO to invest $580m in gas turbine venture with GE

Russian energy holding company InterRAO reportedly plans to invest $580m (RUR45bn) in a gas turbine joint venture with General Electric.

read more... 02/10/2020

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