Oil and Gas service

Washington. There’s a new kind of oil coming out of West Texas. Oil producers in the Permian Basin have started selling a new stream of light crude, said people familiar with the matter, securing a market for the increasingly less dense oil being pumped from the largest U. S. shale ...

Moscow. The first power unit of the nuclear power plant (NPP) under construction in Uzbekistan by the Russian state-run corporation Rosatom will be put into service in 2028, aide to Russian President Yuri Ushakov told reporters on Tuesday. "The project cost is estimated to be about $11 ...

Baku, Azerbaijan. The Southern Gas Corridor, which provides for the transportation of Azerbaijani gas to Europe, will ensure energy security by diversifying the sources of energy supply, the US Deputy Assistant Secretary of State for European and Eurasian Affairs George Kent said Oct. 10 at a ...

Baku, Azerbaijan. The demand for liquefied natural gas (LNG) is expected to outpace the supply growth after 2025, the leading data and analytics company GlobalData told Trend. "The number of LNG importing countries has increased from 13 in 2003 to 40 in 2018. Traditionally the main ...

Baku, Azerbaijan. The Azerbaijani state oil company SOCAR is waiting for the decision of the Albanian government on the feasibility study of the general gas supply plan for the country, the head of SOCAR Balkan, Murad Heydarov told Trend. "The final document of the feasibility study ...

St. Petersburg. Gazprom and Shell inked a framework agreement on the technical concept of the Baltic LNG, TASS reports from the scene on Thursday. The document was signed by Chief Executive Officer of Gazprom Alexei Miller and Executive Committee Member of Royal Dutch Shell Maarten ...

St. Petersburg. European countries that participate in the Nord Stream 2 gas pipeline project are interested in its implementation and fully support the construction of the pipeline, Austrian Chancellor Sebastian Kurz told the press conference after talks with Russian President Vladimir Putin. ...

Baku, Azerbaijan. Construction progress of the Trans Adriatic Pipeline (TAP) in Albania is steady and proceeding at a great pace, Albania’s Deputy Minister of Infrastructure and Energy Enis Aliko told Trend. He noted that during the last few months, TAP has not had any requirement ...

Baku, Azerbaijan. As much as 99 percent of the Trans Adriatic Pipeline (TAP) route in Greece and Albania has been cleared, TAP AG consortium said in a message. Once built, the Trans Adriatic Pipeline TAP will offer a direct and cost-effective transportation route opening up the vital ...

Baku, Azerbaijan. A meeting was held between the Acting Chairman of the Board of Uzbekneftegaz JSC Bakhrom Ashrafkhanov and Senior Vice President, Deputy Regional Executive Director of Mitsubishi Corporation Kazuo Inada, UzDaily reported. During the meeting, Ashrafkhanov noted that the ...

Baku, Azerbaijan. The implementation of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, can help to reduce the cost of gas for Italian families, said TAP Managing Director Luca Schieppati. “Italian families pay 19 percent more for ...

Yuzhno-Sakhalinsk. Russia can increase production of liquefied natural gas (LNG) to 83 mln tonnes by 2035 from the current 21 mln tonnes, Head of Department of Oil and Gas Production and Transportation at the Russian Energy Ministry Alexander Gladkov said at the Sakhalin Oil & Gas Conference ...

Baku, Azerbaijan. The work as part of the Shah Deniz Stage 2 project, a. k. a. the Shah Deniz full field development (FFD), is progressing ahead of schedule, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones told reporters in Baku Sept. 11. He said that the BP started ...

Moscow. The Nord Stream 2 gas pipeline to Europe will double Russian natural gas supplies to Germany via the Baltic Sea and reduce transit across Ukraine. With the first deep water pipes for the Nord Stream 2 project already being laid, this is a clear signal that the new natural gas ...

Moscow. PJSC "LUKOIL" took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The commercial production is scheduled to start in 2023. The field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, ...

Tripoli. Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC) lifted the force majeure on four ports in the eastern part of the country after the ...

Berlin. US threats to impose sanctions against European companies involved in construction of a gas pipeline link between Russia and Germany have enraged a large German business group. "Threats of US sanctions against European companies invested in Nord Stream 2 encroach on European ...

Dubai. Mubadala Investment Co is holding talks with potential bidders for its Spanish oil company Cepsa Trading as it weighs alternatives to an initial public offering planned for later this year, according to people familiar with the matter. Investment firms including CVC Capital Partners ...