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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
