Oilgame

Russia's state-controlled gas monopoly has called off planned gas cuts to its former Soviet neighbor Belarus after Minsk paid a substantial part of a $456 million gas debt before a Friday morning deadline, the national gas monopoly said. However,...

Ultimately, British oil giant BP is knees down before Russians as it has agreed to sell its stake in Kovykta field to Gazprom. BP, which drilled oil in Siberian oil field with Russian driller TNK, will get $700 million to $900 million for its...

Gazprom confirmed French energy major Total as its partner to develop the Shtokman natural gas field. Total will control 25 percent stake to finance, build and own the field's infrastructure. ConocoPhillips, Chevron, Statoil, and Norsk Hydro...

Gazprom has agreed to invest $420 billion in the gas sector by 2030 to ensure enough supplies to the domestic and foreign market. This announcement strengthens the speculation that Russian state-controlled energy producer could further try to take.

Gazprom and Italian oil firm Eni have agreed to build a massive pipeline to take Russian gas under the Black Sea to Europe. In the 50-50 joint venture, 'South Stream' stretch of pipeline is 900km, which will pass through Bulgaria and then branch..

The Russian oil giant Gazprom, discloses that company is near to increase its presence in Britain. Gazprom didn’t reveal its partner’s name, but it is highly expecting that oil giant is in talk with British oil giant Centrica from long.

Russian regulators have held the much debated and criticized decision on BP license row for the Kovykta gas field in East Siberia. Licensing agency, Rosnedra, is looking into case whether TNK-BP's operations should be stopped but seeks two weeks..

China has recently announced that it is planning to build another 25,000 kilometers of oil and gas pipelines by the year 2010 to support briskly growing economic development. The announcement was made by the China Petroleum Pipeline Bureau (CPPLB)..

State-owned gas monopoly Gazprom of Russia has reported that its export revenue surged 43 percent last year to a record mark $37.2 billion. Gazprom supplies almost a quarter of Europe's gas consumption. The export revenue of the firm shot up last...

After Royal Dutch Shell, BP seems to be next in line to be forced to sale its majority stakes in Russian projects to state owned companies of Russia. BP has reportedly invested $6.15 billion in the joint venture known as TNK-BP. The joint venture...