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New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.
The joint venture between the two companies was set up to develop licence blocks in Russia's Yamal peninsula.
Currently, all office employees of the company are now working remotely, with 70% in their third week.
In the event of another deadlocked meeting on 6 April, Saudi Arabia will suffer a bigger hit than Russia with regards to the impact on oil and gas revenues, fiscal breakeven price, fiscal deficit and foreign currency reserves, budget deficits and domestic policy.
The company's 2019 projects were mainly concentrated in Russia and Uzbekistan.
The company has terminated its operations in Venezuela.
Indian Oil Corp. will import 2 million t of Ural grade crude oil during 2020.
Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.
Rystad Energy has outlined three possible scenarios for Russia’s largest gas conduit to Europe beyond 2020.
The agreement was made at the Russia-Africa summit in Sochi, Russia.
TMK provides tubular products for the oil and gas industry.
Ghasha is aiming to develop previously undeveloped deposits of gas, oil and gas condensate as part of nine shallow fields in the Arabian Gulf west of Abu Dhabi.