Oil and gas: page 4

Baku. Elnur Soltanov has been appointed new deputy energy minister of Azerbaijan, told the ministry Dec. 28. Earlier, Soltanov served as director of the Caspian Center for Energy and Environment at the ADA University, as well as dean of the University’s faculty of public and ...

Moscow. The construction of the Nord Stream 2 pipeline to deliver Russian natural gas to Germany is already underway and no US threats can stop it now, European Commissioner Guenther Oettinger said. US President Donald Trump said earlier it was not right that Germany would be paying billions ...

Moscow. Russia and Armenia will intensify their talks on gas, Kremlin spokesman Dmitry Peskov told reporters. According to him, this topic was touched upon at the meeting of the Russian President Vladimir Putin and acting Armenian Prime Minister Nikol Pashinyan in Moscow on December 27. ...

New York. Oil prices steadied after a week of volatile trading ahead of the New Year holiday, supported by a rise in U. S. equity markets but pressured by worries about a global glut of crude. Brent crude LCOc1 futures rose 4 cents to settle at $52. 20 a barrel, off the session high of ...

Moscow. PAO "NOVATEK" and Saibu Gas Co. , Ltd. (Japan) signed a Memorandum of Understanding (MOU), whereby the parties agreed to consider potential cooperation to enter the end-customer market and optimize NOVATEK’s LNG portfolio supplies to the Asia-Pacific region by utilizing ...

Moscow. Between October and December this year the volume of oil product transportation by Freight One’s tank cars from the Kuibyshev Railway to Tuapse Commercial Sea Port increased by three times, to 200, 000 tonnes. Freight One maped the route of transportation of Rosneft oil ...

Baku. The Trans Anatolian Natural Gas Pipeline (TANAP) plays an important role in consolidating the role of Gas Exporters Countries Forum (GECF) in ensuring Europe’s energy security, told GECF. "The recent commissioning by Azerbaijan of the giant Shah Deniz 2 project, South ...

Moscow. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the launch of commercial production of crude oil at the Yaro-Yakhinskoye field developed by Arcticgas, a joint venture between NOVATEK and Gazprom Neft. The field’s crude oil production capacity is ...

Seoul. Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U. S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Oil prices fell to their lowest in more than a year, ...

Baku. Southern Gas Corridor (SGC), which envisages transportation of Azerbaijani gas to Europe, allows more integration of gas infrastructure, told Gas Exporting Countries Forum (GECF). Based on projections from GECF GGO 2018, Europe will increase its net imports of natural gas from 278 ...

Kazan. PJSC TATNEFT and OOO Volkswagen Grupp Rus are launching a joint project “For Clean Present. For Healthy Future". The project presentation in a press conference format was held at the TTC-24 dealer center in Kazan on December 26 with the participation of representatives from ...

Saudi Arabia. Saudi Aramco is establishing a domestic fuel retailing subsidiary as part of the national oil company’s drive to expand beyond crude oil production into downstream businesses. The new firm, Saudi Aramco Retail Co, will create a network of filling stations within Saudi ...

Republic of Tatarstan. A solemn ceremony of awarding the grants of TATNEFT Company took place at the Neftche Palace of Culture in Almetyevsk (the Republic of Tatarstan) on December 25. The event was attended by R. N. Mukhamadeyev, Deputy General Director of PJSC TATNEFT, A. R. Khairullin, ...

Russian President Vladimir Putin suggested that domestic businesses should take part in the development of the natural gas based motor fuel market in the country. "I would like to propose the following initiative to our leading companies: to take part in the development of the market of ...

Seoul. Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0. 15 percent, at ...

Moscow. Oil in London fell below $50 a barrel for the first time since July 2017 as broader financial market turmoil and worries over U. S. supply countered signs the OPEC+ coalition may extend or deepen output cuts. Futures fell as much as 1. 1 percent, after 6. 2 percent drop. ...

Moscow. Russia and Belarus should elaborate proposals on gas pricing from 2020, First Deputy Prime Minister of Russia Anton Siluanov told reporters after the bilateral summit. "We have gas pricing - we should decide on this issue and work out proposals on pricing for this kind of ...

Baku. Kazakh oil and gas construction company KazStroyService (KSS) is implementing 8 projects in three countries, told Rashid Shirinov. In Kazakhstan, they include the construction of the Kyzylorda-Astana section of the Saryarka Gas Pipeline project; civil Installation of the Multi Well ...