Oil and gas: page 63
September 27, 2016/ 15:47
Board of Directors commends progress made on major investment projects
Moscow. The Gazprom Board of Directors commended the Company for the progress made on its major investment projects.
It was noted that Gazprom was taking extensive countrywide efforts to set up new gas production, transmission and processing facilities and develop the existing capacities. ...
September 27, 2016/ 14:13
Russian oil majors raise output of hard-to-recover crude
Moscow. Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
Top Russian producer Rosneft ...
September 27, 2016/ 10:48
Oil Halts Advance as Speculation Over OPEC Deal Whipsaws Market
Oil halted gains after two days of price swings as investors weigh the chance of OPEC reaching an output deal to stabilize markets when the group meets Wednesday in Algiers.
Futures fell 0. 4 percent in New York. Prices rebounded 3. 3 percent Monday after dropping Friday by the most in more ...
September 26, 2016/ 15:34
UAE says backs output freeze to support oil markets
Abu Dhabi. The United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some OPEC delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply.
Oil prices have more than halved from 2014 ...
September 26, 2016/ 15:19
OPEC Divided on Production Cut Before Algiers Talks
OPEC’s decision to hold informal talks in Algiers this week has fanned speculation that the group might be about to deviate from a two-year-old policy of pumping without limits, which succeeded in hurting rival suppliers but also sent prices into free fall.
A previous attempt to agree ...
September 23, 2016/ 15:41
Norway Avoids Negative Rates as Economy Withstands Oil Crisis
Oslo. The painful adjustment that Norges Bank Governor Oeystein Olsen predicted in February -- warning in Game of Thrones style that “winter is coming” -- only partially came to pass. The central banker on Thursday signaled he’s probably done with easing rates after reaching a ...
September 23, 2016/ 14:40
Asia oil refiners hungrily eye 300-item global oil smorgasbord
Singapore. Asia's oil refiners can choose from a sprawling buffet of over 300 crudes from every continent except Antarctica as a combination of cheap freight and rising supplies leaves buyers overwhelmed by the variety of oil grades on offer.
The lifting of the 40-year-old U. S. crude ...
September 22, 2016/ 14:40
Gazprom discovers new field on Sea of Okhotsk shelf
Moscow. In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the ...
September 22, 2016/ 14:07
Indonesia ends oil exploration taxes in bid to revive investment
Jakarta. Indonesia said on Thursday it will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country's flagging oil and gas sector.
Oil and gas director general Wiratmaja Puja said the government was aiming to remove all taxes on exploration, ...
September 22, 2016/ 14:00
In Nizhnevartovsk branch of TIU a ďRosneft DayĒ was held
Nizhnevartovsk. First year students of Tyumen Industrial University Nizhnevartovsk branch and the students of “Rosneft class” got a chance to have a look at JSC “Samotlorneftegz” operations. Earlier a “Rosneft Day” was held at the university.
This is a ...
September 22, 2016/ 13:20
Energy Saving Technologies of BMZ
Moscow. The Bugulma Mechanical Plant (BMZ) of PJSC TATNEFT won the highest award at the International specialized exhibition "Oil, gas. Petrochemicals-2016" for the energy-saving technologies implemented at the enterprise.
The plant received the Grand Prix for developing a set of ...
September 21, 2016/ 15:59
Vladimir Putin launched oil shipment from Vostochno-Messoyakha field
Moscow. Russia's northernmost onshore oilfield, Vostochno-Messoyakha, was officially put on production. Rosneft CEO Igor Sechin, Gazprom Chairman of the Management Committee Alexey Miller and Chairman of Gazprom Neft Management Board Alexander Dyukov took part in the event.
September 21, 2016/ 14:30
Oil and Gas Innovation Forum started in Tyumen
Tyumen. The official opening of VII Tyumen Oil and Gas Innovation Forum took place in the Western – Siberian Oil and Gas Innovation Center. The event brought together more than 1200 specialists interested in the Energy sector development in Russia and worldwide to the capital of the Tyumen ...