Oil and gas: page 4

Vladivostok. The Russian Energy Ministry predicts that the oil market will be stabilized by April 1, 2018, if that is not the case, the option of extending the OPEC + agreement will be used, said Russian Energy Minister Alexander Novak at the 2017 Eastern Economic Forum on Wednesday, Informs ...

Moscow. Gazprom Neft has become Russia’s first vertically integrated oil company (VIOC) to operate directly as a market maker on the St Petersburg International Commodity Exchange (SPMMEX) futures market. As part of a programme to support market offerings of physically-settled SPIMEX Urals ...

Vladivostok. Brent oil price in 2018 will be in the range of $45-55 per barrel, Russian Energy Minister Alexander Novak told reporters on the sidelines of the Eastern Economic Forum. "The range will be $45-55 per barrel, " he said, talking about Brent crude oil. The Russian ...

Moscow. Far Eastern Petrochemical Company and Corporation for the Development of the Far East signed the Agreement on the implementation of activities in the priority development area (PDA) at the III Eastern Economic Forum. Under the Agreement, FEPCO is awarded the status of a resident of ...

Moscow. PJSC LUKOIL tested a new technique of thermal-gas-chemical formation treatment at one of the Usinskoye field wells. During the tests, special chemical compounds were injected into the oil-saturated layer through separate channels: a solution of ammonium nitrate and sodium nitrite ...

Moscow. Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement and a contract for the supply of Russian crude oil at the 9th BRICS summit. The documents were signed by Igor Sechin, Rosneft Chief Executive Officer, and Chan Chauto, CEFC China President. The ...

Ashgabat. Turkmenistan’s President Gurbanguly Berdimuhamedov received Ahmet Calik, head of the Turkish construction company Gap Insaat, the Neutral Turkmenistan newspaper reported. Calik informed the president on the progress of construction of a gas chemical plant for urea production ...

kastoria, Greece. The construction of the Trans Adriatic Pipeline (TAP) in Greece’s Kastoria region is expected to start in coming months, Greek media reported citing Mayor of Kastoria Anestis Angelis as saying. He pointed out that the construction will last two years bringing many ...

Rome - Tehran. Italy’s Eni company is currently preparing the feasibility study for the development of oil and gas fields in Iran. "We signed two agreements to carry out feasibility studies on the development of oil and gas fields in the country. We have six months to present the ...

Moscow. Russia’s oil major Rosneft said on Sunday it has signed a strategic cooperation agreement and a long-term oil supplies contract with China’s energy company Huaxin. "On the margins of the 9th BRICS summit, Rosneft and China’s energy company Huaxin signed an ...

Moscow. Russia is implementing its liabilities under the OPEC+ deal, with production cuts reaching 344, 900 barrels a day in August, Russian Minister of Energy Alexander Novak said on Sunday. "In August 2017, overall oil production cuts amounted to 344, 900 barrels a day as compared ...

Moscow. Iraqi Oil Minister Jabbar al-Luaibi met with Vagit Alekperov, CEO of Russian oil major Lukoil, on Thursday and solved the bulk of outstanding problems with the company. Al-Luaibi told. “We held intensive negotiations with Lukoil and we have solved the majority of existing ...

London. U. S. crude futures fell in Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with nearly a quarter of U. S. refining capacity offline. U. S. West Texas Intermediate (WTI) Clc1 was down 27 cents, or 0. 6 ...

Baku. The profitability of of the existing/ongoing projects comprising Southern Gas Corridor is independent from any third party gas suppliers. This was stated from Azerbaijan’s Southern Gas Corridor CJSC. "Southern Gas Corridor is chain of interlinked projects comprising one ...

] Moscow. Russian oil pipeline monopoly Transneft will pay 3, 875 rubles per common and preferred share, or a total of 27. 607 billion rubles, in dividends for January–June. The company said in a statement on Thursday. The Federal State Property Management Agency, the sole owner ...

London. Tropical Storm Harvey’s effect on the energy industry has spread beyond flooding U. S. refiners as fuel pipelines also shut, threatening a supply squeeze across the nation and stirring up world markets as U. S. retail fuel prices rose further. The storm, which lashed Louisiana ...

Moscow. Gazprom intends to supply only its own gas to China via Power of Siberia pipeline, not from third-party producers. The representative of the Russian gas holding said during a conference call. "We are confident that by the contractual date the pipeline will be commissioned and ...

Tehran. Following the signature of a $4. 8 billion contract for the development of Phase 11 of South Pars gas field with a consortium of France's Total, China's CNPCI and Iran's Petropars, National Iranian Oil Company (NIOC) announced its obligation to finalize 10 more contracts for ...