Gazprom has agreed to buyout its South Stream Transport partners Eni, Wintershall and EDF just weeks after the project, which was already in construction phase, was cancelled. South Stream Transport was owned 50% by Gazprom, with Eni holding 20%…
Russian gas giant Gapzrom is to work with state-owned RUSNANO, a nanotechnology technology commercialization outfit, to develop new technologies and help substitute imported products into Gazprom's production facilities. The firm has also signed agreements with Russian pipe manufacturers…
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…
ExxonMobil received consent from the Petroleum Safety Authority Norway (PSA) to use the West Alpha semisubmersible drilling rig on the Balder field, in the central North Sea. The West Alpha. From North Atlantic Drilling…
Saipem received a 'notification of suspension of marine spread activities,' which covers all vessels currently engaged in activities related to Gazprom’s South Stream pipeline project, including the Saipem 7000 J-Lay vessel. Image…
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age…
The ExxonMobil-Rosneft joint venture Karmorneftegaz SARL notified Norway's Siem Offshore that it has terminated Siem's contract for the 2015 season. The contract involves the charter of two AHTS vessels Siem Topaz and Siem Amethyst, and one PSV Siem Pilot…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here’s how the experts answered…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region…
South Stream Transport, the company charged with overseeing the planning, construction and operation of the South Stream pipeline is ready to start construction on the most complicated part of the project, Gazprom says. Once built, South…
South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) yard ordered a total of 54 Wärtsilä Corp. dual fuel engines to power 172,600cbm icebreaking LNG carriers. The icebreaking LNG carriers…
Rosneft has concluded seismic data acquisition on the East-Siberian-1 Block in the offshore area of the East Siberian Sea. The company carried out the seismic data survey independently with R/V Orient Explorer, with the amount of 2D work totaling 2000km…
How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…
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