Gazprom Neft and Shell signed an agreement at the St. Petersburg International Economic Forum to create a joint venture on parity basis for the development of the licensed areas in the Yamalo-Nenets Autonomous District, the Russian company said in a statement on Thursday.

Saudi Arabia’s King Salman said on Saturday that attacks on Saudi oil assets last month by Iran-backed groups are a threat to global oil supplies and regional security.

Olabode Johnson, President of the Petroleum and Natural Gas Senior Staff Association of Nigeria dies suddenly after headache. He was opposing the privatisation of NNPC.

Russian oil major Lukoil is implementing a program for the repurchase of shares from the market at an accelerated pace, and may consider the parameters of the new repurchase after August, said Lukoil First vice-president Alexander Matytsyn in a teleconference with investors on Thursday.

Gazprom has appealed to the Luxembourg Court of Appeal against the execution of the Stockholm arbitration decision on gas transit in a dispute with Naftogaz of Ukraine.

The deliveries of conditional Russian oil to the Belarusian refinery Naftan via pipeline transport should be restored before July 28, said Deputy Prime Minister of Belarus, Igor Lyashenko on Friday. This means two more months of delay for clean Russian oil via the Druzhba pipeline.

Sberbank Group has become the main owner of Antipinsky Oil Refinery as it received ownership rights to stocks of Vikay.

Norsk Hydro has received approval to resume full production from Alunorte, its alumina refinery in Brazil.

The Antipinsky Refinery (part of New Stream group of companies of Dmitry Mazurov) has filed a bankruptcy petition.

The French oil and gas corporation Total has suspended operations at some installations at an oil refinery in Leuna in order to carry out the necessary inspections in connection with contaminated Russian oil into the Druzhba pipeline