Oil and gas: page 13

Caracas. Potential U. S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries. U. S. refineries that depend on ...

Baku. The Trans Adriatic Pipeline (TAP) project will become a timely gas supply source for Italy, said Michele Mario Elia, country manager of TAP Italia. “TAP is a priority project for Europe. To date, more than 80 percent of the pipeline has been built. We are working to ensure ...

Sydney. Oil prices declined amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in U. S. crude inventories. International Brent crude oil futures LCOc1 were at $60. 89 a barrel at 0352 GMT, down 25 cents, or 0. 4 percent, from ...

Alberta. Alberta is working to encourage construction of a C$2 billion ($1. 5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products. The facility, designed by Calgary-based Value Creation Inc. , would be located near ...

Moscow. TATNEFT Company has obtained the patent of the Russian Federation No. 2674355 for the invention “Method of construction of a multilateral well and a device for the well cementing”. The patented device is used for drilling, cementing and workover of oil and gas wells and ...

Davos. Prolonging the deal to cap oil production within the OPEC+ structure until the end of 2019 makes economic sense because it maintains the oil market’s balance within the range of $60-70 per barrel, told President of Azerbaijan Ilham Aliyev on the sidelines of the Davos Forum. ...

Singapore. A senior executive with China’s private energy company ENN Group is leaving the firm to join independent resource developer Pacific Oil and Gas, people with direct knowledge of the move told Reuters. Ma Shenyuan, formerly a senior vice president of ENN Group and head of its ...

Singapore. Oil prices were steady on hopes that increased Chinese spending would stem an economic slowdown that is showing signs of spreading and has been weighing on financial markets. International Brent crude oil futures were at $61. 49 per barrel at 0314 GMT, virtually unchanged from ...

London. The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows. DNV, a technical adviser to the energy industry, surveyed 791 senior professionals from firms with ...

Brussels. Ukraine's Naftogaz and Russia's Gazprom can clinch a settlement deal, Russian Energy Minister Alexander Novak told reporters on Monday. "Gazprom is working [on claims], and we expect consideration by an appeal instance in the Swedish court in near future. This is a ...

Ohio. An explosion of an Enbridge Inc natural gas pipeline in Ohio created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion occurred on Enbridge’s Texas Eastern pipeline system and appeared to have destroyed two homes, said Chasity ...

Sydney. Oil prices edged lower as concerns over global economic growth stoked fears over future demand. International Brent crude oil futures were down 10 cents, or 0. 2 percent, at $62. 64 by 0106 GMT. They closed down 0. 1 percent. U. S. West Texas Intermediate (WTI) crude futures ...

Mexico. Mexico’s state oil firm, Pemex, did not close the valve at a leaking gasoline pipeline when first notified because it was not initially thought to be an “important” leak, Mexico’s security minister said on Sunday, informs Reuters. The pipeline in central ...

Nigeria. Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4. 1 billion and will seek to sign service deals to increase production from three leases. The Nigerian National Petroleum Corp. , or NNPC, is in discussions with Lagos-based ...

Beijing. Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which maximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas. Refiners processed 603. 57 million tonnes of crude ...

Moscow. Belarusian Ambassador to Russia Vladimir Semashko has said he sees the priority of his mission in Moscow in removing deficit in trade with Russia. "As a matter of fact, the Belarusian president has set a key task to spare no effort to remove serious trade deficit. Our external ...

Singapore. Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. Prices are further being supported by supply cuts led by the ...

Khanty-Mansiisk. 20. 337 mln tons of oil were produced in KhMAD in December, which is 0. 782 mln tons less than in November, according to the estimates by the Oil and Gas Information Agency. Drilling footage increased and reached 1 mln 376. 019 thousand meters. Producers drilled 20. 743 ...