Gas flow has resumed via the Nord Stream pipeline in the Baltic Sea, carrying Russian gas to Germany, after completion of annual maintenance works.Nord Stream AG, the company running the pipeline, said this week that all planned maintenance works on the twin-gas pipeline were completed on time…
Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated.According to Rystad Energy…
Nord Stream 2 AG, Russia's Gazprom-led company building the Nord Stream 2 gas pipeline in the Baltic Sea, has been granted permission from the Danish authorities to use pipelaying vessels with anchors instead of the dynamic-positioning ones…
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…
Russian oil company Lukoil has kicked off drilling operations at the Shirotno-Rakushechnaya prospect structure, in the Caspian Sea.The well is located to the north of the V.I. Grayfer field, and sits in a water depth of 5 meters. Lukoil is using the Astra offshore rig…
Nord Stream 2 (NS2), the company for building a transport link for Russian gas into Germany under the Baltic Sea, on Friday said a departing top manager had already been replaced, allowing progress of the project.Earlier, the consortium confirmed…
Sakhalin Energy, the international operator of a pioneering liquefied natural gas (LNG) plant in eastern Russia, said on Thursday authorities have extended its oil and gas production licences, which were due to expire in 2021, for five years…
Russia's Sakhalin-2 liquefied natural gas (LNG) plant has started maintenance work set to last for just over a month at one of the plant's two lines, the company said on Monday.Sakhalin Energy had originally planned for work to be done on both lines at the same time…
Dutch offshore crew transfer specialist Ampelmann will deliver an ice-strengthened gangway for the recently ordered, Russia-bound, shallow draft ice-breaking walk to work vessel.As previously reported, Dutch shipbuilder Niestern Sander, with compatriot vessel-owner Wagenborg Offshore…
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…
Russian oil and gas companies Gazprom and RusGazDobycha have reached a final investment decision for the development of the Semakovskoye gas field in the Taz Bay in Yamal-Nenets Autonomous Area.The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula…
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters…
Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…
After a tender procedure, Dutch shipyard Royal Niestern Sander and a joint-venture between Russia's Mercury Sakhalin and Pola have signed an agreement for the construction of the world’s first shallow draft ice-breaking walk to work vessel. After delivery in December 2021…
Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…