Russian businessman Gennady Timchenko has decided to resign from the board of directors of Novatek, in which he owns 23.49% of shares, the company said in a statement on Monday. Earlier, his candidacy was not included in the list of …
Russia's aim to be carbon neutral by 2060 -- announced by President Putin in the run-up to the COP26 climate meeting -- will require a huge restructuring of its economy, which is today heavily dependent on oil and gas revenues
Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly game-changing opportunity to alter the balance of power in the world’s hydrocarbons markets
According to the data of the Central Dispatching Department of the Fuel Energy Complex, oil and gas condensate production in Russia decreased by 8.6% - to 512.68 million tons in 2020. Thus, the largest reduction was documented in …
Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut that has depressed LNG prices globally and the damage to demand done by the pandemic.
Russia is ensuring a leading position in the exploration and development of the Arctic’s huge gas deposits
Russian tycoon Vladimir Potanin, one of core owners of metals giant Norilsk Nickel, has become the richest man in the Russian section of the Forbes Real-Time Billionaires list, which tracks wealth of tycoons in real time, with …
Russia's edition of Forbes published its own version of the top 5 most successful Russian billionaires in 2019. The leader of the rating was the biggest shareholder in Norilsk Nickel Vladimir Potanin - over the …
Ankara wants to resolve the Aegean Sea, Eastern Mediterranean and Cyprus issues
Forbes magazine has published its top-50 list of best employers in Russia. The top five includes Nornickel, Polyus, Gazprombank, Yandex …
... as tensions flare with Iran
Russia’s ambitions advance with multi-billion export plans
The international agency Brand Finance presented the annual report on the 50 most valuable and strongest Russian brands. Sberbank tops the ranking for the third time. Its brand value increased 26% to 842.2 billion rubles. …
Novatek, Russia’s largest non-state gas producer, will increase gas output in 2019 by 10% and liquid hydrocarbons production by 2%, the company’s CEO Leonid Mikhelson said. "Novatek has signed contracts …
Russian Prime Minister Dmitry Medvedev instructed the Ministry of Industry and Trade, together with the United Shipbuilding Corporation, Zvezda Shipyard and Rosatom, to work out providing Novatek with four gas-engine-powered …
Companies are rolling in money, but falling oil prices mean good time will not last forever
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oilfield in Russia, SOCAR Vice President Elshad Nasirov said. Nasirov also said that …
Yamal LNG operator Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay. The North-Obskoye field has …
Russia, Japan committed to building closer energy ties despite geopolitical risks
Three new Arctic-class ships on way to Russia's Yamal LNG terminal
