India is looking at raising oil imports from Russia, its oil minister said on Sept. 17, at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom's production.
While few parts of the Arctic are seeing an uptick in exploration activity, most countries are making slow progress.
Saudi Energy Minister Khalid al-Falih’s loss of status puts him under new pressure to meet crown prince’s goals.
Oil production, excluding the project, totaled 42.6 million tonnes for the half year, up 1.3% year-on-year.
Oil prices fell on Aug. 12 amid worries about an economic slowdown and the U.S.-China trade war, which have led to a cut in the outlook for global oil demand
Bipartisan measure that reflects concern over Russian influence passes by 20-2 vote.
Russia-led project contents that new gas rules endanger its business model.
Global drilling and engineering contractor KCA Deutag’s land drilling operation has won three new contracts in Russia worth approximately $168 million on July 15.
Political pressure and incidents of contaminated crude cut into Russia’s European dominance.
Source says that Rosneft production is off 11% in the first 8 days compared to the June average.