Fragments of a blog
Fragments of a blog
In March 2014 – right after Moscow’s Crimea operation – Christopher Helman, who covers the energy business for Forbes, wrote: So why has Exxon excelled there [in Russia]? I think it’s because Exxon has proven itself to be as hard-nosed as Putin…
In dealing with Russian authorities, Exxon has always stood out among its peers for toughness. The company has steadfastly rejected opportunities that would not put it in control of a project: it would rather stay away altogether. As a result,…
OK, here’s the apparent reason for Russia’s daily oil output inching down by 2%+ this month from the average July rate. Actually, the shortfall has lately narrowed a little to about 30,000 tons per day or 220,000 bpd, less than 2%…
Russia produces over 10 million barrels per day – 500+ million tons per year – of crude and condensate, about as much as Saudi Arabia. Which of the two countries is No. 1 in total liquids output depends on how and…