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News // Economy

Rosneft signs agreement with Japan on offshore oil production

Rosneft and a consortium of Japanese companies signed a Heads of Agreement in relation to cooperation on the joint exploration, development and production of the hydrocarbons at a license block in an offshore zone of Russia.

16 December 2016 , 18:44Neftegaz.RU9340

Novatek inks Japan LNG MoUs

Mitsubishi, Marubeni and Mitsui sign co-operation deals with Novatek, with at least one for Arctic 2 LNG project, reported the russian company on December 16, 2016.

16 December 2016 , 14:13Neftegaz.RU7540

OMV and Gazprom agree basic swap terms

Austrian producer OMV and Russian monopoly Gazprom have agreed the elements of a cash-free asset swap transaction, but not yet signed the agreement, OMV said December 14, and that is expected to happen today.

14 December 2016 , 18:00Neftegaz.RU6040

Japanese banks and J.P. Morgan to provide € 800 mln credit facility to Gazprom

The Japanese Mizuho Bank and Sumitomo Mitsui Banking Corporation, as well as the american J. P. Morgan will grant a loan to Russia’s state-run gas firm Gazprom in amount of  €800 million.

13 December 2016 , 10:06Neftegaz.RU5230

China declines to react on Indo-Russian gas swap proposal

China today refused to comment on a proposal being pushed by India and Russia to swap natural gas between the countries, including Myanmar, saying it was not aware of the details and preferred to know the reactions of other parties involved.

09 December 2016 , 18:00Neftegaz.RU6740

Belarus makes advance payment for Russian natural gas

Belarus has made an advance payment for Russian natural gas deliveries.

09 December 2016 , 10:06Neftegaz.RU5210

Shell: World markets longing for Iran’s return

Vice President at Royal Dutch Shell says the global oil market is longing for Iran’s return to international arenas.

08 December 2016 , 10:07Neftegaz.RU7840

Asian Development Bank extends financial support to Azerbaijan´s Shah Deniz gas field

An estimated $1 billion in assistance will help Azerbaijan develop its flagship Shah Deniz complex in the Caspian Sea, the Asian Development Bank said.

07 December 2016 , 16:21Neftegaz.RU6280

Russia’s Central Bank sticks to oil price forecasts

Еhe central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that saw international oil benchmarks pass the US$50 barrier and stay above it for a week now.

07 December 2016 , 10:07Irina SlavNeftegaz.RU6040

Lukoil: $60 oil price to be dominant in 2017

Lukoil expects that in 2017 oil prices will be around $60 per barrel, said Vice-President of Lukoil Leonid Fedun.

05 December 2016 , 12:53Neftegaz.RU6540

Russia and Belarus said to be close on resolution over gas prices

Russia and Belarus are said to be close to solving a dispute over gas prices.

30 November 2016 , 15:32Neftegaz.RU4720

How Iran and Russia are locking step on oil

A Russian delegation visiting Tehran on November 19, 2016, signed a handful of agreements to work with an Iranian oil company, said Gholam-Reza Manouchehri, the deputy managing director of the National Iranian Oil.

21 November 2016 , 00:00Daniel J. GraeberNeftegaz.RU12280

Profits for Russian oil giant Rosneft tumble

Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 %.

14 November 2016 , 10:11Daniel J. GraeberNeftegaz.RU5170

Rosneft sells 20% stake in siberian subsidiary to Beijing gas

Rosneft, the mostly state owned Russian energy company, signed a binding agreement with China's Beijing Gas on November 7 to sell a 20% stake in an eastern Siberian subsidiary, Verkhnechonskneftegaz.

08 November 2016 , 10:05Neftegaz.RU5810

Tough pricing won't secure sales, study warns Gazprom

The European Union’s gas supply mix will change fundamentally but it will remain in a strong strategic position.

28 October 2016 , 12:11Mark SmedleyNeftegaz.RU5570

Kazakhstan´s KazTransGas and European Bank for Reconstruction and Development unite on energy efficiency

KazTransGas will join forces with the European Bank for Reconstruction and Development in energy efficiency.

27 October 2016 , 18:00Neftegaz.RU6070

Russia expecting more oil investments

Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said.

27 October 2016 , 14:12Daniel J. GraeberNeftegaz.RU5510

More red ink for Baker Hughes

Oilfield services provider Baker Hughes on Tuesday posted a wider net loss for the third quarter of 2016, when compared to prior-year quarter, due to impairment charges.

26 October 2016 , 10:09Neftegaz.RU4850

Moody's raised its outlook on the bank system for oil-rich Russia

Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable.

24 October 2016 , 17:27Daniel J. GraeberNeftegaz.RU5120

Belarus-Tatarstan trade now on the rise

The main areas for the growth of economic cooperation between Belarus and Tatarstan include industry, construction and innovation.

19 October 2016 , 12:11Neftegaz.RU5280

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