Greenpeace activists this (Tuesday 27 May) morning boarded two oil rigs in an attempt to disrupt their planned deployment to areas within the Arctic Circle. A group of 30 activists in the Dutch port of IJmuiden occupied the GSP Saturn…
Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts. The agreement…
Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with drilling service provider Commonwealth of Independent States Eurasia Drilling Company Limited (EDC). Under the terms of this agreement…
OAO Yamal LNG closed on a contract to supply China National Petroleum Corporation (CNPC) 3mtpa LNG annually for 20 years from the Yamal LNG project in the Russian Arctic, according to Yamal LNG majority shareholder OAO Novatek. CNPC bought…
Calgary-based Sterling Resources issued its 1Q results today, reporting US$20.5million revenue attributable to production from the Breagh gas field in the UK North Sea, and expenses of $2.6 million during the quarter. The average expected…
Following almost two decades of negotiation, Russia and China have agreed a deal to supply 38 billion cubic meters (bcm) per annum of gas from Gazprom's East Siberian fields into China via the Power of Siberia pipeline. Details on pricing…
JSC Yamal LNG awarded Technip a major engineering, procurement and construction for the 16 mtpa-capacity Yamal LNG project in Russia, the French company announced 15 May 2014. Technip said it has been involved in planning, engineering and…
GAC Russia is upgrading its supply base at the port of Novorossiysk to support offshore oil & gas exploration and extraction in the Black Sea. GAC Russia has already signed contracts to provide supply base support for operations from Novorossiysk on the northeastern Black Sea coast…
Rosneft's President and Chairman of the Management Board Igor Sechin met with Fu Chengyu, Chairman of China Petroleum and Chemical Corp (Sinopec) in Beijing today, 15 May 2014. Rosneft reported that the parties discussed a wide range…
MultiClient Geophysical (MCG) has announced an extension of the multi-client 2D (MC2D) Barents Super-Tie towards the east into the newly opened Barents South East (former Disputes Zone between Norway and Russia). The new lines will tie…
Western Europe will continue to rely on imported Russian gas into the 2020s, as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention…
Siemens Energy has received an order to deliver customized direct electrical heating (DEH) power supply systems for ten subsea flow lines, with an option for two additional systems. The customer is BP Exploration and all the systems are…
In early April, Rosneft and ExxonMobil began aerial gravity-magnetic surveys over offshore blocks in the Yuzhno-Chukotsky licence area in the eastern Russian Arctic to establish the subsurface structure of the field. As part of a framework agreement…
The US Department of the Treasury issued sanctions against seven Russian government officials and 17 entities on 28 April. Among those officials listed was OAO Rosneft President and Chairman of the Management Board Igor Sechin. These…
Sakhalin Energy Investment Company (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have signed a contract for construction and long-term operation of a multifunctional icebreaking supply vessel for the Sakhalin-2 offshore platforms…