Russia


All posts for Russia

Russia’s transparency hopes dashed with opaque deal: Fuel for Thought

When Russian authorities first announced they would privatize some major state-run assets several years ago, they cited improving the investment climate by increasing transparency and efficiencies among its main goals, but the deal to privatize Rosneft is unlikely to help meet them. In fact the ...

OilVoice Press


Posted 1 day agoOpinion > RussiaRosneft

Recent Russian oil production data confirms delayed compliance from minor producers

Russian oil output averaged 11.11 million bbl/d in February 2017, representing no further output reductions relative to the January 2017 level. Since the early December 2016, the Russian government has been reassuring the industry that the country will reach the production cut target of 300 kbbl/d ...

Julia Weiss


Posted 9 days agoOpinion > Rystad EnergyRussiaCompliance

Tillerson to face further Russia scrutiny this week

Note: Article originally written by Paul Harris, Glacier Media, and posted with permission. Former ExxonMobil CEO Rex Tillerson's track record in Russia will come under further scrutiny this week. Tillerson, who is Donald Trump's nominee for Secretary of State, will begin confirmation hearings w ...

Mark Young


Posted 2 months agoOpinion > tillersonExxonMobilRussia +7

Russia resurgent: Oil sees a turnaround in 2016

The year started poorly for Russia, but it has certainly ended well. In January, the price of oil was moldering — below $30/b on occasion. Given Russia's dependence on oil and gas revenue, the budgetary outlook was bleak. Hillary Clinton was going to be elected as the next president of the United S ...

OilVoice Press


Posted 3 months agoOpinion > PlattsRussia

Volga Gas provide drilling update on Uzen #4 sidetrack

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, announces the following update on its drilling activities on a sidetrack to the Uzen #4 oil well.  Volga Gas has been drilling a sidetrack to its Uzen #4 oil well with the intention of accessing ...

OilVoice Press


Posted 3 months agoPress > Volga GasDrilling updateRussia

The effectiveness and future of Western sanctions on Russia: Fuel for Thought

Western sanctions against Moscow have hurt the Russian economy and restricted some energy projects, but they have failed their main objective of persuading President Vladimir Putin to change his policy in Ukraine. It will continue to have a limited impact unless they are made tougher, the Atlantic C ...

OilVoice Press


Posted 3 months agoOpinion > RussiaPlatts

Glencore announces negotiations to acquire stake in Rosneft

Glencore notes the announcement released by the Russian government regarding the privatization of shares in Rosneft. Glencore confirms that it is in final-stage negotiations regarding a transaction involving the acquisition, as part of a consortium with the Qatar Investment Authority (the Consortiu ...

Katie Woodward - OilVoice


Posted 3 months agoPress > GlencoreRussiaRosneft +1

Exillon Energy announces November 2016 production figures

6 December 2016 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN),a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce unaudited production data for the mo ...

Katie Woodward - OilVoice


Posted 3 months agoPress > Exillon EnergyNovember 2016Production +1

Volga Gas: Production Report for November 2016

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to its average production volumes for November 2016 and for the year to date. During November 2016, gas processing capacity was temporarily reduced while undertaking the testing of ne ...

Katie Woodward - OilVoice


Posted 3 months agoPress > Volga GasRussiaProduction +1

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 3 months agoLink > OPECoil priceRussia

The Russian company SVEZA group will manufacture birch plywood for LNG-carriers

In October 2016, SVEZA Ust-Izhora plywood mill obtained the GTT (Gaztransport & Technigaz)[1]  Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group, a world leader in birch plywood production, has become the first Russian domestic p ...

Marina Sigai


Posted 3 months agoPress > LNG-carriersRussiaKorea +1

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 3 months agoLink > OPECoil priceSaudi Arabia +1

Volga Gas: LPG Project Authorisation

Volga Gas Plc, the oil and gas exploration and production group operating in the Volga Region of Russia is pleased to announce that the Board of the Company has given preliminary authorisation to a project based at the Group's Dobrinskoye Gas Processing plant for the capture, storage and sale of li ...

Katie Woodward - OilVoice


Posted 3 months agoPress > Volga GasLPGRussia

OPEC’s Last Push for Oil-Cuts Deal Shifts Focus to Iran, Russia

OPEC's final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts. The extension of shuttle diplomacy -- including a visit to Tehran from an architect of the September agreem ...

Adam Marmaras - OilVoice


Posted 3 months agoLink > OPECIranRussia