Russia
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.
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.
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.
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.
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).
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.
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.
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.
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.
International
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.