Eastern Europe

Yerginskoye on horizon

Russia’s Minister of Natural Resources & Environment, Sergei Donskoy, has reiterated a pledge made last year to auction the last remaining significant oil find in West Siberia.

Russian dispute is ended

State-controlled Russian oil producer Rosneft and pipeline player Transneft have made peace after a recent dispute over tariffs, writes Vladimir Afanasiev.

Allseas wins pipe prizes

Swiss marine construction specialist Allseas has had major new pipelaying assignments worth several billion dollars in total confirmed by Russian gas monopoly Gazprom, writes Vladimir Afanasiev.

Rosneft profit slides

Russian state-controlled oil giant Rosneft reported this week that its net profit for 2016 declined by 49% to 181 billion rubles ($3 billion).

Ukraine gas output down

Ukraine’s Energy Ministry has reported a small drop in the country’s gas production in January to 1.72 billion cubic metres, with a decline of 2% reported by the country’s independent gas producers.

Gazprom approves spending

The board of Russia’s state-controlled gas monopoly Gazprom has approved a plan to invest about €1.43 billion ($1.5 billion) in the Nord Stream 2 project, writes Vladimir Afanasiev.

Rosneftegaz takes control of Zvezda shipyard

Russia’s special investment vehicle Rosneftegaz has assumed control of a shipyard being developed in the country’s far east region to target Arctic construction opportunities including those in the liquefied natural gas sector.

Turkmen president wins vote

Turkmenistan’s current President Gurbanguly Berdymukhamedov will rule the country for another seven years after an overwhelming victory in presidential polls this past weekend, writes Vladimir Afanasiev.

Sechin spies Khodorkovsky tricks

Rosneft has blamed former Yukos Oil owner Mikhail Khodorkovsky (pictured) for sponsoring a recent protest by members of the ultra-nationalist Other Russia party near the entrance to the company’s headquarters in Moscow.

Bashneft stake sale snubbed

The authorities in the Russian region of Bashkiria have rejected an offer from state-controlled oil producer Rosneft to sell their 25.8% stake in regional oil producer Bashneft, a representative of the regional government was quoted as saying.

Baltic Sea plant deal signed

Russia’s privately-held Peton research and engineering institute has signed a contract with Germany’s Linde to act as the licenser for a mid-scale liquefied natural gas production, storage and shipment complex to be built near the port of Vyborg on the Baltic Sea, writes Vladimir Afanasiev.