Oil and Gas service

St. Petersburg. Gazprom has resumed talks with South Korea on the construction of a gas pipeline through the territory of North Korea, Deputy CEO Vitaly Markelov told at a press conference. "To date, the political situation has been somewhat different, and the South Korean side has ...

Baku. The Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, will enhance the resilience of Europe's energy markets, the US State Department told Trend. "The project will enhance the resilience of Europe's energy markets and reduce its ...

New York. ExxonMobil, which unlike its competitors steered clear of energy trading in the past, has recently started to hire experienced traders as it aims to trade more of its products to increase profits, Reuters reported on Tuesday, citing employees, recruiters, and people familiar with ...

Baku. Trans-Anatolian Natural Gas Pipeline (TANAP) is an indicator of trust between Azerbaijan and Turkey, Turkish President Recep Tayyip Erdogan said June 12 at the TANAP opening ceremony in Turkey’s Eskisehir. Erdogan said that TANAP is also an indicator of multilateral cooperation. ...

Moscow. Berlin considers the Nord Stream 2 gas pipeline to be an important economic project, which should not be threatened with sanctions of the third countries, Vice President of the Bundestag Thomas Oppermann said on Friday. "Nord Stream 2 is an important economic project, ...

Rio de Janeiro. Some of the world’s biggest oil companies bid aggressively in Brazil’s latest offshore bid round on Thursday, snapping up acreage in three blocks in the coveted pre-salt layer, despite the recent turmoil in the country’s oil industry and renewed anxiety over ...

Stockholm. The Swedish government has approved the construction of the Nord Stream 2 gas pipeline in its waters, the minister for enterprise and innovation, Mikael Damberg, said at a special briefing. "The government gives permission to Nord Stream 2 to lay a gas pipeline in the ...

Ashgabat. Political consultations were held in Ashgabat at the level of deputy foreign ministers of Turkmenistan and Poland, the Turkmen Foreign Ministry said in a message. The Polish side was headed by Deputy Foreign Minister Andrzej Papierz. The participants of the meeting discussed the ...

New York. The US government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter. The rare request came after US retail gasoline prices surged to their highest in more than three ...

Vienna. The US is force-feeding Europe its liquefied natural gas, which is three times more expensive that buying it from Russia, Austrian President Alexander Van der Bellen said after signing a gas-supply contract with Moscow until 2040. While US politicians are accusing Europe of ...

Moscow. The Stockholm Arbitration Court has upheld the petition of Naftogaz of Ukraine demanding to seize the shares of Gazprom in its Dutch subsidiaries and the debt of these subsidiaries, Naftogaz said in a press release. Naftogaz notes that the petitions were filed to secure its right to ...

Beirut. Beirut has announced the start of its oil and gas exploration for offshore energy reserves in the Mediterranean after approving a plan submitted by a consortium of France’s Total, Italy’s Eni and Russia’s Novatek. Energy and Water Minister Cesar Abi Khalil said ...

Moscow. Russian President Vladimir Putin has marked opportunities for development of Russian-Bulgarian cooperation on gas transit. Speaking after talks with Bulgaria’s Prime Minister Boyko Borisov, Putin recalled that Russia ensures 100% of that country's need for natural ...

Baku, Azerbaijan. The Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, is over 72. 5 percent complete, TAP President Walter Peeraer said in an interview with Trend. "The Trans Adriatic Pipeline is on schedule. In terms of overall ...

Riyadh. Saudi Aramco on Sunday signed the unconventional gas stimulation services contract with Halliburton to further improve the economics of Saudi Aramco’s Unconventional Resources Program. The contract signing ceremony, attended by Amin H. Nasser, President and CEO of Saudi Aramco ...

St. Petersburg. Russia’s state-run gas giant Gazprom and Turkey signed a protocol on Saturday on a land-based part of the transit leg of the TurkStream gas pipeline, due to supply Russian gas to European customers, Gazprom said. In addition to the protocol, Gazprom and Botas inked an ...

Washington D. C. The US is interested in force-feeding its liquefied natural gas on the European gas market so it seeks to stop Russia’s Nord Stream 2 pipeline, Thilo Wieland, a board member of German energy company Wintershall, said at SPIEF. “The United States is openly ...

St. Petersburg. Russia's energy giant Gazprom and Serbia agreed on long-term cooperation in expanding the country’s gas transit network, including from Bulgaria to Hungary, Minister of Energy and Mining Aleksandar Antic told TASS. "Serbia has made the decision on long-term ...