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02.06.2015
Naimi says Saudi oil strategy working, sees stronger demand
Saudi Arabia's oil minister Ali al-Naimi said he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the kingdom's strategy of defending market share was working. More»
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01.06.2015
Norway surpasses Russia as top gas supplier
For the first time since 2012, Norway has surpassed Russia as the largest supplier of gas to Western Europe. More»
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01.06.2015
SPE Russian Petroleum Technology Conference - Registration Open!
Society of Petroleum Engineers is pleased to announce that registration for SPE Russian Petroleum Technology Conference is open. More»
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29.05.2015
Russia, Venezuela Agree Massive $14bn Investment Deal
President of Venezuela Nicolas Maduro says his country has reached an agreement with Russia, which will see investment of $14 billion in the oil and gas sector over the next few years. More»
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28.05.2015
Gazprom and pipe companies to go on jointly developing and adopting innovations
Alexey Miller, Chairman of the Gazprom Management Committee held another meeting on innovations in the Russian pipe industry at the Volga Pipe Plant headquarters (city of Volzhsky, Volgograd Region). More»
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27.05.2015
OAO Varioganneft implements the program for sidetracking technology introduction
Well 4152 was put into operation early in May at Varioganskoye field with a daily production rate of 65 tons of oil after application of the sidetracking technology. More»
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26.05.2015
Terneftegas launches the Termokarstovoye field
AO NOVATEK announced that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field into commercial production. More»
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25.05.2015
Rosneft Sets Another Drilling Speed Record
Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. More»
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21.05.2015
Gazprom, Lukoil in Arctic alliance
The two companies will support each other in bids for offshore projects and together counter the power of Rosneft. A key part of the cooperation will unfold in the Barents Sea. More»
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20.05.2015
Rimera's Izhneftemash Plant Hits Latin American Market
Izhmeftemash plant, part of Rimera Group, has shipped a batch of DP 70 pump jacks worth in total more than $4,000,000 to Venezuela. More»
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