Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
Russia | Egypt Oil & Gas - Part 15
Gazprom’s Q2 Profits Halved YoY
Russia’s state-run gas giant Gazprom has announced a Q2 decline in net income in excess of 50% year on year (YoY).
Novatek Ships First LNG Cargo to UAE
Novatek, Russia’s largest independent oil and gas producer, has confirmed the arrival of the company’s first liquified natural gas (LNG) cargo to the United Arab Emirates (UAE).
Gazprom Neft Sells First Arctic Oil Cargo to China
Russia’s state-run Gazprom Neft has sold its first Arctic oil cargo to China to ChemChina.
Wärtsilä to Equip Integrated Bridge Systems on 5 LNG Carriers
Finish marine manufacturing company, Wärtsilä, has been contracted to deliver a complete bridge systems installation for five icebreaking LNG-fueled tankers for the Arctic LNG-2 project.
Zvezda Shipyard Starts Work on Aframax Tanker
Russia’s Zvezda shipyard has commenced production on another Aframax tanker and the vessel will be named after Nursultan Nazarbayev, the first President of the Republic of Kazakhstan.
Lukoil Implements Oil-Associated Gas Utilization Project
Russian multinational oil corporation, LUKOIL, has implemented an oil-associated gas utilization project at the Sredne-Nazymskoye field in KhMAO-Yugra.
Hungary Signs Deal to Purchase 4.2 bcm From Russia
Hungary has signed a year agreement with Russia’s Gazprom for 4.2 billion cubic metres (bcm) of gas from the period of October 2020 to October 2021.
Poland Signs Contracts Worth $483 MM For LNG Terminal Expansion
Poland has significantly invested in expanding its liquified natural gas (LNG) terminal in Swinoujscie by signing contracts worth $483 million.
Belarus to Import 5.75 MM Tonnes of Russian Oil by Pipeline for Q3 2020
The Belarusian state-petrochemical complex, Belneftekhim, has agreed to import 5.75 million tonnes of Russain oil in Q3 2020.
