Gazprom and RusGazDobycha have taken a final investment decision (FID) on the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area in Russia. The Semakovskoye field is spread in the waters of Taz Bay with a part of it on land in the Taz Peninsula. Classified as a large gas field, Semakovskoye’s recoverable […]
Rosatom announced that the 70MW Akademic Lomonosov floating nuclear power plant (Akademic Lomonosov FNPP) in the Russian Far East has entered fully commissioned. According to the Russian state-owned nuclear energy company, the floating nuclear power plant began generating electricity to the isolated grid of the Chaun-Bilibino energy center of Chukotka in December 2019. Since then, […]
Rosneft said that the Syzran Refinery, which is a part of the refining complex of Rosneft Oil Company in the Samara region in Russia has started production of Residual Marine Low Sulphur (RMLS 40), an environmentally-friendly low-sulphur marine fuel. RMLS 40 is said to be compliant with the IMO requirements, which came into effect since […]
OPEC meeting April 2020 : OPEC and other oil producing nations have reached a consensus on cutting production of crude oil by 10 million barrels per day (mb/d) for the next couple of months owing to the low demand for oil resulting from the recent coronavirus crisis. The countries, which took part in an extraordinary […]
Swedish vegetable oils and fats producer AAK has acquired a 75% stake in Russia-based NPO Margaron, which produces margarines, spreads, and bakery and confectionery fats. The financial details of the deal were not disclosed. Margaron has been a toll manufacturer to AAK for more than 10 years and had recorded 2019 revenues of nearly SEK […]
The TurkStream gas pipeline project, the third pipeline to bring Russian gas to Turkey, has been officially opened by Russia and Turkey in the presence of the Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan. Developed by Russian gas giant Gazprom and Turkish oil and gas company Botaş Petroleum Pipeline, the TurkStream pipeline […]
Equinor and Rosneft have sanctioned the first stage of the North Komsomolskoye project, which involves the development of the conventional onshore oil and gas field in Western Siberia in Russia. The first stage of the Russian oil and gas project will see the partner aim to unlock a total estimated recoverable volumes of 250 million […]
McDermott International has bagged a technology contract from Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company (CC7) in Russia for a couple of ethylene crackers. The ethane cracking project is owned by Baltic Chemical Complex, which is a subsidiary of RusGazDobycha. Under the […]
Weatherford International has revealed to have won a couple of contracts with a combined value of $67.4 million for providing drilling services for various Russian oil fields for two major operators. The first contract is for two-and-a-half years, said the US-based oilfield service company. Operations under this contract started in July 2019 and will go […]
Italian renewable energy company Enel Green Power has broken ground on the 201MW Kolskaya wind project in Russia, which will come up in the Murmansk region with a total investment of nearly €273 million. The Kolskaya wind farm, owned by Enel Russia, is said to be the largest wind project presently under construction beyond the […]