Oil and Gas service

Abu Dhabi. Abu Dhabi is seeking to create a national champion in oil services by merging National Petroleum Construction Co. and local rival National Marine Dredging Company PJSC. NMDC shares rose 14% in Abu Dhabi on Sunday to 5 dirhams, their highest since March 2017, after NPCC’s ...

Minsk. Belarusian oil refineries intend to process at least 16-16. 5 million tonnes of oil in 2020. Alternative oil will account for at least 10% of the volume, BelTA learned from Chairman of the Belarusian state petrochemical concern Belneftekhim Andrei Rybakov after a government conference ...

Washington. Oil exploration and production giant, ExxonMobil, has announced the appointment of Richard Laing, as the new Chairman and Managing Director of its 3 affiliate firms in Nigeria with effect from August 1, 2020. The disclosure was made in a statement by the Manager Media and ...

Washington. After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be viable. According this to Bloomberg. According to Exxon Mobil, one-fifth of the world’s oil and gas ...

Moscow. Rosneft reduced fugitive methane1 emissions in the Upstream sector by 73% in 2019 as a result of a comprehensive programme of process improvements and methane emission reduction initiatives. Maximizing emissions reductions is a key element of the Rosneft-2022 Strategy. The Company ...

St. Petersburg. Gazpromneft-Catalytic Systems continues to put in place the equipment needed for Russia’s first ever modern refining-catalyst manufacturing plant, with specialists at R&D Enterprise Mashprom having now completed preparations for a consignment of equipment for the ...

Nizhnekamsk. Two new installations were commissioned at the TANECO Complex: hydrotreatment of heavy coking gas oil and extractive distillation with sulfolane. The launching of new operations in the central operator room of the complex was performed with participation of Rustam Minnikhanov, ...

Singapore/Melbourne. Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand. Brent crude oil LCOc1 futures for May delivery rose by 62 ...

Baku. Malaysia’s PETRONAS company will continue all essential services, Trend reports citing the company. The government of Malaysia has announced Movement Control Order effective 18 March 2020 to 31 March 2020. These measures amongst others require the closure of non-essential ...

Baku. Mozyr Oil Refinery JSC in Belarus has started refining the first batch of Azerbaijani oil purchased from State Oil Company of Azerbaijan SOCAR, Spokesperson of the Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern) Alexander Tishchenko told Trend. “The first ...

Minsk. Belarusian petrochemical companies signed over €2 million worth of contracts during the international textile expo Yarn Fair, which took place in Istanbul, Turkey on 27-29 February, representatives of the BelInterExpo enterprise of the Belarusian Chamber of Commerce and Industry ...

Moscow. Messoyakhaneftegaz, the Gazpromneft-Rosneft joint venture, delivered total production of more than 5. 6 million tonnes of oil equivalent (mtoe) as at year-end 2019 — a 22-percent increase on 2018. Production at the Vostochno-Messoyakhskoye field (in the Gydan Peninsula, ...

Moscow. The demand for LNG, bio and low-sulphur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9. 5 million m3 to 9 million m3, Port of Rotterdam Authority said in its release. In the last quarter of 2019, ...

Nizhnekamsk. The process licensor has successfully carried out guarantee tests of the heavy coking gas oil hydrotreatment unit in the comprehensive testing mode at the TATNEFT’s JSC TANECO oil refinery complex. The hydrotreatment technology for petroleum feedstock is one of the most ...

Seoul. South Korea’s third-biggest refiner, S-Oil, has signed a contract to supply a total of 3. 1 trillion won ($2. 66 billion) of refined oil products to Saudi Aramco’s trading arm, it said on Wednesday. A regulatory filing showed the firm will supply up to 10 million barrels ...

Tokyo. Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand. Brent crude LCOc1 was down 37 cents, or 0. 6%, to $58. 95 at around 0348 GMT, after touching a three-month low ...

Teheran. The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry. According to IOOC, the system was launched in order to comply with international and national requirements for the standard, safe ...

Moscow. Petkim petrochemical facility of Azerbaijan’s state oil company SOCAR in Turkey has been listed among 18 New Factories of Future Drive Impact in Fourth Industrial Revolution, reads the report released by the World Economic Forum (WEF), Trend reports. Petkim produces plastic ...