Eastern Europe

Gazprom pushes Naftohaz

Russian state-controlled gas monopoly Gazprom has publicly reminded Ukraine’s gas importer and distributor Naftohaz Ukrainy that it should resume direct Russian gas purchases, writes Vladimir Afanasiev.

Red Barricades told to sell off cranes

The privately-held Red Barricades shipyard near the Russian city of Astrakhan has been ordered by a regional arbitration court to sell its two marine loading cranes to cover its debt to Lukoil’s regional subsidiary Nizhnevolzhskneft, writes Valdimir Afanasiev.

Gazprom backs its Baltic LNG project

Russia’s Gazprom has signalled that it wants its long-discussed Baltic liquefied natural gas project to help fulfil its European delivery commitments in the event the company stops exporting volumes via Ukraine after 2019.

Gazprom staves off decline

Russian state-owned giant Gazprom posted flat natural gas production of about 419 billion cubic metres during 2016, as strong European demand amid low prices prevented what many had expected to be further declines in output, writes Vladimir Afanasiev.

Tillerson grilled by US Senate

Former ExxonMobil chief executive Rex Tillerson faced a US Senate committee hearing over his potential Cabinet appointment to the incoming Donald Trump administration on Wednesday as Upstream was going to press, write Caroline Evans and Eoin O’Cinneide.

Rosneft gets two licences

Russia’s subsurface agency Rosnedra has awarded state-controlled Rosneft 25-year exploration and development licences for two blocks in the autonomous Khanty-Mansiysk region in West Siberia, according to Natural Resources & Environmen Minister Sergei Donskoy.

Deal is done for Targin

Russia’s state-controlled Rosneft has finally agreed a long-awaited deal with Moscow-based Sistema to buy control of drilling and well workover contractor Targin.