Russia | Egypt Oil & Gas - Part 51

Norway Overtakes Russia as Western Europe’s Top Gas Supplier

Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit.

Egyptian-Russian Forum to Expand on Business and Energy Cooperation

The forum, taking place 25-26 May, will be attended by the ministers of industry and trade from both countries

After Deepwater Horizon Disaster, BP’s Strategy Shits to the East

As 2011 dawned, BP was desperate to turn the page. For nine months, the crisis-stricken oil major had been weathering the US fallout from the Deepwater Horizon disaster, which killed 11 workers and caused the largest ...

Ukraine’s Naftogaz Pre-Pays Russia’s Gazprom with $32m for Gas

Ukraine's state-run gas company Naftogaz has transferred $32 million (20 million pounds) to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said on Monday.

Turkey to Re-Link Italy and Russia Gas Plans

OAO Gazprom revived a deal with Saipem SpA to build a gas link through the Black Sea, which was suspended after Russian President Vladimir Putin scrapped the South Stream pipeline to Europe last year.

Russian Company Acquires Remaing Solimoins Oil, Gas Fields in Brazil’s Amazon River Basin

Russia’s Rosneft oil and gas company has acquired the remaining shares of Brazil’s Solimoins oil and gas fields in the Amazon River basin, Rosneft announced Monday in a statement.

EU Hopes to Reduce Energy Dependence on Russia with US Help

The European Union is increasing pressure on Washington to include an energy chapter in a planned trans-Atlantic trade deal that would allow U.S. exports of natural gas and oil and reduce the bloc’s dependency on Russia.

Russia Seeks EU Support for Gas Pipeline Crossing Turkey

Russian Foreign Minister Sergei Lavrov has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe.

Serbia Seeks to Join Turkish Stream Pipeline Project

Serbia is ready to sign onto the Turkish Stream pipeline project, the country's Minister of Foreign Affairs Ivica Dacic said Friday, according to local news reports.

Russia Invites India to Extract Oil, Gas from Arctic Shelf

Moscow plans to invite companies from India to jointly extract oil and gas from Russia's Arctic shelf deposits, Kremlin aide Yuri Ushakov said Wednesday.

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