Russian Upstream Projects Require $102.6bn by 2020 to Maintain Stable Production, says GlobalData
An average of $34.1bn per year in capital expenditure will be spent on 1,673 oil and gas fields in Russia between 2018 and 2020, according to GlobalData, a leading data and analytics company. Capital expenditure into Russian traditional oil projects will add to up $55bn over the three-year period, while heavy …
GlobalData: Russia Plans to Commence 29 Natural Gas Projects by 2050
Russia has the highest number of key planned oil and gas projects in the Former Soviet Union (FSU), with a total of 29 oil and natural gas projects expected to start operations in the country by 2025, according to research and consulting firm GlobalData. The company’s latest report states that, …
GlobalData: Russian Cuts In Concert with OPEC
”At the November Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna, Russia delivered many surprises. Not only did the country broker an agreement between rival Saudi Arabia and Iran, but Russia also committed itself to substantial production cuts. For almost a year, Russia signaled that it would only …
GlobalData: Russia and Kazakhstan Will Dominate Planned Upstream Projects in the Former Soviet Union to 2025
Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, says research and consulting firm GlobalData. According to the company’s latest report*, the two other key planned projects in the FSU region are …
GlobalData: Russian Oil Companies Looking to the Americas to Boost International Long-Term Positions
Key Russian oil companies have refocused on strengthening their international positions through the acquisition of exploration and production assets in geographies outside Russia, with countries in the Americas providing a number of potential partnerships in the long term, according to analysts with research and consulting firm GlobalData. – Following sanctions …
GlobalData: UK One of Most Pro-Fracking Countries in the EU
The UK’s recent decision to implement a new policy giving the government final say over the outcome of planning applications and appeals for shale gas exploration and development further distinguishes it from other European countries, according to an analyst with research and consulting firm GlobalData. Any hopes for developing large-scale …
GlobalData: Global Gas Generator Installed Capacity Will More Than Double to 18.8 Gigawatts by 2025
Global installed capacity for gas generators will more than double from 8.4 Gigawatts (GW) in 2015 to reach 18.8 GW by 2025, with North America continuing to account for the largest share of the market, according to research and consulting firm GlobalData. The company’s report* states that this increase, which …
GlobalData Analyst: US/EU Sanctions Could Lead to Restructuring of Russian Oil and Gas Industry
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 million barrels per day in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData. …
GlobalData Analyst: Russia Continues with Capital Programs Despite Low Crude Prices
Anna Belova, GlobalData‘s Upstream Analyst covering the Former Soviet Union, says: “Oil production surge outside OPEC is deemed one of the driving factors behind the recent decline in global crude prices. The behavior of main crude suppliers in the near term will determine if the global supply will equilibrate with …
GlobalData: Rosneft Focuses on Russian Gas as Latin American Prospects Appear Limited
Despite the recent Memorandum of Understanding (MoU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating Liquefied Natural Gas (LNG) projects in Russia, according to an analyst with research and consulting firm GlobalData. While the MoU can be interpreted as …