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Russia upstream news


ERIELL expects business boost in 2H20

Recent oil price improvements have provided a solid platform for the company to perform well in 3Q20 and further into the year, according to Vitaly Dokunikhin, CEO of ERIELL Russia.


Gazprom Neft, Lukoil and Tatneft establish JV

The partners will be sharing operational and technological competencies for developing hard-to-recover oil reserves in the Orenburg Oblast region of Russia.


Lukoil reduces 2020 CAPEX guidance

Lukoil has cut its CAPEX guidance for this year to 450 – 500 billion roubles from 550 billion roubles (US$8 billion).