State-controlled energy giants OAO Gazprom and OAO Rosneft will divide up Russia’s oil and gas-rich seabed evenly, the financial newspaper Vedomosti reported Monday, a step that would leave foreign oil companies with a minority role at most.
While the move has not been officially backed by President Vladimir Putin, the paper said, it would be in [...]
Russia’s technical standards agency said on Monday it had approved a drilling programme by BP’s Russian venture TNK-BP at the Kovykta gas field, but the decision is unlikely to ease state pressure on the project.
RosTekhNadzor, a part of the Ministry of Natural Resources, said it had approved the plan of Rusia Petroleum, the TNK-BP subsidiary [...]
Mikhail Prokhorov returned to his office at Norilsk Nickel headquarters on Monday, his spokesman proclaiming that his four-day detention by the French police on suspicion of pimping was a “regrettable misunderstanding”.
While that may very well be the case for the French, what Russian rivals of Prokhorov will now understand about the scandal could be regrettable [...]
Gazprom, the world’s largest producer of natural gas, and Russia’s largest enterprise, has disclosed that it is considering a plan to explore for gas and oil in Equatorial Guinea.
A Gazprom spokesman told Mineweb that Gazprom’s deputy chief executive, Alexander Medvedev, was in Equatorial Guinea this week, and met the President, the Minister of Power, and [...]
A dispute between Belarus and OAO Gazprom that threatens to interrupt gas supplies to the European Union next week may lead to a more integrated EU energy policy and greater diversification of energy sources.
Gazprom changed a June demand that Belarus pays four times more for its gas next year into a request this week [...]
Russian natural gas monopoly Gazprom has joined the Sakhalin-2 oil and gas project by pledging to acquire a 50 percent stake plus one share in the project, Gazprom chief executive Alexei Miller said on Thursday.
Gazprom will acquire its share in the project, worth 7.45 billion U.S. dollars, by partially buying the stakes of three foreign [...]
Norwegian petroleum companies Statoil and Norsk Hydro elbowed into the global fray for oil Monday with a plan to form a state-controlled giant that would be the world’s largest offshore oil producer.
Statoil said it was acquiring the oil and natural gas operations of its smaller rival in a $30-billion deal largely motivated by their drives [...]
Royal Dutch Shell chairman Jeroen van der Veer has proposed new terms to Russian natural gas monopoly Gazprom to enter the 20-billion-US-dollar Sakhalin-2 oil and gas development, a Gazprom spokesman said Monday.
Spokesman Sergei Kupriyanov said in remarks carried by the news agency Interfax that Shell had offered a “number of proposals” concerning Sakhalin-2, a massive [...]
Austria’s OMV Gas, which entered Turkey’s energy market by purchasing 34 percent of Petrol Ofisi (PO) for $1.05 billion, is also interested in the country’s natural gas import.
Werner Auli, the company’s executive board director, said they started preparations for such an investment after the market had been liberalized.
While the company remains undecided about what [...]
Japan, dependent on imports for 99 percent of its oil and gas, may turn to Iraq and Indonesia after it lost control of Iran’s biggest untapped field.
Prime Minister Shinzo Abe’s government promised this week to invest in Iraq’s shattered energy industry in the hope that Japan will be able to tap the world’s third-largest [...]
