Full-scale development of Kharasaveyskoye field starts in Yamal Peninsula

Russian President Vladimir Putin met on Wednesday heads of the world’s top oil traders Glencore and Vitol, as well as BP’s chief executive, among others, promising favorable conditions for business.

Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.

U.S set a new record for oil production at 12.1 million barrels a day (mb/d) in February, continuing America’s position as the world’s leading oil producer.

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

Electricity generation from U.S. nuclear power plants totaled 807.1 million megawatthours (MWh) in 2018, slightly more than the previous peak of 807.0 million MWh in 2010, based on preliminary annual data. Although several nuclear power plants have closed since 2010, a combination of added capacity through uprates and shorter refueling and maintenance cycles allowed the remaining nuclear power plants to produce more electricity. In the near future, however, EIA expects that U.S. nuclear power output will decline.

PetroChina Company Limited (“the Company”, HKSE: 0857; NYSE: PTR; SSE: 601857) announced that the Company’s high-quality development is starting to achieve good results, with net profit increasing substantially by 130.7% year-on-year in 2018.

Net profit increased significantly and financial status remained healthy  All-in cost of US$30.39/boe, down 6.6% YoY;  Net profit of RMB 52.69 billion, up 113.5% YoY;  Final dividend of HK$0.40 per share (tax inclusive)

Germany's Wintershall -- which is set to complete its merger with upstream company DEA by the end of June -- plans to expand its projects in Russia, which will remain its core production region post-merger, its CEO Mario Mehren said Thursday.

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela,

Обсудить с компаниями эффективность сделки Минэнерго планирует во втором квартале этого года. И только затем у России появится взвешенное мнение о судьбе сделки, которое, в том числе, будет продиктовано ситуацией на мировом рынке, подчеркнул Александр Новак. По его словам, 100%-ого исполнения сделки Россия планирует достигнуть к концу марта - началу апреля этого года.

Александр Новак отметил, что российским энергетикам удалось достичь энергонезависимости полуострова за рекордно короткие сроки: «Крым соединён с единой энергосистемой и может, как выдавать электроэнергию в единую энергосистему, так и получать из неё электричество при необходимости».