Oil and gas: page 13

Moscow. Russia's Sberbank appealed to law enforcement agencies on suspicion of unlawful activities of the former main shareholder of Antipinsky Oil Refinery Dmitry Mazurov and the former head of the oil refinery Gennady Lisovichenko, Sberbank which is the main shareholder of the oil refinery ...

Moscow. Russia has finished laying nearly two thirds of the Nord Stream 2 natural gas pipeline along the bottom of the Baltic Sea, the deputy chairman of Gazprom’s management committee has announced. “The completion of the sea part [of Nord Stream 2] is around 60 percent, ” ...

Berlin. Oil and gas companies that supply Europe’s biggest energy market fuels for cars, trucks and heating may be soon be required to pay for carbon pollution allowances if a panel advising the government gets its way. Chancellor Angela Merkel this month started talks on how to force ...

Moscow. The sea part of the Nord Stream 2 pipeline is ready by almost 60%, Oleg Aksyutin, Deputy CEO of the Russian gas holding said in an interview with the Rossiya 24 TV channel on Monday. "The readiness of the sea part is about 60%, " he said. "All the works on ...

Tokyo. Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U. S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. Brent crude futures LCOc1 were down 10 cents, or ...

Basra. Iraq’s oil exports from its southern ports have reached 3. 42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from its southern Basra terminals fell to 3. 39 million bpd in June from 3. 441 million bpd in the previous month. ...

Baku. Construction work in the sea for the Balticconnector project offshore pipeline was completed on July 12, 2019, Trend reports citing the project’s website. Reportedly, pipe laying was finished at the end of June, and the shielding work was begun in mid-June. “Now that ...

Moscow. OAO Gomeltransneft Druzhba has cleansed its system of oil pipelines from polluted Russian oil, BelTA has learned. All the operations to remove substandard oil from the main pipelines and tank farms in the Belarusian territory were finished on 11 July. The oil pipeline from the ...

Moscow. The International Energy Agency (IEA) is predicting the return of a glut in the oil market in 2020, as OPEC expects demand for its crude to drop while its competitors increase production. In the first half of this year, the supply of oil exceeded global demand by 0. 9 million ...

Singapore. Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer. Brent crude futures LCOc1 for September fell 21 cents to $66. 51 a barrel by 0222 GMT ...

Baku. The engineers behind the Shah Deniz 2 project, delivering gas from Azerbaijan to Europe direct for the first time, have received the Royal Academy of Engineering’s Major Project Award for 2019 for their collaboration to deliver this complex major offshore, onshore and pipeline gas ...

Moscow. July 12 witnessed putting two hydrotreating units for kerosene and diesel fuel at the TANECO Oil Refining Complex of TATNEFT Company into operation in the mode of comprehensive testing. July 12 witnessed putting two hydrotreating units for kerosene and diesel fuel at the TANECO Oil ...

Berlin. German conglomerate Siemens has applied for a special investment contract to localize production of its high-capacity gas turbines in Russia. The move follows a 2017 scandal over the supply of Siemens turbines to Crimea. Under the terms of the contract, the components of the ...

Moscow. Russia’s oil producer Gazprom Neft increased export of ARCO and Novy Port grade oil (from Arctic fields Prirazlomnoye and Novy Port) by 10% year-on-year — to 5. 5 million tonnes, the company reported on Wednesday. "Over the first half of the year, the company ...

Seoul. Oil prices rose on Friday, hovering near six-week highs, as U. S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East. Brent crude LCOc1 futures were up 29 cents, or 0. 4%, at ...

London. Three Iranian vessels tried to block the passage of a BP-operated tanker through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday. The stand off followed a warning by U. S. President Donald Trump that U. S. sanctions ...

Moscow. Russian Energy Minister Alexander Novak has discussed with CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al Jaber issues of bilateral cooperation in production of hydrocarbons and liquefied natural gas (LNG) and in geological exploration, the Russian Energy Ministry said ...

Baku. At the beginning of next year, the Norwegian company Equinor (former Statoil) plans to start drilling the first well in the Aypara area in the northern part of the Azerbaijani sector of the Caspian Sea, Trend reports with reference to sources involved in the project. "The ...