Russia's greenfields ready and waiting
Russia's greenfields hold abundant cheap reserves. How long can its companies resist the cash flow they offer?
Russia's firms just aren't able to resist the allure of the country's vast untapped greenfield potential. And, in tandem with another bout of weaker oil prices and a robust ruble, a surge in drilling for new fields is a problem for its pledge to keep cutting oil supply. Not that the commitment to the deal with Opec is faltering just yet. Russia's output remained flat for the third month in a row in July—good news as the country welcomed other producer countries to St Petersburg for a meeting of the committee that monitors the cuts. Make no mistake though, if and when the deal falters—and it has been on shakier ground lately—a Russia production ramp-up will be relatively painless due to the n
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
