Technology , Construction

Russian Group Hires TechnipFMC to Design $10 Billion LNG Plant

Russian investment group A-Property has hired energy services company TechnipFMC on May 5 to design a $10 billion LNG operation in the north of the country that it hopes to complete by 2025 and sell LNG to Asia.

May 5, 2020

Crude Oil , Trade

Sources Say Trump Told Saudis: Cut Oil Supply or Lose Military Support

President threatened to allow group of senators to push through measure to cut off aid.

April 30, 2020

Exploration & Production , Crude Oil , Trade , International

Analysis: Will OPEC+ Members Comply with Pledged Oil Cuts?

The record oil production cuts agreed to by OPEC, Russia and other producers may not be delivered in the short-term, according to analyst.

April 24, 2020

Crude Oil , Trade , International

Diplomat: US Could Still Wield Oil Import Tariffs if OPEC+ Producers Break Deal

While it remains an option, administration says it doesn’t believe it will be necessary.

April 16, 2020

Field Development

Shell Ditches Russian Arctic Oil Joint Project

Total resources at fields of Meretoyakha Neftegaz were valued by Gazprom Neft at 1.1 billion tonnes (over 8 billion barrels of oil).

April 14, 2020

Crude Oil , Trade , International

Oil Prices Erase Early Gains on Record OPEC+ Output Cut

After four days of wrangling, OPEC, Russia and other oil-producing nations agreed to cut output by a record amount of 9.7 million bbl/d, representing around 10% of global supply.

April 13, 2020

Crude Oil , Trade , International , Shale Plays

OPEC, Russia Reach Deal to Cut Oil Production

Oil prices fall as traders fear reductions agreed to by OPEC and Russia will fail to offset biggest demand collapse in history.

April 9, 2020

People , Crude Oil , Trade , International , Shale Plays

Interview: Harold Hamm Highlights US Oil Cuts Amid Push for Russia-Saudi Curbs

Continental Resources executive chairman Harold Hamm says U.S. shale producers are being forced to act because of storage tank limits.

April 7, 2020

Crude Oil , Trade , International

OPEC+ to Likely Cut Production If US Joins Effort, Sources Say

Major U.S. oil companies and industry groups are opposed to mandated cuts, which would be an extraordinary step in the United States.

April 7, 2020


Brouillette Hopeful Saudi, Russia to End Oil Row this Week

Prices drop after a proposed meeting is delayed, but the energy secretary expects a 10% to 15% drop in production after a meeting later this week.

April 6, 2020