Oil and gas: page 4

Moscow. BP as operator of the Shah Deniz field development project advises that as part of its SD annual work programme it will implement a planned facility shut down (turnaround - TAR) on the Shah Deniz Alpha (SDA) platform in the Caspian Sea, as well as the Shah Deniz 1 facility inside ...

Berlin. One of the European participants in the Nord Stream 2 project, Uniper, is in contact with official agencies about pressure from the United States and considers sanctions to interfere in European sovereignty, the company’s representative told TASS. "Uniper is currently ...

Moscow. The State Historical Museum opens exhibition of portraits by Fyodor Rokotov in Moscow, Russia, today. The first ever display of the ultimate collection of portraits by one of Russia's most famous psychological portraitists, recognized as a major influence on the Russian painting of ...

Tokyo. Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding to a record decline in U. S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer. Brent crude was up by 14 cents, or 0. 3%, at $43. 08 ...

Moscow. Brent oil prices can grow to about $45 per barrel in average over the year in 2021 and to $53 per barrel in 2022, Fitch Ratings says in its research on Wednesday. It is expected to be about $45 per barrel in 2020 and at the level of $55 a barrel after 2022, the Agency reports. WTI ...

Moscow. Oil producer Apache Corp and its joint venture partner Total SA said on Wednesday they made their third oil discovery offshore Suriname, sending Apache’s shares up 14% in after-market trading. The Suriname discovery, dubbed “among the most anticipated in the ...

Baku. The preparation of a new strategic plan for the development of Azerbaijan’s State Oil Company (SOCAR), which will cover the period until 2035, is scheduled to be complete until September this year, the company’s Vice-President Khalig Mammadov said. Mammadov made the ...

Washington. The US administration has extended the permit for the export of liquefied natural gas (LNG) until 2050, US President Donald Trump said in Texas on Wednesday. His speech was broadcast by national news broadcasters. "My administration is announcing today that export ...

Melbourne. Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August. U. S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0. 2%, to ...

London. Tullow Oil said on Wednesday it was set to book $1. 4-1. 7 billion in impairments before tax in its half-year results, due on Sept. 9, as it follows larger rivals in lowering its oil price forecasts. Tullow, which had a market capitalisation of $508 million on Tuesday and net debt ...

Baku. The last weld in the Trans Adriatic Pipeline (TAP) was completed, Trend reports citing the TAP AG consortium. “This means that 878 kilometers are now joined, from the Trans Anatolian Natural Gas Pipeline (TANAP) through to the Pipeline Receiving Terminal in Italy. This is ...

Nizhnekamsk. An Agreement of Intent and a Roadmap for the implementation of the joint project has been signed in Nizhnekamsk today by the heads of the Russian and the Kazakh companies. PJSC TATNEFT and JSC Allur Group of Companies will establish a joint tyre manufacturing facility in ...

Moscow. Nord Stream 2 AG, the Swiss-based operator of the Nord Stream 2 pipeline project, has filed an appeal against the General Court of the European Union’s decision to dismiss the company’s claim against the EU Gas Directive, the press service of Nord Stream 2 AG told TASS on ...

Tokyo. Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U. S. and elsewhere. Brent crude futures LCOc1 were up by 14 cents, or ...

Moscow. Germany continues viewing the Nord Stream 2 gas pipeline as an economic project and Berlin does not support unilateral economic sanctions of the United States against it, German Government’s spokesperson Ulrike Demmer said at the briefing on Monday. "The government’s ...

Gomel. The northern branch of the Belarusian industrial group Belorusneft has acquired a state-of-the-art drilling rig, the company's press service told BelTA. The Belorusneft Siberia enterprise has commissioned a new-generation Russian drilling rig BU 6000/400. The rig will be used to ...

Moscow. Gazprom Export is in contact with its partners regarding the pipeline accident on the border between Bulgaria and Greece and expects an update on timing for completion of repair work from the Bulgarian side, the company’s press service told TASS on Monday. "Gazprom Export ...

Moscow. PJSC LUKOIL (hereinafter - the Company) concludes an agreement with Cairn Energy PLC to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash. The agreement also provides for potential bonus payment to Cairn Energy ...