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Gazprom Neft, Zarubezhneft to develop hard-to-recover oil reserves in West Siberia

Gazprom Neft, Zarubezhneft to develop hard-to-recover oil reserves in West Siberia

Gazprom Neft and Zarubezhneft have agreed to set up a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra in West Siberia, Russia. In this connection, the two Russian state-owned energy companies have signed a binding agreement, which also calls for developing effective technologies to meet their objective. The […]

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey (JM) has won a methanol technology contract from Technoleasing for the new Amur Oblast facility to be built in Skovorodino, Russia. In this connection, the British specialty chemicals company will offer a license for its combined reforming methanol technology to the 3,000 metric tons per day (mtpd) methanol production plant. Johnson Matthey will […]

Semakovskoye gas field : Gazprom, RusGazDobycha take FID

Semakovskoye gas field : Gazprom, RusGazDobycha take FID

Gazprom and RusGazDobycha have taken a final investment decision (FID) on the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area in Russia. The Semakovskoye field is spread in the waters of Taz Bay with a part of it on land in the Taz Peninsula. Classified as a large gas field, Semakovskoye’s recoverable […]

Syzran Refinery : Rosneft begins production of RMLS 40 marine fuel

Syzran Refinery : Rosneft begins production of RMLS 40 marine fuel

Rosneft said that the Syzran Refinery, which is a part of the refining complex of Rosneft Oil Company in the Samara region in Russia has started production of Residual Marine Low Sulphur (RMLS 40), an environmentally-friendly low-sulphur marine fuel. RMLS 40 is said to be compliant with the IMO requirements, which came into effect since […]

OPEC meeting April 2020 : Countries to cut crude oil production amid COVID-19 crisis

OPEC meeting April 2020 : Countries to cut crude oil production amid COVID-19 crisis

OPEC meeting April 2020 : OPEC and other oil producing nations have reached a consensus on cutting production of crude oil by 10 million barrels per day (mb/d) for the next couple of months owing to the low demand for oil resulting from the recent coronavirus crisis. The countries, which took part in an extraordinary […]

TurkStream gas pipeline project officially launched by Russia and Turkey

TurkStream gas pipeline project officially launched by Russia and Turkey

The TurkStream gas pipeline project, the third pipeline to bring Russian gas to Turkey, has been officially opened by Russia and Turkey in the presence of the Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan. Developed by Russian gas giant Gazprom and Turkish oil and gas company Botaş Petroleum Pipeline, the TurkStream pipeline […]

North Komsomolskoye project : Equinor, Rosneft sanction stage 1 of Russian oil and gas field development

North Komsomolskoye project : Equinor, Rosneft sanction stage 1 of Russian oil and gas field development

Equinor and Rosneft have sanctioned the first stage of the North Komsomolskoye project, which involves the development of the conventional onshore oil and gas field in Western Siberia in Russia. The first stage of the Russian oil and gas project will see the partner aim to unlock a total estimated recoverable volumes of 250 million […]

McDermott wins contracts for two ethylene crackers in Russia

McDermott wins contracts for two ethylene crackers in Russia

McDermott International has bagged a technology contract from Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company (CC7) in Russia for a couple of ethylene crackers. The ethane cracking project is owned by Baltic Chemical Complex, which is a subsidiary of RusGazDobycha. Under the […]

Weatherford bags $67.4m drilling contracts for Russian oil fields

Weatherford bags $67.4m drilling contracts for Russian oil fields

Weatherford International has revealed to have won a couple of contracts with a combined value of $67.4 million for providing drilling services for various Russian oil fields for two major operators. The first contract is for two-and-a-half years, said the US-based oilfield service company. Operations under this contract started in July 2019 and will go […]

Ghasha ultra sour gas project : Lukoil acquires 5% stake from ADNOC

Ghasha ultra sour gas project : Lukoil acquires 5% stake from ADNOC

Russian energy company Lukoil has acquired a 5% stake in the Ghasha ultra sour gas project in the Arabian Gulf, offshore Abu Dhabi, from the Abu Dhabi National Oil Company (ADNOC). The Ghasha ultra sour gas project will involve the development of previously undeveloped deposits of gas, oil and gas condensate across nine shallow fields, […]

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