Oil and gas: page 4

The Svea Court of Appeal in Sweden satisfied Gazprom’s appeal on June 13, deciding to suspend enforcement of the Stockholm Arbitration dated February 28, 2018 on the dispute between Gazprom and Naftogaz regarding the contract on gas transit via Ukraine, Russia’s gas producer said on ...

St. Petersburg. Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, is actively involved in major highways infrastructure projects in St Petersburg, with the company producing and supplying polymer—bitumen binders (PBBs) and bridging tapes for the ...

Baku. The Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, will enhance the resilience of Europe's energy markets, the US State Department told Trend. "The project will enhance the resilience of Europe's energy markets and reduce its ...

Moscow. Gazprom became the first Russian energy company to perform an independent audit review (assurance) of corporate information on greenhouse gas emissions. The audit was carried out by KPMG, an audit and advisory company, in compliance with international standards. The positive ...

Astana. The country's crude oil output reached 32, 185, 000 tons for January-May, 2018 that is 7. 8% more as compared to the same period of the 2017, statistics committee of the National Economy Ministry reports. The country's gas condensate output hit 5, 501, 000 tons in the ...

Sofia. Bulgaria is interested in Azerbaijan’s investments in its gas distribution network, the Bulgarian Energy Ministry told Trend. Investments of Azerbaijan’s state oil company SOCAR in the gas distribution network of Bulgaria would be beneficial for both sides, because ...

Moscow. The Russian Ministry of Finance is confident that implementation of the ‘tax maneuver’ in the oil sector will not result in the oil products price rally, department director Alexei Sazanov told reporters on Wednesday, reports TASS. "From our point of view, we will ...

Moscow. Russia will advocate proportionally escalating crude production between all participants of the OPEC+ deal at the upcoming Vienna summit scheduled for June 22-23, a source in the cabinet told TASS. "Russia will consider various options. We see that the market is well-balanced, ...

Singapore. Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U. S. fuel inventories provided the market with some support. Brent crude futures LCOc1, the international benchmark for oil prices, were at $76. 46 per barrel at 00. 46 GMT, ...

Baku. Construction of the Interconnector Greece-Bulgaria (IGB), which envisages supplies of Azerbaijani gas to Bulgaria, will start in late 2018, Rosen Simitchiev, advisor to energy minister of Bulgaria, said June 13 at the international conference titled “Southern Gas Corridor and ...

Helsinki. Around 80 delegates gathered in Helsinki during last week’s LNG Conference 2018, to discuss the state of the industry, innovative tech and LNG in comparison to other alternative fuels among other topics. The event, hosted by Port of Helsinki and Tallink, was held on 7-8/6/2018 ...

New York. ExxonMobil, which unlike its competitors steered clear of energy trading in the past, has recently started to hire experienced traders as it aims to trade more of its products to increase profits, Reuters reported on Tuesday, citing employees, recruiters, and people familiar with ...

Baku. Albanian gas infrastructure operator Albgaz and the Italian SNAM have signed an agreement to create a joint venture for maintenance of the Trans Adriatic Pipeline (TAP) on the territory of Albania, said Albanian Ministry of Infrastructure and Energy. The joint venture will be 75 ...

Astana. "Kazakhstan intends to export petrol to the countries of Central Asia, " Kazakh Energy Minister Kanat Bozumbayev a briefing on Monday. "We plan to reach new agreements and to ratify some by the end of summer to export petrol to Central Asia. We are working in this ...

Dubai. After months of sharp oil price rises there is now considerable uncertainty as to the market's direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms. Question marks over global economic growth, and resulting oil demand, as well as over ...

Baku. Trans-Anatolian Natural Gas Pipeline (TANAP) is an indicator of trust between Azerbaijan and Turkey, Turkish President Recep Tayyip Erdogan said June 12 at the TANAP opening ceremony in Turkey’s Eskisehir. Erdogan said that TANAP is also an indicator of multilateral cooperation. ...

Singapore. Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary output cuts led by producer cartel OPEC could be loosened. Brent crude futures LCOc1, the international benchmark for oil prices, were at $75. 65 per barrel at 0329 ...

In the end of May the long-expected correction started at the oil market (pic. 1). I had anticipated it 3 weeks earlier starting with the price of $75 for a barrel of Brent, but the dazed bulls pushed the quotes to $80 knocking out the incautious bears. Only later when some commentators started ...