Oil and gas: page 4

Moscow. Construction of the Nord Stream 2 gas pipeline has been completed by 71%, the Russian gas holding said on Thursday. "Construction of the Nord Stream 2 gas pipeline continues. In all, 1, 739. 4 km of the gas pipeline have been laid on the bottom of the Baltic Sea by now ...

Tokyo. Oil prices rose more than 2% on Friday, rebounding from their biggest falls in years after U. S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers. Brent crude futures LCOc1 ...

Moscow. European Commission has approved public support for Croatian LNG terminal, Trend reports citing the Commission. “The European Commission has found Croatian plans to support the construction and operation of a liquid natural gas (LNG) terminal at Krk island to be in line ...

Chisinau. Moldovan President Igor Dodon plans to visit Moscow in late August to discuss new conditions for gas deliveries and possible negotiate lower prices. "We plan to get a discount [for gas] at around 20-30%, " Dodon told NTV Moldova TV channel on Wednesday. "I ...

Baku. In the first half of 2019, Azerbaijan’s state oil company SOCAR paid more than 741. 3 million manats to the state budget of Azerbaijan, reports July 31. This figure is 2. 7 percent or 19. 7 million manats more than in the same period of 2018. Last year, 94 percent of the ...

Moscow. The production of hydraulic oils is an important accomplishment in the framework of modernizing of the TATNEFT’s oil production business. The Company selected domestically manufactured technological equipment and automation tools to equip the new production following the course of ...

Tokyo. Oil prices skidded on Thursday, declining for the first time in six days, after the U. S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U. S. talks ended without apparent progress towards resolving a bitter trade dispute. Brent crude futures, LCOc1 the ...

Moscow. Russia’s Deputy Prime Minister Dmitry Kozak has instructed the government to consider ways of providing support to the Antipinsky Oil Refinery, Ilya Dzhus, spokesman for the Deputy Prime Minister, told TASS. Kozak instructed them to work on it, that should be done in ...

Moscow. Saudi Arabia is struggling in its key economic and geopolitical ambition to position itself as the key substitute in Asia in general and China in particular for lost Iranian barrels due to re-imposed sanctions by the US. The opportunity is huge as, a senior source who works ...

Moscow. Russian President Vladimir Putin signed the law introducing corrections since July 1, 2019 into the currently used ‘damping’ mechanism for stabilization of gasoline and diesel fuel prices. The document was posted on the official web portal of legal information. The law also ...

Tokyo. Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U. S. inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years. Brent crude LCOc1 was up 44 cents, or 0. 7%, at ...

Beijing. Chinese imports of Iranian oil dropped nearly 60% in June compared to the previous year after the US reinstated its sanctions against the Islamic Republic in May. Iranian Vice President Eshaq Jahangiri has urged its leading economic partner China and other Iranian allies to ...

Singapore. Singapore Exchange will stop producing and publishing its spot price indices - Sling - for liquefied natural gas (LNG), less than four years after their launch, dashing the city-state’s hopes of becoming Asia’s main pricing hub for the fuel. Sling - short for ...

Kiev. Ukraine is filling its underground storage facilities with natural gas, preparing for the winter without transit of Russian fuel, Representative of the Ukrainian President in the Cabinet of Ministers Andrey Gerus said in an interview with RBC-Ukraine. "If you are ready for ...

Moscow. National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum (an ADNOC Group company, and JV with CNPC) to provide Front End Engineering Design (FEED) services for the Belbazem Block ...

Tokyo. Oil prices extended overnight gains on Tuesday amid widespread expectations the U. S. Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude LCOc1 rose 30 cents, or 0. 5%, to $64. 01 a barrel by 0013 GMT, after gaining 0. 4% ...

Moscow. Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline project, requests the European Court to cancel discriminating measures against the project, the company said on Friday. "Nord Stream 2 AG brought an action for annulment before the General Court. Nord Stream 2 ...

Rome. Snam and IP have agreed to construct an initial 26 new natural gas refueling plants, which will open across IP’s distribution network in Italy in 2020, Trend reports citing Snam. “The new openings comprise the first phase of the 2018 framework agreement between IP ...