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Russia upstream news


Wood Mackenzie comments on Lukoil's Marine XII move

“The transaction adds production for the first time to Lukoil’s West African portfolio, and fits with the Russian company’s aims of developing its offshore expertise and grow its presence outside its Russian stronghold," says Jean-Baptiste Bouzard, senior research analyst at Wood Mackenzie.


ESAI Energy: Russian crude exports soar in April

Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.


NOVATEK discovers North-Obskoye field

The company has announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay.