Oil and Gas service

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 ...

Almetyevsk. TATNEFT Company invites suppliers to take part in procurement procedures for the equipment supply for the JSC TANECO’s construction site. Tender procurement procedures for the supply of equipment for the Company's Refinery and Petrochemical Plant Complex are published ...

Almetyevsk. Tatneft completed the acquisition of SIBUR’s petrochemical plant in Togliatti. The agreement of intent regarding the acquisition of assets, including the production of various types of synthetic rubber, used for the manufacture of high-performance tyres by leading Russian and ...

New Year is getting closer, while Naftogaz and Gazprom are as far from agreeing on gas contracts as they were a couple of years ago. Europe, fearing disruption in Russian gas supply, filled up all storage facilities to the full, has bought futures, and seems to have calmed down. The absence ...

St. Petersburg. Africa needs infrastructure to transport gas. This was announced by Natalia Zeizer, the Chairman for the African Business Initiative UNION during the panel discussion “Russian-African Gas Dialogue: Prospects for Cooperation and Innovative Approaches” at the ...

Moscow. The Gazprom Management Committee took note of the information about the progress of major investment projects. The Company is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline. Efforts for filling up the pipeline with ...

Singapore. Oil prices rebounded in early Asian trade on Tuesday after production at the world’s largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices. December Brent crude futures LCOc2 rose 44 cents, or 0. 7% to $59. 69 a ...

Moscow. Alexander Novak, Minister of Energy of the Russian Federation, Vladimir Yakushev, RF Minister of Construction, Housing and Utilities, and Vagit Alekperov, President of LUKOIL, held a working meeting with Batu Khasikov, Head of the Republic of Kalmykia, today in Elista, the ...