Royal Dutch Shell Plc plans to expand the Sakhalin-2 oil and gas project in Russia’s Far East, the country’s only producer of liquefied natural gas, as it seeks to boost its presence in the Asian energy market.
Aleksandar Vucic, whose Serbian Progressive Party won last month’s elections, began talks with other parliamentary groups to form a new cabinet that will stabilize public finances and overhaul the economy.
Russia’s largest company OAO Gazprom will stop marketing to U.S. and European investors after the Crimea crisis and work to increase bond and shareholders from the Middle East, Latin America and Asia, especially China.
OAO Gazprom Neft, the oil arm of Russia’s natural gas exporter, increased its estimated costs for the Badra oil field in Iraq to about $3 billion, according to a bond prospectus this month from its parent company.
OAO Gazprom Neft, the oil arm of Russia’s largest natural-gas producer, will boost spending 23 percent as tax incentives spur drilling, as it plots acquisitions that could include a Russian unit of Hess Corp.