All news: page 14
December 17, 2018/ 10:12
BP announces plans on drilling new wells in Azerbaijan for 2019
Baku. By Sara Israfilbayova - Trend: BP plans to drill four new wells at Azerbaijan’s oil and gas fields in 2019. This was reported BP Azerbaijan Vice President Bakhtiyar Aslanbayli.
In particular, he noted that two exploration wells will be drilled in the shallow waters around the ...
December 17, 2018/ 09:12
Senator slams US statement on Nord Stream 2 as meddling in sovereign partners’ affairs
Moscow. Washington’s call on Germany to abandon the construction of the Nord Stream 2 gas pipeline and also on the European Union to unite against Russia’s aggression is meddling in sovereign partners’ affairs, Chairman of the Russian Federation Council's (upper house of ...
December 17, 2018/ 08:12
Qatar Petroleum buys 35% in three offshore oil fields in Mexico from Italy’s Eni
Mexico. The Qatar Petroleum (QP) state-owned company reached an agreement with Italy’s Eni oil and gas company to buy 35 percent of the project, which includes three offshore oil fields in the Gulf of Mexico, Qatari Energy Minister and QP CEO Saad Sherida Al-Kaabi said, told Trend. ...
December 17, 2018/ 07:19
Brent crude dips on global economy worries, U.S. oil prices steady
Singapore. Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economies, while U. S. oil markets held steady after U. S. drilling activity fell to its lowest level in about two months.
International Brent crude oil futures LCOc1 were at ...
December 14, 2018/ 12:35
Markets Wrap: Stocks drop with yuan as China economy weakens
Moscow. Asian stocks fell with U. S. equity futures as caution returned to global markets, with data showing continued weakness in China’s economy. The yuan dropped with the Aussie, while the yen edged higher with Treasuries.
Shares in Hong Kong and Japan bore the brunt of declines ...
December 14, 2018/ 11:24
Cost of independence: Ukraine pays record high price for ‘European’ gas
Moscow. Prices for gas imported by Ukraine from European countries hit a record high in November, according to data published by the country’s State Fiscal Service. The gas is most likely Russian in origin resold to Kiev at a premium.
The State Fiscal Service of Ukraine calculated an ...
Azerbaijan provides energy supply to Russia as past of emergency assistance
Baku. In connection with the accident Dec. 12 on the Artem-Makhachkala power line of the Russian energy system, Azerbaijan’s energy system provided the Dagestan power grid (Derbent substation) with electricity of 140-160 MW from 08:52 to 20:51 (GMT +3), Trend reports citing Azerenergy ...
December 14, 2018/ 10:11
Saudi Arabia plans to slash oil exports to US
Riyadh. After flooding the US market with oil in recent months, Saudi Arabia reportedly plans to downgrade exports of crude oil.
US-based oil refiners were told to expect a much lower shipment from Saudi Arabia in January than in recent months, following the OPEC agreement to reduce ...
December 14, 2018/ 09:20
BP announces production forecast at ACG in 2019
Baku. There are plans to maintain production at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in 2019 at the level of this year, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told reporters in Baku Dec. 13.
The average daily production at ACG amounted to 588, 000 barrels ...
December 14, 2018/ 08:20
Gazprom and Japan’s Itochu to cooperate as part of Baltic LNG project
Moscow. Gazprom and Japan’s Itochu Corporation signed a memorandum of understanding for the Baltic LNG project, the Russian company said in a statement. The document was signed at a working meeting between the chairman of the board of the holding Alexei Miller and the president and chief ...
December 14, 2018/ 07:12
Oil prices edge up on hopes global supplies will tighten
New York. Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.
OPEC’s output agreement with Russia and ...
December 13, 2018/ 14:26
Turkey starts building land part of Turkish Stream pipeline
Ankara. Turkey is launching the construction of the onshore part of the Turkish Stream gas pipeline on the territory of the republic.
Turkish President Recep Tayyip Erdogan announced this presenting the action plan for the second 100 days of the new cabinet after the country’s ...
December 13, 2018/ 10:49
LUKOIL and Gazprom get ready to establish joint venture for fields development
Moscow. President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller discussed bilateral cooperation at a meeting. For instance, the parties touched upon the development of Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District, Russia. ...
December 13, 2018/ 09:11
IsDB can take part in Trans-Caspian pipeline project
Baku. The Islamic Development Bank (IsDB) is ready to explore the possibility of supporting the implementation of the Trans-Caspian pipeline, Director of the Regional Hub of the IsDB Group in Turkey Saleh Jelassi said in an interview with Trend and Azernews.
"The IsDB is ready to explore ...
December 13, 2018/ 08:14
Russian official confident Moscow and Minsk will reach agreement on gas prices
Moscow. Moscow is confident that it will find a mutually acceptable solution with Minsk on gas prices. This was stated by the first Deputy head of the Russian government Sergei Prikhodko.
"We are confident that a mutually acceptable solution will be found, " Prikhodko said. ...
December 13, 2018/ 07:20
Oil prices climb amid signs of easing U.S.-China trade tensions
SIngapore. Oil prices rose on Thursday, buoyed by a drawdown in U. S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.
Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although ...
December 12, 2018/ 12:34
19.595 mln tons of oil were produced in KhMAD in November 2018
Khanty-Mansiisk. 19. 595 mln tons of oil were produced in KhMAD in November, which is 0. 804 mln tons less than in October, according to the estimates by the Oil and Gas Information Agency.
The average daily production decreased by 4. 8 thousand tpd and amounted to 653. 2 thousand tons. ...
December 12, 2018/ 11:20
China’s crude oil imports jump to new record high in November
Beijing. China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October, according to Chinese customs data, as carried by Reuters.
Chinese crude oil imports surged to an ...