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By John Helmer, Moscow If Ziyavudin Magomedov hadn’t persuaded a Moscow business newspaper to report yesterday that he is in negotiations with Rosneft, world’s largest publicly traded oil producer, the news that Vitol, world’s largest oil trader, has abandoned a 3-year old venture to build a new Rotterdam oil terminal with Magomedov would have been […]

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By John Helmer, Moscow Theologians may wrestle to Kingdom Come before they will agree that a gusher of faith can be drilled out of a bedrock of reason. In the case of junior Russian oil companies taking money from investors on the London Stock Exchange (LSE), the gushers are proving to be short-lived. The loss […]

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By John Helmer, Moscow Never let it be said that in Russia deeds done out of the goodness of the heart go unnoticed by the state. Nup. Not even when philanthropies are paid for with cash accumulated in violation of the state’s policy of deoffshorization. Nup, nup. There is even a special award minted by […]

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By John Helmer, Moscow Three hundred and ninety years ago the Dutch water-boarded and then executed a group of British merchants on the trumped-up allegation of plotting to seize the Dutch fortress on the island of Ambon, now part of Indonesia where it is called Maluku. Remember the Amboyna Massacre! became fighting talk in London […]

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By John Helmer, Moscow The Greenland government is about to open court proceedings against Greenpeace for attempts to occupy an offshore oil rig two years ago, the chief police prosecutor in Nuuk, Morten Nielsen, has disclosed. Russian sources say that Gazpromneft or parent Gazprom may be considering a similar move. These legal actions are targeted […]

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By John Helmer, Moscow “Greenpeace has broken the safety zone. Greenpeace activists have forced their entry into the drilling rig. This constitutes an obvious illegal act that disregards the democratic rules. It furthermore constitutes a severe violation of the safety regulations put in place to protect human lives and the environment. The Greenpeace action [is] […]

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By John Helmer, Moscow As a presidential assistant and a first deputy prime minister for many years, Igor Sechin grew accustomed to the illusion to which high officials in all states are prone – that the fault in efficient administration lies in the weakness of command-and-control systems, sociologically speaking. Or to speak psychologically of humankind, […]

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By John Helmer, Moscow As larger cargo volumes and more international vessels move through Arctic waters, or the Northern Sea Route as the passage is generally called in Russian (SMP is the cyrillic acronym, NSR in English), the Kremlin’s strategy is to fund the construction of the most powerful nuclear icebreakers in the world, and […]

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By John Helmer, Moscow The Russian government’s competition watchdog is waiting for state tanker company Sovcomflot and gas exporter Novatek to clarify exactly what plan they have decided on for liquefied natural gas (LNG) shipments from Sabetta, Russia’s newest gas export outlet on the eastern shore of Yamal and the Kara Sea. Sovcomflot said last […]

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By John Helmer, Moscow Gazprom, the Russian gas producer and exporter, is thinking of reviving an old idea to refine natural gas on the Baltic shore and ship liquefied natural gas (LNG) westward to European markets in competition against Qatar and Nigeria. At least that’s what Ziyavudin Magomedov (image right), chairman of the Summa Group, […]