The launch of the first stage of the liquefied natural gas of Yamal LNG plant was the main result in the 21st century for the Russian oil and gas industry. Analysts at Bloomberg call Russian ‘Yamal’ as the most successful LNG project of the last decade.
Just over a year ago, on November 30, 2016, members of the Organization of Petroleum Exporting Countries (OPEC) and a number of independent oil producers, including Russia, managed to consolidate, show political will and stop the fall in oil prices.
Strengthening the partnership between Saudi Arabia and Russia in the oil market guarantees the reliability and stability of the supply of energy resources to consumers in Europe and Asia. But without friendly steps from the US, the instability factor will remain.
The intention of the Norway's Sovereign Wealth Fund to get rid of its oil and gas assets was quite disturbing for the market players.
Igor Yusufov, Corporation Energy, Russia, provides a detailed overview of the Russian upstream sector and shows how, despite challenges, it remains a self-sufficient hub of sustainable growth
Avec la remontée du prix du baril ces dernières semaines, producteurs et ministres russes s'interrogent sur la nécessité de prolonger un accord qui aurait déjà atteint son but.
The intention of the Norway's Sovereign Wealth Fund to get rid of its oil and gas assets was quite disturbing for the market players. Norway wants to save at least 35 billion dollars by refusing to invest in the oil and gas sector while persuading the same industry to invest in the country's oil future. Is it possible?
Oil prices went up almost a week before OPEC meeting on November 30. This is happening not only because of the speculation with regard to another summit that is to take place soon. Will Russia support the extension of the oil supply cut deal or back out of it?
Top people in the oil industry recently met in Khanty-Mansiysk, having made the forum a significant event for the Russian oil sector. Dmitry Medvedev and the heads of the country's major oil companies attended the "gathering."
Former Russian Energy Minister Igor Yusufov says US oil producers that have sharply increased exports should be wary of an eventual "oversaturation of the market" whenever OPEC and Russia resume normal output.