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Monday, 22 February 2016 04:57

Lukoil sizing up Baltic Sea opportunities

A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian…
Monday, 01 February 2016 10:43

GE announces US$1 billion Russian investment

GE entered into a US$1 billion sourcing program, signing a series of agreements with its Russian strategic partners at the…
Monday, 28 December 2015 16:02

Sovcomflot: keel laid for new arctic PSV

Arctech Helsinki Shipyards, part of United Shipbuilding Corp., held a keel laying ceremony on 17 December for a new icebreaking…
Friday, 18 December 2015 10:02

Retreating from the US Arctic

The US is losing its opportunity to lay claim to Arctic exploration, falling behind countries such as Norway and Russia.…
Published in OE Exclusive
Thursday, 17 December 2015 03:27

Ice-breaker for Sakhalin takes shape

Work on a new ice-breaker which will work for Sovcomflot in the Sakhalin-2 project has started at the Arctech Helsinki…
Tuesday, 15 December 2015 13:48

Rosneft completes 2015 seismic program

Rosneft has completed its 2015 geological exploration program at offshore licenses using 2D seismic survey methods that covered 20,434km in…
Rosneft produced 2 million tonne of oil since the production start at the Northern Tip of Chayvo field in 2014.…
Tuesday, 01 December 2015 14:49

Bumper crop

Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in…
Published in OE: 2015 / December
Tuesday, 27 October 2015 09:36

Bureau Veritas to class Yamal LNG carriers

International classification society Bureau Veritas announced it will class the series of Arctic-capable LNG carriers that will be built in…
Wednesday, 14 October 2015 10:29

Payday for Lukoil’s Lira

Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development…
Friday, 09 October 2015 11:48

Wärtsilä 31 selected for new icebreaker

The recently introduced 4-stroke diesel engine, Wärtsilä 31, has been selected to power a new generation icebreaker currently under construction…
Thursday, 08 October 2015 09:51

Eurasia in private merger proposal

Less than a month after oil services giant Schlumberger dropped its merger deal with Eurasia Drilling Co. (EDC), the Russian…
Tuesday, 06 October 2015 12:26

The case for US Arctic exploration

Arctic drilling has made headlines since the announcement of Shell’s 2015 summer drilling campaign. Paired with the low oil prices…
Published in OE Exclusive
Wednesday, 30 September 2015 13:14

Orgneftekhim standardizes AVEVA software

AVEVA announced that Orgneftekhim Holding, the parent company for a number of Russian engineering institutes and construction and procurement companies,…
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMb/d in 2015, the continuous…