Oil and gas: page 4

Vladivostok. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of KOGAS, took place today at the 4th Eastern Economic Forum in Vladivostok. The parties discussed the state of and the prospects ...

Singapore. Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. U. S. West Texas Intermediate (WTI) crude futures CLc1 were at $69. 91 per barrel at 0220 GMT, down 46 cents, or 0. 6 ...

Vladivostok. Rosneft and the Chinese National Oil and Gas Corporation (CNPC) signed the Agreement on Cooperation in Exploration and Production in the Russian Federation in the framework of the IV Eastern Economic Forum. Under the agreement, CNPC will have an opportunity to acquire the ...

Moscow. LUKOIL has commissioned a steam generation farm at Yarega field of highly viscous oil in the Republic of Komi. The facility is to build up production as part of Yarega area Phase 2 development. The farm, including five boilers with the total capacity of 125 metric tonnes of steam an ...

St. Petersburg. The Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft’s Neptune field, located offshore from Sakhalin Island in the Sea of Okhotsk, at 415. 8 million tonnes of oil (C1+C2) — a The Neptune field was Gazprom Neft’s most ...

Baku, Azerbaijan. The Southern Gas Corridor (SGC) project does not seek to compete with gas projects in Europe involving Gazprom, all pipelines will be in demand against the background of growing demand for energy, Vitaly Beglyarbekov, Deputy Vice-President for Investments and Marketing of the ...

Vladivostok. Rosneft and Beijing Gas Group Company Limited (hereinafter referred to as Beijing Gas) in the framework of the IV Eastern economic forum signed an Agreement embodying the basic terms of the joint venture (JV) for the construction and operation of a chain of automobile CNG filling ...

Russia and China have agreed to get approval for gas supplies via the Power of Siberia’s ‘western route’ in the shortest possible time, Russia’s Energy Minister Alexander Novak said on Wednesday. Read also Gazprom to ...

Baku, Azerbaijan. Higher coal prices and carbon prices will continue to support the gas demand in Europe, said Murray Douglas, Research Director, European Gas. "Europe’s gas demand has undergone a renaissance in the last years. Gas demand growth has returned since 2014 and has ...

Singapore. Oil prices rose on Wednesday following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tightening supplies, with top producer Russia warning of a “fragile” global crude market. U. S. West Texas ...

Baku, Azerbaijan. The work as part of the Shah Deniz Stage 2 project, a. k. a. the Shah Deniz full field development (FFD), is progressing ahead of schedule, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones told reporters in Baku Sept. 11. He said that the BP started ...

Baku, Azerbaijan. Azerbaijan presented data on its daily oil production in August 2018 to the OPEC Joint Technical Committee as part of the Vienna Agreement, the Azerbaijani Energy Ministry told Trend on Sept. 10. Daily oil production stood at 774, 000 barrels in August 2018, of which ...

Vladivostok. 10 september, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and CEO of Japan Oil, Gas ...

Singapore. Oil was steady on Tuesday, supported by looming U. S. sanctions against Iran’s petroleum industry. But prices were capped by signs that increased supplies by other major producers, including the United States and Saudi Arabia, could make up for the disruptions from Iran. ...

Almetyevsk. Enterprises of TATNEFT Croup of Companies produced 2 million 532 thousand tonnes of crude oil in August 2018, which was 68 thousand tonnes more than in 2017. The production volume of PJSC TATNEFT in August amounted to 2 million 503 thousand tonnes of crude oil, while the ...

Baku. Currently, there are two main trends affecting the global oil market, Spencer Welch, director of the oil markets and downstream team in the London-based IHS Markit told Trend. He pointed out that the oil prices currently stand at $77-78 per barrel. "Our expectation is that ...

Moscow. Production capacity of Zohr project, developed by the consortium of Eni, Rosneft, BP and Mubadala together with the Egyptian oil and gas companies, has been increased by more than 25% to more than 56. 6 mcm of gas per day (2 bcf per day). The increase has been achieved due to the ...

Baku, Azerbaijan. Integration of liquefied petroleum gas (LPG) filling station and bitumen unit into the general infrastructure of the Heydar Aliyev Baku Oil Refinery has been completed, Azerbaijan’s state oil company SOCAR, which owns the refinery, told Trend. SOCAR noted that the ...