Russia
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Natural Gas
Area1 Says Russian Backed Hackers Attack Ukranian Burisma
A Silicon Valley stationed safety agency called Area1 says it has discovered indications that state-sponsored Russian hackers have successfully hacked the Ukranian gas firm Burisma. The company has taken on a top position in US politics due to its links to Democratic presidential front-runner Joe Biden, whose son Hunter sits on the company’s committee. In July, President Trump asked Ukraine’s…
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Crude Oil
Russia Hits Record Oil Production for Post-Soviet Era Despite OPEC+ Cuts
Crude oil and condensate production in Russia reached a record high for the post-Soviet era last year, regardless of Moscow’s key role in supporting the ongoing output cuts of the OPEC+ alliance. Based on figures from Russia’s energy ministry, Russia produced 11.25 million barrels per day (BPD) of crude oil and condensate in 2019—up from 11.16 million BPD a year…
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Natural Gas
Total and Associates Greenlit Russian Artic LNG 2 Development Venture
Total, Novatek and the other venture shareholders have accredited the final investment decision for Arctic LNG 2, a major LNG development situated on the Gydan peninsula, Russia. The initiative will have a production capability of 19.8 MM tons per year and is predicted to export its first LNG freight by 2023, the second and third practice to start up by…
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News
Russian President to Meet Saudi Crown Prince Ahead of G20 Summit
Russian President Vladimir Putin plans to visit Saudi Crown Prince Mohammed Bin Salman at the G20 summit in Japan this week, days before OPEC and its associates assemble in Austria to talk about extending oil-output reductions. “Intense” preparations are underway for the meeting between Putin and Prince Mohammed, Kremlin spokesperson Dmitry Peskov stated Tuesday, without mentioning what’s the agenda. If…
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News
World Petroleum Council Selects Calgary to Host 2023 Oil & Gas Forum
Calgary is elected to host the World Petroleum Council in 2023, striking out four different global cities in voting that occurred in St. Petersburg, Russia. Held once every three years, Council attracts industry and administrative leaders from all over the world, including government heads of state and ministers of power. Naheed Nenshi, who was in St. Petersburg for voting, stated…
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