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Moscow. The Russian Ministry of Energy and Gazprom were instructed to set up a working group to prepare a feasibility study of a gas pipeline via Mongolia to China, Deputy Prime Minister Alexei Gordeev told reporters on Wednesday. "It was stated that the working group will be set up ...

London. Environmental lawyers have filed a legal complaint against British energy giant BP, accusing the company of misleading consumers over its low-carbon energy in a huge advertising campaign. ClientEarth, an environmental legal charity, submitted a high-level action under international ...

Baku. Azerbaijan’s Energy Minister Parviz Shahbazov has arrived in Vienna at the invitation of Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo, Trend reports referring to Azerbaijan’s Energy Ministry. The minister will ...

Tokyo. Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session’s steep gains on a sharp drop in U. S. crude inventories and expectations of more output cuts. Brent crude futures dipped 10 cents, or ...

Moscow. Capital spending in Canada’s oil-sands reserves look set to continue to dwindle as pipeline bottlenecks persist and the Alberta government’s production limits remain in place. Husky Energy Inc. said early Monday that it’s cutting capital spending for 2020 and 2021 ...

Kiev. Ukrtransnafta and Transneft have entered into a 10-year agreement to provide oil transit services across Ukraine, Ukrtransnafta said on Facebook. "On December 3, 2019, Ukrtransnafta and Transneft entered into an additional agreement to the contract on providing oil ...

Berlin. It will be necessary for German to consider countermeasures if the United States introduces sanctions against the Nord Stream 2 gas pipeline, according to Klaus Ernst, the head of the Bundestag's economy and energy committee. "It does not concern the Americans how we shape ...

Moscow. Transneft is to complete an assessment of consequences for the company from the Druzhba oil pipeline incident by mid-2020, First Vice President of the Russian oil pipeline operator Maxim Grishanin told a teleconference with investors on Tuesday. "It is clear that we will suffer ...

Tokyo. Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U. S. crude stockpiles fell more than expected helped to lift prices. Brent crude LCOc1 futures were up 35 ...

Both the US and China are vying for influence in Iraq, and most importantly, to gain control over giant oil fields such as the Qurna-1 field that’s just 50 kilometres away from oil hub Basrah. Ever since the US signalled through its effective withdrawal from Syria that it now has ...

Moscow. Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping inaugurated on Monday the delivery of Russian gas to China via the Power of Siberia (Sila Sibiri) pipeline. "I give permission [to open the gas line]", Putin said at the opening ceremony, to which Xi ...

Baku. Economic power eventually transforms into political power, President Ilham Aliyev said at the opening ceremony of the Europe link of the TANAP gas pipeline held in Ipsala settlement, Edirne province, Turkey on Nov. 30. The head of state noted that the Turkish-Azerbaijani friendship ...

Paris. President of Ukraine Vladimir Zelensky admitted that he could discuss long-term transit of Russian gas through the Ukrainian gas transmission system with Russian President Vladimir Putin at the Normandy Four summit in Paris on December 9, he said in an interview with Le Monde published on ...

Tokyo. Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world’s biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020. Brent futures LCOv1 rose 19 ...

Ankara. The TurkStream gas pipeline will be launched in Istanbul on January 8, Turkish President Recep Tayyip Erdogan said. "We will give start to one more gas pipeline, the TurkStream, on 8 January in Istanbul, " Erdogan said at the ceremony dedicated to the opening of TANAP gas ...

Moscow. Russia’s gas giant Gazprom said on Sunday it’s gas production in January-November reached 454. 2 billion cubic meters, or up by 0. 7% on the same period last year. According to Gazprom’s press statement, the company exported 178. 5 billion cubic meters of gas in ...

Baku. The launch of the Trans-Anatolian Natural Gas Pipeline (TANAP) will open up great opportunities for transporting Azerbaijani gas to Turkey and Europe, professor at the Ankara Yildirim Beyazit University, leading Turkish expert Salih Yilmaz told Trend. The Turkish expert said that at ...

Moscow. The Organization of the Petroleum Exporting Countries (OPEC) and its allies will look at possible production cuts by 400, 000 barrels a day, El Iktisad News said on Sunday citing Iraqi Oil Minister Thamer al-Ghadban. "OPEC and its allies will look at increasing the current ...