Offshore Russia News - page 4


Sakhalin Energy Extends Charter for Polar Piltun Crew Boat

Sep 14, 2020

Russian energy company Sakhalin Energy has extended the charter for the Polar Piltun crew boat with a GC Rieber Shipping Russian affiliate.As previously reported, GC Rieber in January said that Sakhalin Energy had awarded it contract extension…

Nord Stream 2 Should Not be Used to Punish Russia, Says German State Leader

Sep 14, 2020

The Nord Stream 2 pipeline from Russia to Germany should not be used to punish Moscow over the poisoning of Kremlin critic Alexei Navalny, the leader of the German state where the pipeline is due to come ashore said on Friday.The Kremlin has…

Sovcomflot Keeps Polarcus' Vyacheslav Tikhonov Vessel for Three More Years

Sep 11, 2020

Russian company Sovmcomflot has decided to extend the charter of Polarcus' Vyacheslav Tikhonov seismic vessel for three years, but might redeliver the Ivan Gubkin vessel back to the Oslo-listed owner.The Vyacheslav Tikhonov, owned by Polarcus…

Merkel Doesn't Rule Out Sanctions on Nord Stream 2 Pipeline

Sep 08, 2020

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.Merkel…

Merkel Under Pressure to End Support for Nord Stream 2 after Kremlin Critic Poisoned

Sep 04, 2020

Pressure mounted on German Chancellor Angela Merkel on Thursday to reconsider the Nord Stream 2 pipeline, which will take gas from Russia to Germany, after she said Kremlin critic Alexei Navalny had been poisoned with a Soviet-style nerve agent…

Rosneft Restarts Kara Sea Drilling After Sanctions Pause

Aug 18, 2020

Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…

Woodside Blocks Lukoil from Joining $4.2B Sangomar Project Off Senegal

Aug 17, 2020

Australian oil and gas company Woodside has blocked Cairn's stake sale in the $4.2B Sangomar development off Senegal to Russia's Lukoil, by exercising its pre-emption rights.To remind, Lukoil in July signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque…

Rosneft Returns to 2Q Profit. Oil output Drops 13%

Aug 14, 2020

Russia's largest oil producer Rosneft made a second-quarter profit of 43 billion roubles after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday.Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin…

Uniper May Have to Impair Nord Stream 2 Loan if Pipeline Project Fails

Aug 11, 2020

German utility Uniper on Tuesday warned it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.'With the U.S. intensifying their efforts on targeted sanctions against…

Rosneft to Cut Salaries at Central Office

Jul 31, 2020

Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…

Sakhalin Energy Starts Maintenance Work at Molikpaq Offshore Platform

Jul 31, 2020

Russian oil and gas company Sakhalin Energy has started seasonal maintenance of its Molikpaq offshore oil and gas platform, at the Russian far east.Sakhalin Energy said Friday that over 300 people, including about 160 maintenance contractor personnel…

Gas Flow Resumes via Nord Stream Pipeline after Maintenance Complete

Jul 28, 2020

Gas flow has resumed via the Nord Stream pipeline in the Baltic Sea, carrying Russian gas to Germany, after completion of annual maintenance works.Nord Stream AG, the company running the pipeline, said this week that all planned maintenance works on the twin-gas pipeline were completed on time…

Global Oil & Gas FIDs Set for Massive Drop in 2020

Jul 24, 2020

Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated.According to Rystad Energy…

Nord Stream 2 Allowed to Use Anchored Pipelayers in Denmark

Jul 06, 2020

Nord Stream 2 AG, Russia's Gazprom-led company building the Nord Stream 2 gas pipeline in the Baltic Sea, has been granted permission from the Danish authorities to use pipelaying vessels with anchors instead of the dynamic-positioning ones…

Gazprom Starts Construction of Arctic Offshore Platform

Jun 26, 2020

Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…

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