Russia | Egypt Oil & Gas - Part 16

Balticconnector Slashes Gazprom’s Finnish Gas Market Share

Gazprom has lost a third of its Finnish gas market share after the Balticconnector pipeline began operating to import liquefied natural gas (LNG) via the Baltic States, Reuters reported. The pipeline links Finland and...

Lukoil, Gazprom Ink Master Agreement on Field Development

Lukoil and Gazprom signed a Master Agreement to develop Vaneyvisskoye and Layavozhskoye fields in the Nenets region, Russia. The Vaneyvisskoye and Layavozhskoye fields have reserves of 27.4 million tons (mmt) of liqui...

Equinor Buys Onshore Assets in Russia

Equinor has agreed with Rosneft to buy a 49% interest in the limited liability company LLC KrasGeoNaC (KGN) which holds twelve conventional onshore exploration and production licenses in Eastern Siberia. The payment a...

Rosneft Makes New Gas Discovery in Arctic Kara Sea

Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea, S&P Global Platts reported. This gas field, which is located in Vikulovskaya part of the East Prinovozemelsky-1 license a...

Rusneftekhim Increases Concession Fund in YANAA

Rusneftekhim, Russian Oil Company JSC, raised its concession fund in the Yamalo- Nenets Autonomous Area (YANAA), western Siberia. Rusneftekhim has bought five concession blocks in the Shuryshkarsky district of the YAN...

Gazprom Natural Gas Exports to China in excess of Planned Volume

Russian Gazprom company said that it exported natural gas to China by 113.6% of the planned volume in November via Power of Siberia gas trunkline from the Chayandinskoye field, according to press release. Gazprom adde...

NOVATEk Launches First Carbon-Neutral LNG Fuel Station in Germany

Russian NOVATEK Green Energy has launched its first carbon- neutral liquified natural gas (LNG) fuel station in Rostock at Germany, a press release reported. This came as a part of the company’s long-term strategy to ...

Rosneft to Sell Some of Russia’s Brownfields to Local Companies

Sova Capital and BCS brokerages said that Rosneft company plans to sell some of its underperforming oil fields to local companies, according to Reuters. Sova Capital said that Rosneft plans to sell some of its brownfi...

RORC Produces Over 1 MM Tonnes of Euro 6 Gasoline                                     

Ryazan Oil Refining Company (RORC), the largest refining asset of Rosneft, has produced in excess of 1 million tonnes of environmentally-friendly Euro 6 gasoline, according to Neftegaz. The refined products from the r...

Gazprom Sets Record Gas Production at the Leningradskoye Field

Following a set of tests at Gazprom’s Leningradskoye field, the commercial gas inflow reached the heights of 1 million cubic meters per day (mcm/d), according to a press release. These figures represent a record-high ...

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