Russian oilfield services providers face profit squeeze as sanctions and weak market conditions erode margins

Russia’s largest oilfield services (OFS) providers saw profits decline sharply in 2025 as sanctions, weaker drilling activity, and pressure from domestic oil producers squeezed margins across the sector. Three of the so-called “Big Four” OFS companies operating in Russia — Burservis, Schlumberger, and Weatherford — reported significant declines in net profit despite relatively stable or … Continue reading Russian oilfield services providers face profit squeeze as sanctions and weak market conditions erode margins →

Russia remains the fourth-largest LNG producer as sanctions delay 2030 output target

Russia ranked as the world’s fourth-largest producer of liquefied natural gas in 2025, even as international sanctions forced the country to push back its ambition to produce 100 million tonnes of LNG annually by the end of the decade. Russian companies produced 33 million tonnes of LNG in 2025, Deputy Prime Minister Alexander Novak said, … Continue reading Russia remains the fourth-largest LNG producer as sanctions delay 2030 output target →