Oil and Gas Industry Latest News

02.03.2016 Karpinsky Oil & Gas Company Reveals Development Strategy for Southern Russia Licenses

Karpinsky Oil and Gas Company (KOGC) has revealed plans to launch a drilling programme next year in the promising oil and gas license blocks it controls in the Karpinsky Ridge Basin in the Rostov Oblast, south of Russia.

01.03.2016 Russia and Kazakhstan Will Dominate Planned Upstream Projects in the Former Soviet Union to 2025, Says GlobalData

Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, says research and consulting firm GlobalData.

25.02.2016 Gazprom to Invest up to $2.5 bln in Belarusian Gas Transport System by 2020

Gazprom plans to invest up to $2.5 billion in the gas transport system of Belarus by 2020 and spend another $1.1 billion on expanding underground gas storage facilities, according to materials released by the Kremlin press service ahead of President Vladimir Putin's visi

25.02.2016 Gazprom Announces New Gas Supply Route under Black Sea

Gazprom Has Said it Signed a Memorandum with Edison SpA and DEPA SA on Gas Deliveries

20.02.2016 Russia Has Room to Play Saudi Oil Game with EU Gas, VEB Says


Russia has the capacity to target volumes over prices in its natural-gas sales, replicating Saudi Arabia’s oil strategy, according to state-owned Vnesheconombank’s chief economist.

19.02.2016 OMV Plans to Cover Entering Russia’s Gas Fields Through Asset Swap

Austrian oil and gas company OMV expects to fully cover entering the Urengoi oil and gas field through an asset swap, the company’s CEO Rainer Seele said Thursday.

12.02.2016 Manufacturing as seen thru the eyes of OGE photographers

Shots made by OGE photographers in 2006-2015

12.02.2016 As Ukraine Looks Elsewhere, Gazprom Plans No Let Up in Exports

by Elena Mazneva

Even after Ukraine halted natural gas purchases from Russia in November, Gazprom plans to resume and maintain exports to its eastern neighbor for at least three more years.

03.02.2016 Russian Gas Export to Austria Increased by 76.2 Percent In January 2016 Year-over-year

On February, 2 a working meeting was held in the central office of PJSC Gazprom between Alexey Miller, Gazprom Chairman of the Board and Vice-Chancellor of Austria Reinhold Mitterlehner.