NOVATEK, Sovcomflot to build 15 Arc7 LNG carriers

In an effort to enhance northern oil and gas fields and boost Arctic shipping, Sovcomflot and NOVATEK entered into long-term charter agreements so as to build 14 Arc7 ice-class LNG tankers.

Russia detains three after Arctic fuel spill

Investigators from Russia detained three managers of an Arctic power station linked to the huge fuel spill that polluted the area about a month ago, as wind, rain and cold impacted the clean-up operations.

Russia launches plan for a low carbon future

Russia has set out a long-term, low carbon development plan spanning on the next three decades. According to the plan, Russia will reduce GHG emissions by a third by 2030 from 1990 levels.

Oil market can achieve up to 3m barrels per day from April

Rystad Energy estimated that the extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), while OPEC+ countries are able to add next month 2 million bpd, according to their storage, spare capacity and ramp up capabilities.

Saudi Arabia now offers its own cheap oil barrels

Saudi Arabia increases efforts to send Russia’s Urals oil grade out of its markets as it offers its own cheap barrels, as the two countries’ deal to support global oil prices fell apart.

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