Offshore Russia News


Ukraine Strips US Firm of Black Sea Exploration Rights

Sep 12, 2019

Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment…

Gazprom Neft Resumes Output at Arctic Offshore Field

Sep 11, 2019

Gazprom Neft, the oil arm of Russian gas giant Gazprom, said on Wednesday it had resumed oil production at the Prirazlomnoye offshore Arctic field on September 7 after planned maintenance.The Prirazlomnoye field was halted on August 8 for maintenance…

Russia: Arctic Offshore Oil Feasible at $130/bbl

Sep 10, 2019

The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…

Russia Open to Private Firms Developing Arctic

Sep 04, 2019

Russia's natural resources and environment minister said on Wednesday he supported allowing private oil and gas companies to work on the Arctic shelf.Speaking to reporters at an economic forum in the far eastern Russian city of Vladivostok, the minister…

New Platform Loaded Out for Vladimir Filanovsky

Jul 15, 2019

UK based heavy lift and transport company ALE said it completed the jack-up, skidding and load-out of an offshore platform for the third development stage of the Vladimir Filanovsky oil field, the largest in the Russian section of the Caspian Sea…

Rosneft Cuts Oil Output

Jul 09, 2019

Russia's largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue.It said Transneft had imposed a 'significant'…

US Considering Sanctions Over Nord Stream 2

Jun 12, 2019

President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel…

Lukoil to Receive 50% in New Caspian Block

May 31, 2019

Russian oil company Lukoil is set to take a 50% stake under an agreement to develop a block on the Caspian sea, Interfax news agency quoted Kazakh state energy company Kazmunaigaz as saying on Friday.(Reporting by Anrdey Kuzmin Writing by Katya Golubkova; Editing by Susan Fenton)

Lukoil 2020 Capex May Exceed $8 Bln

May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies…

Nord Stream 2 Launch Facing Delays

May 17, 2019

Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company…

Lukoil Starts Two Wells in the Baltic Sea

May 16, 2019

Russian oil company Lukoil said it has commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019.The field is operated…

Lukoil Develops Arctic-Friendly Oil Spill Kit

May 08, 2019

Russian oil company Lukoil has been given state approval for its new absorbent and biotechnology-based oil spill response technologies for Arctic regions. Lukoil says the technologies, on which it has taken out nine patents, have been designed…

EU: New Rules Apply to Nord Stream 2

Apr 25, 2019

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc amended its energy…

Russia Signals OPEC Should Raise Output

Apr 08, 2019

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.Dmitriev…

Current News

First Subsea to Cover Formosa 1

Oceaneering Wins Umbilicals Job Off India

Equinor Picks Stowen for Sheringham Shoal

Ørsted Picks Hellenic Cables for UK Projects

Solstad Offshore Sells AHTS Vessel

Van Oord Wins Cable Install Work

An Integrated Offering

ExxonMobil Looks to Sell Australian Assets

Wood Lands Martin Linge Deal

Engineered Polymer Solutions for Offshore

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week