Russia
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Americas
US adds oil and gas field offshore Siberia to its sanctions against Russia
The US has extended its offshore oil industry sanctions against Russia by adding the Yuzhno-Kirinskoye Field in the Sea of…
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Europe
Gunvor sells majority stake in Ust-Luga terminal
Geneva: Commodities giant Gunvor Group has sold a 74% stake in OJSC ―Ust-Luga Oil‖, the operator of Ust-Luga Oil Products…
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Europe
Saipem exits South Stream pipeline project
Athens: Italy-based oil and gas contractor Saipem has exited the South Stream offshore pipeline project, which will connect Russia with Europe…
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Europe
Murmansk Shipping takes its first VLCC
Moscow: In a big step up for Murmansk Shipping, brokers report that it is the company behind the acquisition from…
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Asia
USC takes over Zvezda yard
Moscow: United Shipbuilding Corporation has taken on 53.5122% of the voting shares of the long planned Zvezda shipbuilding complex in…
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Bunkering
Russia’s first three LNG bunkering tankers ordered
Moscow: LNG-Gorskaya is eying an LNG plant near Saint-Petersburg and is spending on new bunkering tankers. LNG-Gorskaya has inked a…
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Europe
Sanctions are still a minefield for trade with Iran and Russia
Oslo: Midday at the Nor-Shipping conference on Monday saw a high-calibre line-up of panellists discussing navigating the minefield of international trade…
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Asia
Gazprom to use its own rigs in the Sea of Okhotsk
Moscow: The Polyarnaya Zvezda and Severnoye Siyaniye semi-submersible drilling rigs of Gazprom Flot are ready for this year’s drilling season,…
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Europe
Keel laying for world’s largest icebreaker
St Petersburg: Russian shipbuilding took a bold new step forward yesterday with the keel laying at Baltic Shipyard of the…
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Europe
Lukoil partnering with Gazprom to get Arctic access
Moscow: Lukoil, Russia’s biggest private oil producer, and state-run Gazprom plan to cooperate and bid together on offshore projects in…
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Europe
Moscow comes to the aid of local offshore industry
Moscow: Russians using Russian-made equipment on the Russian shelf will get tax relief. A bill facilitating oil exploration is on…
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Europe
Russia looks to stop Norwegian exploration in the Barents Sea
Oslo: A diplomatic row has broken out as Russia says Norway is violating the Svalbard Treaty with the Norwgian government…
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Europe
Hyundai Heavy wins Gazprom FLNG contract
Seoul: South Korea’s Hyundai Heavy Industries has beaten compatriots Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries to clinch…
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Europe
Atomflot orders $116m Vyborg icebreaker
Moscow: FSUE Atomflot is spending $116m on a new icebreaker to be built by Vyborg Shipyard in Russia. The vessel…
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Europe
Medvedev pushes for subsidies for Russian shipbuilding
Moscow: Prime minister Dmitry Medvedev is pushing for subsidies for Russian shipbuilding At a workshop about Russia’s shipbuilding sector, Medvedev…
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Europe
EU goes to court against Gazprom
Brussels: The EU will in a few days take Russian energy giant Gazprom to court, which is accused of anti-competitive activities…
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Europe
€4.4bn Russian Arctic infrastructure plan
Oslo: The Russian deputy prime minister Dmitry Rogozin has rolled out a €4.4bn Arctic infrastructure plan. The figure was given…
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Asia
Russia’s Sakhalin LNG plant delayed by at least two years
London: Western sanctions against Russia may cause Rosneft to delay start-up of its Sakhalin LNG plant by at least two…
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Asia
FESCO makes bonds move
Dalian: Russian containerline FESCO is buying back some bond issues to change its debt profile. FESCO said it would spend…
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Europe
Report claims Gazprom’s Arctic drilling running losses of $579m
Oslo: Wildlife activist WWF says Russia’s only offshore oil-producing field in the Arctic, Prirazlomnaya, operated by Gazprom, is unprofitable despite…
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