Oil and gas: page 21

Baku. Azerbaijan considers it necessary to extend the OPEC + deal, and under the same conditions, Azerbaijan’s Energy Minister Parviz Shahbazov told reporters on the sidelines of the Future Leaders Forum of the World Petroleum Council in St. Petersburg, Trend reports. “I think ...

Buenos Aires. Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The driller issued $500 million of 10-year, dollar-denominated notes to yield 8. 75%, according to people ...

St. Petersburg. Shell decided to withdraw from the Baltic LNG project because it does not agree with the change in its concept, Cederic Cremers, Shell Russia Chairman, told TASS on the sidelines of the forum of future leaders of the World Petroleum Council. "The reason is that we ...

Tokyo. Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. Benchmark Brent crude futures were down 57 cents, or 0. 9%, at $64. 29 a barrel by 0342 GMT. ...

Moscow. A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown. The only question now is how high crude go could. Earlier in June, an adviser to Iran’s Supreme Leader Ali ...

Moscow. Russia is ready to continue with its natural gas transit via the territory of Ukraine after 2019 based on economically profitable conditions and a just decision of court disputes between Ukraine’s Naftogaz energy company and Russian energy giant Gazprom, First Deputy Head of the ...

Tokyo. Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U. S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 25 cents, or 0. 4%, at $65. 45 a barrel by 0325 GMT. ...

Moscow. Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion including debt, people familiar with the matter said. Chevron Phillips Chemical, one of the world’s top petrochemical ...

Moscow. Russian oil giant Lukoil and the country’s biggest independent gas producer, Novatek, are among the 20 biggest large-cap value creators for shareholders, the Boston Consulting Group (BCG) rating shows. Lukoil came in 10th and Novatek took 20th among 50 of the top companies, ...

Prague. The Czech Republic did not find the flow of non-compliant Russian oil pumped through the Druzhba pipeline, the chairperson of the National Office of State Reserves Pavel Shvagr. "We receive high-quality oil, " he noted. "This was confirmed by the tests, which were ...

Moscow. PJSC "LUKOIL" today held its Annual General Shareholders Meeting (AGM) in Moscow where the 2018 Annual Report of the Company and the 2018 financial statements were approved, as well as decision on distribution of profit for 2018 was made. The shareholders approved the final ...

Tokyo. Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran shot down a U. S. military drone and on hopes for a drop in U. S. interest rates that may stimulate global growth. While U. S. President Donald ...

Fujairah. The United States sought on Wednesday to bolster its case for isolating Iran over its nuclear and regional activities by displaying limpet mine fragments it said came from an oil tanker damaged in an attack last week and saying the ordnance looked Iranian in origin. Separately, a ...

Moscow. Phillips 66 is looking to build an offshore export terminal in the Gulf of Mexico, a project that would join a growing list of facilities being planned to handle the growing shipments of U. S. shale oil. The proposed deepwater port would be located about 21 nautical miles off the ...

Baku. The 2nd and 3rd stages of the modernization project of the Baku Oil Refinery named after Heydar Aliyev are currently being implemented in parallel, the Azerbaijani state-owned company SOCAR told Trend. It was noted that the new bitumen plant was commissioned during the 1st stage of the ...

Tokyo. Oil prices rose over 1 percent on Thursday as official data showed U. S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts. A pump jack operates at a well site leased by Devon Energy Production Company near ...

Moscow. The government of the Brazilian state of Amazonas assigned the priority status to Rosneft’s project in the Solimões Basin. According to the letter of intent signed between Rosneft Brasil (a 100% subsidiary of Rosneft) and the government of the Brazilian state, regional ...

Isfahan. Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India gas pipeline project, Russian Energy Minister, co-chairman of the intergovernmental commission of Russia and Iran on trade and economic cooperation Alexander Novak told reporters. "The ...