Oil and gas: page 13

Moscow. The Academician Chersky pipelaying vessel, indicated as a potential ship to complete the Nord Stream 2 pipeline construction, continues heading west. The ship departed from the port of Nakhodka in the Russian Far East and is now navigating around Africa. The current direction is Cape ...

Singapore. The cost of futures for Brent crude oil with settlement in May 2020 increased by 3. 5% to $28. 1 per barrel in the course of trading on the ICE Exchange in London, accoridn to the data of the trading site as of 04:28 Moscow time. At the moment the price of this blend reached $28. ...

Moscow. In 2019, Rosneft Deutschland GmbH, a subsidiary of Rosneft Oil Company in Germany, increased sales of polymer-modified bitumen (PMB) Alfabit by 37. 5% year-on-year. Alfabit is high-tech material, the distinctive features of which are high elasticity and wear resistance. Rosneft ...

Baku. Azerbaijan’s state oil company SOCAR has sent another batch of oil to Belarus, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend. Ahmadov noted that 85, 000 tons of oil has been sent to Belarus through Georgia’s Supsa port. ...

Moscow. The coronavirus pandemic is the most important uncertainty of 2020, it might delay the launch of new gas liquefaction facilities in anticipation of stabilization of markets, Head of the Contract Structuring and Pricing Directorate of Gazprom Export Sergey Komlev said in an article for ...

Moscow. PAO NOVATEK (the “Company”) announced the results of its Board of Directors (the “Board”) meeting held in preparation for the Company’s upcoming Annual General Meeting of Shareholders (“AGM”). The Board has approved the following agenda for ...

Moscow. In accordance with the Board of Directors of the Rosneft Oil Company decision amending the terms the share buyback Program UBS acting as an independent bank-agent started to purchase Company stocks and depositary receipts on the open market. On March 23, 2020 at the close of trading ...

Teheran. Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March. Speaking to reporters following the 8th meeting of oil producers from the Organization of the Petroleum Exporting Countries ...

Caracas. In 2019, a Curacao oil firm wrapped up a contract with the PDVSA on operating the Venezuelan company’s refinery on the Dutch island, which had a capacity for 335, 000 barrels per day. An oil storage terminal on the Dutch Caribbean island of Bonaire has been seized by ...

Tokyo. Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction. Brent crude LCOc1 futures fell $1. 09, or 4%, to $25. 89 a barrel by 0209 GMT. ...

London. An overall downward trend in the price of oil and gas has been exacerbated by COVID-19 and the failure of OPEC to agree to production restraints according the latest report from the oil and gas industry. The UK oil and gas industry is calling for major financial assistance and ...

Moscow. The global oil and gas industry has slashed at least $31 billion from investment budgets after crude’s epic price crash this month, and more cuts are likely to come. Producers are quickly switching gears to survive a flood of oil coming into the market as Saudi Arabia and ...

Moscow. Fitch Ratings has cut its short- and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020, Trend reports citing Fitch Rating. “We assume the market will gradually rebalance in the next two to three years, but we have also ...

Moscow. Vice President of Russia’s oil major LUKOIL Leonid Fedun considers it necessary to resume talks between Russia and Saudi Arabia to stabilize the situation on the oil market. "It is necessary to reach agreements again, though for doing that it is necessary to overcome the ...

Singapore. U. S. crude oil prices rose over $1 on Friday, extending steep gains from the previous session, after U. S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time”. Prices were also supported by United ...

ST Petersburg. The Bazhenov Technology Centre (a Gazprom Neft subsidiary) has cut the costs of producing oil at the Bazhenov Formation, from RUB30, 000 to RUB16, 000 per tonne. A viable production cost, of RUB8, 500 per tonne, is expected to be reached as soon as 2021. Gazprom ...

Moscow. The Kremlin believes that the current oil prices level is low, presidential press secretary, Dmitry Peskov told reporters on Wednesday. "Certainly, this is a low price; we would like to have it higher, " Peskov said, responding to a question whether the oil price of ...

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 ...