Government Orders Sale of Wintershall Dea and OMV Stakes in Severneftegazprom to SOGAZ
Russian Prime Minister Mikhail Mishustin has signed an order to sell stakes to SOGAZ in companies established to “Russify” the joint venture between Gazprom and Germany’s Wintershall Dea and Austria’s OMV for the development of the Yuzhno-Russkoye field. According to the published government resolution, based on SOGAZ’s application dated March …
Norwegian Oil Industry Workers to Go on Strike Starting June 21
Norwegian oil and gas industry trade unions announced on Monday that workers on offshore drilling rigs will begin a strike on June 21, if no agreement is reached with employers regarding next year’s wages. About 438 members of three unions — Styrke, SAFE, and DSO — may take part in …
A New Gas Field Has Been Discovered in the Norwegian Sea
The Haydn exploration well was drilled in the Norwegian Sea near Aasta Hansteen. A joint venture between OMV (40%), Vaar Energi (30%) and Inpex Idemitsu (30%) has discovered the new Haydn deepwater gas field, about 65 kilometers southwest of the Aasta Hansteen field, and 310 kilometers west of Sandnessjøen, offshore …
Libya Has Limited Production at Its Largest Oil Field Due to Instability
In Libya, oil production was partially stopped at the country‘s largest Sharara field on August 4 due to unauthorized entry. The maximum capacity of Sharara is 320 thousand barrels per day. According to S&P Global Commodity Insights, production losses now range from 28-70 thousand b/s. Sharara is a joint project …
Libya Has Limited Oil Production at the Largest Field
After limiting production at Libya‘s largest Sharara field, the indicator fell by 30 thousand barrels per day to 230 thousand barrels per day as of the evening of August 3. Libya has begun a partial shutdown of production at its largest oil field, Sharara, Bloomberg reported, citing three sources directly …
The Kremlin Did Not See the Seizure of Assets in The Decision on The Shares of Wintershall and OMV
The day before, President Vladimir Putin signed decrees depriving Wintershall and OMV of shares in two joint ventures with Gazprom. “There was and is no process of seizure,” says press secretary of the head of state Dmitry Peskov. The decrees of President Vladimir Putin, depriving Wintershall and OMV of shares …
Vladimir Putin Ordered to Deprive Wintershall and OMV of a Stake in Russian Assets
Putin signed decrees depriving Wintershall and OMV of their shares in two joint ventures with Gazprom. Putin ordered the creation of an LLC to manage the Yuzhno-Russkoye and sections of the Achimov deposits of the Urengoy oil and gas condensate field; SOGAZ and Gas Technologies are offered to acquire shares …
OMV will Begin Exploration Drilling on Libyan Assets in February 2024
Austrian OMV intends to begin exploratory drilling in Libya in February 2024. Company representatives announced this at a meeting at the headquarters of the National Oil Corporation of Libya (NOC) in Tripoli. The meeting was attended by the director of the exploration department of NOC, the deputy general director of …
Russia’s Gazprom tells European buyers it cannot guarantee gas supplies
Force majeure declared in letter to customers concerns supplies via Nord Stream 1 pipeline, says source. Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the west over …
Alexey Miller and Peter Szijjarto Discuss Gas Supplies to Hungary
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place today in St. Petersburg. Peter Szijjarto (second right) Enlarged photo (JPG, 4.8 MB) The parties reviewed the key issues and prospects of their cooperation in the gas sector, including gas supplies …