Oil and Gas service

Moscow. TATNEFT has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been the TATNEFT Company’s partners in the deal. The cooperation of TATNEFT and ...

In a task as difficult as forecasting oil prices mistakes are inevitable. Because in the future some major events may happen that will dramatically change the prevailing trend. Last year my forecast for 2018 was that the Brent would slowly grow in the interval of $62-81. It worked well ...

Baku. The Trans Adriatic Pipeline (TAP) AG and the Greek National Natural Gas System Operator (DESFA) SA have signed an agreement on the maintenance of Greek section of the TAP pipeline, Trend reports citing TAP AG consortium. The agreement was ratified by the competent Regulatory ...

SIngapore. Oil prices rose on Thursday, buoyed by a drawdown in U. S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action. Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although ...

Seoul. Oil prices ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and improve the demand outlook, while an increase in U. S. crude inventories to their highest in a year curbed gains. U. S. crude futures CLc1 rose 38 cents, or 0. 8 ...

Moscow. Formation of the common gas market in the Eurasian Economic Union (EAEU) will be discussed at a session of the Eurasian Intergovernmental Council that will take place in Minsk on 27 November. The session will be attended by the prime ministers of the Eurasian Economic Union participating ...

Moscow. The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Hou Qijun, Vice President of CNPC, took place today in Guangzhou, People’s Republic of China. The meeting ...

Minsk. Belarus offers four sites on concession terms – a quartz sand site and three oil-bearing areas. This was reported by BelTA in the Ministry of natural resources and environmental protection of Belarus. A tender has been opened for the quartz sand site Gorodnoye (the eastern part) ...

Moscow. Billionaire Mukesh Ambani-owned Reliance Industries Ltd. is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter said. The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to ...

Beijing. China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global LNG demand growth, energy consultancy Wood Mackenzie said in a new report last week. The country’s spike in LNG usage comes as ...

Baku, Azerbaijan. Almost 99 percent of the Trans Adriatic Pipeline’s (TAP) route in Greece and Albania has been graded, Lisa Givert, TAP Head of Communications, told Trend. "In Greece, as of mid-September, 540 km of our right of way have been cleared, approximately 538 km ...

Ashgabat, Turkmenistan. The European Union has shown great interest in the construction of the Trans-Caspian gas pipeline and the supply of Turkmen natural gas to the European market, the state news agency Turkmen Dovlet Khabarlary reported Oct. 23. This issue was raised during the recent ...

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 ...