New drilling rights to Gazprom and Rosneft without auction

The news agency RIA Novosti reports that the Russian government has given Gazprom the rights to drilling operations in a new subsea area in the Barents Sea. Moreover, Rosneft received permission to extract minerals in a new location in the Sea of ​​Okhotsk (part of the Pacific Ocean). The new [...]

NOVATEK’s statement about being listed on US sanction list

In view of the fact that OAO NOVATEK  has been listed on OFAC’s Sectoral Sanctions Identification List, the company published the following statement on Thursday: NOVATEK is a privately listed company not conducting any business activities in Ukraine, nor does it have any impact on the political [...]

Rosneft buys Swiss service company Weatherford for USD 500 million

The Swiss company Weatherford International sells eight operating units to Russia’s Rosneft for 500 million USD, Weatherford says in a press release. The Swiss companies are active in the service industry for oil fields in Russia and Venezuela. Rosneft confirmed the purchase of eight [...]

Russia and Serbia have signed agreement to build South Stream

The realization of the South Stream gas pipeline has entered a new phase after Moscow and Belgrade have signed an agreement, Gazprom-CEO Alexei Miller told to journalists according to the news service Voice of Russia. Russia and Serbia have signed an agreement to build the pipeline and the [...]

Ukraine’s gas debt now at 5.3 billion USD

Ukraine has not paid for gas supplies from Gazprom which the country received in the period 1 to 16 June. The debt amounts to 838 million USD and comes in addition to $ 4.5 billion, which Kiev owed ​​for previous deliveries. The total debt is now at 5.3 billion USD, said Gazprom CEO Alexei [...]

Gazprom postpones demand of pre-payments from Ukraine

Russia has postponed the introduction of advance payments for gas deliveries to Ukraine to June 16. This was announced by the CEO of Gazprom, Alexei Miller, after a meeting between the Russian delegation and the EU Energy Commissioner Günther Oettinger in Brussels. Miller stressed that Russia did [...]
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