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Russia could take hold of China’s entire gas market

7 days ago DieselGasoil Comments Off on Russia could take hold of China’s entire gas market
As the trade war between Washington and Beijing intensifies, the United States is poised to lose out on a major gas market, and Russia could pick up the slack. With an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent with another $300 billion worth of Chinese Read More

Russian LNG exports surge 20 percent, boosting revenues to $2 billion

1 week ago DieselGasoil Comments Off on Russian LNG exports surge 20 percent, boosting revenues to $2 billion
Liquefied natural gas (LNG) shipments from Russia increased to 11.7 billion cubic meters in the first three months of this year – a 19.7 percent growth compared to the same period of 2018. The surge in the country’s LNG exports ensured a year-on-year growth in revenue for Russian firms in the sector. Sakhalin Energy and Read More

Russian airline cancels Superjet 100 orders over ‘servicing costs’ day after fatal crash-landing

2 weeks ago DieselGasoil Comments Off on Russian airline cancels Superjet 100 orders over ‘servicing costs’ day after fatal crash-landing
Russian regional carrier Yamal Airlines will cancel a planned purchase of 10 Sukhoi Superjet 100 aircraft, a day after one of the commuter jets operated by Aeroflot fatally crash-landed at Moscow’s Sheremetyevo Airport. Yamal announced its decision on Monday, after Russia’s transport minister declined to ground the aircraft in response to the accident. Yamal’s decision Read More

Gazpromneft-Yamal and eDrilling partner to optimize Tyumen drilling operations

3 weeks ago DieselGasoil Comments Off on Gazpromneft-Yamal and eDrilling partner to optimize Tyumen drilling operations
5/1/2019 STAVANGER — eDrilling has announced that it has signed a contract with Gazpromneft-Yamal, a Gazprom Neft subsidiary, for the use of eDrilling’s software to optimize its drilling operations in the Tyumen region. “Our objective is to improve performance across the board through the use of new technologies and design solutions in the field.” remarks Read More

Total’s cash flow up as record output offsets lower oil price

4 weeks ago DieselGasoil Comments Off on Total’s cash flow up as record output offsets lower oil price
By Francois de Beaupuy on 4/26/2019 PARIS (Bloomberg) – Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices. The French energy giant’s earnings are the latest sign of the industry’s recovery from a deep downturn, with Total Read More

Russia’s Novatek sells 20% in Arctic LNG 2 to Chinese firms

4 weeks ago DieselGasoil Comments Off on Russia’s Novatek sells 20% in Arctic LNG 2 to Chinese firms
Russian gas producer Novatek said that it had signed agreements with two Chinese companies, under which the Asian firms will become shareholders in the Arctic LNG project with 10 percent each. Novatek, the largest Russian producer and exporter of liquefied natural gas (LNG), signed an agreement with CNOOC and another deal with China National Oil and Gas Exploration and Read More

France’s Total to invest in Russian LNG terminals in Arctic & Far East

1 month ago DieselGasoil Comments Off on France’s Total to invest in Russian LNG terminals in Arctic & Far East
The CEO of energy major Total has announced plans to buy a share in projects aimed at constructing terminals for transferring liquefied natural gas (LNG), led by Russia’s biggest independent gas producer Novatek. According to Patrick Pouyanne, who also serves as chairman of the French energy giant, the company will buy a 10-percent stake in Read More

Nidec ASI to supply VFDS for $25.5 billion Arctic Lng 2 project

1 month ago DieselGasoil Comments Off on Nidec ASI to supply VFDS for $25.5 billion Arctic Lng 2 project
4/12/2019 Photo: Nidec Arctic LNG 2 project. MILAN — Nidec ASI, head of the Nidec Industrial Solutions business platform belonging to the Nidec Group, signed last month with Siemens Gas and Power, a multi-million euro contract, for the supply of Variable Frequency Drives Systems (VFDS) and Motors for the Arctic LNG 2 project which will Read More

Russia to expand annual LNG production to 140 million tons

1 month ago DieselGasoil Comments Off on Russia to expand annual LNG production to 140 million tons
Russian Energy Minister Alexander Novak expects the country’s output of liquefied natural gas (LNG) to rise more than tenfold to 140 million tons per year by 2035 as global demand for the fuel soars. LNG shipments from Russia amounted to 12.86 million tons last year. According to the minister, annual production will grow to 73 Read More

Russia expands LNG operations in Arctic

1 month ago DieselGasoil Comments Off on Russia expands LNG operations in Arctic
By Olga Tanas, Dina Khrennikova and Anna Shiryaevskaya on 4/8/2019 MOSCOW and LONDON (Bloomberg) — Almost 1,500 mi from Moscow, the tiny port of Sabetta nestles in a desolate Russian Arctic peninsula. A former outpost for Soviet geologists, it’s now the site of Russia’s most ambitious liquefied natural gas project, operated by a company that Read More