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Russia upstream news

KCA Deutag suspends new investments in Russia

In a statement, Joseph Elkhoury, KCA Deutag's CEO, said the company had suspended all new investments in Russia and is evaluating its options relating to its Russian business.

 
 
 
 
 
 
 

Gazprom and Petrofac create partnership

The companies will collaborate to drive industry standardisation and sustainable development, as Russia’s energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

 

TMK and Weatherford to cooperate in provision of oilfield services

The agreement, signed at the St. Petersburg International Gas Forum, documents the intention of both parties to work together in jointly determining applications and solutions that can benefit from the introduction of new technologies for oilfield services.