Industry Developments

Executives from Russia's state-controlled gas export monopoly Gazprom are due to meet European Commission (EC) officials in Brussels on December 9 as the gas dispute between Russia... 2008-12-09

State-run Korea National Oil Corporation (KNOC) and Russia's Rosneft have signed a preliminary deal for the exploration of the Kamchatka Peninsula.

US major ExxonMobil has signed a contract with Romania's Petrom to explore deepwater parts of the Neptun Block in the Black Sea.

Russian Prime Minister Vladimir Putin signed an order on December 1 for the construction of a second trunk line of the Baltic Pipeline System (BPS). The new line will boost Russia's... 2008-12-03

After Serbia's parliament approved a deal in September 2008 to give Russian state-controlled Gazprom Neft a majority stake in Serbia's Nafta Industrija Srbije (NIS) in exchange... 2008-12-02

Britain's BP has announced that it will back the expansion of the Caspian Pipeline Consortium (CPC) pipeline as long as its plans to sell its stake in the venture does not face... 2008-12-01

Anglo-Russian joint venture (JV) TNK-BP is to halt investment in new refining projects in Russia in order to focus on maintaining production, according to company vice president... 2008-11-28

Polish refiner PKN Orlen has published its updated strategy for 2009-2013. The strategy includes several measures designed to address the impact of the global financial crisis,... 2008-11-26

Following negotiations that have lasted more than two years, Russia's Gazprom and Slovakia's Slovenský Plynárenský Priemysel (SPP) have finally signed a long-term gas contract.... 2008-11-24

Russian gas export monopoly Gazprom announced on November 20 that Ukraine must repay its US$2.4bn gas debt before the company will sign new supply contracts.