Exxon in talks for stake transition in Russia’s Sakhalin-1 development
The Sakhalin-1 project’s production declined to 10,000 barrels per day following sanctions by Western nations on Russia.
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Baker Hughes to offload Russian oilfield services business
The deal with the local management team comes months after the company announced its plans to halt investments in Russian…
Russia’s Rosneft begins work on Arctic oil terminal
Located at the Bukhta Sever port, the terminal will comprise 102 reservoirs.
Russia to further reduce gas supplies to Europe via Nord Stream pipeline
From 27 July, the Russian pipeline’s capacity will be reduced to 33 million cubic metres per day.
EU plans to increase gas imports from Nigeria to cut reliance on Russia
Nigeria is planning to reopen the Trans Niger pipeline to enable additional gas exports to Europe.
Germany to rescue gas importer Uniper with $15.3bn bailout
As part of the bailout deal, the federal government will purchase a 30% interest in Uniper.
Russia resumes gas supplies from Nord Stream 1 pipeline
Russia’s Nord Stream 1 pipeline is currently operating at pre-maintenance levels of 40%.
Iran’s NIOC and Russia’s Gazprom sign $40bn oil and gas deal
The two firms will cooperate on the $10bn project to develop the Kish and North Pars gas fields in the…