Russia | Egypt Oil & Gas - Part 15

NOVATEK Joins Arctic Economic Council

NOVATEK company announced that it has formally joined the Arctic Economic Council (AEC), a press release announced. Leonid Mikhelson, NOVATEK’s Chairman of the Board of Directors, noted that the company’s joining to t...

TATNEFT Adopts Science-Based Targets to Reduce GHG Emissions

TATNEFT company announced that it will develop and adopt science-based targets to reduce greenhouse gas (GHG) emissions and decarbonization within two years, according to a press release. This came in terms of interna...

PAO Novatek, Nuovo Pignone Sign Agreement for CO2 Emission Reduction

PAO Novatek, a subsidiary of Novatek, has signed a cooperation agreement with Nuovo Pignone, a part of Baker Hughes Company, aiming at reducing carbon dioxide CO2 emissions, Novatek’s statement announced. Accord...

LUKOIL, Gazprom Discuss JV Establishment

The President of LUKOIL, Vagit Alekperov; and Chairman of the Management Committee of Gazprom, Alexey Miller, have discussed the progress in establishing a joint venture (JV) to implement the project of developing Van...

Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

Saudi Arabia, the largest oil exporter in the world, kept its ranking as the number one oil supplier for China during 2020, beating Russia, Reuters reported quoting data from the Chinese government. Despite COVID-19, ...

Cryogas-Vysotsk Produces First 1 MMT of LNG

Russian Novatek company announced that its joint venture with Gazprombank, Cryogas-Vysotsk, has produced the first 1 million tons of liquified natural gas (LNG) since the launch of the project in 2019, according to a ...

Russia Increases Oil Production to 10.19 mmbbl/d in January

Russia has increased its oil production by 150,000 barrels per day (bbl/d) to reach 10.19 million barrels per day (mmbl/d) during the fist half of January after easing the output curbs by the global producers, sources...

Gazprom Starts Gas Supplies to Serbia Via New Route

Russian Gazprom company announced that it started to supply natural gas to Serbia, Bosnua, Heregovina from January 1st via a new route across Turkey and Bulgaria, a press release reported. Russia is transmitting gas b...

LUKOIL Ramps up Oil Production by 35 mmt

Russian oil and gas company, LUKOIL, produced 35 million tons (mmt) at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. LUKOIL drilled the new production wells in 2020 producing over 7 mmt, ...

Gazprom to Restart Mothballed Oil Wells in Siberia

Gazprom Neft will increase its oil output by restarting mothballed oil wells in West Siberia and remain within the agreed output volume set by the Organization of the Petroleum Exporting Countries and its partners (OP...

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