All news: page 14

Moscow. A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the Company’s main accomplishments in 2018 and its plans for 2019, paying ...

Singapore. Indian Oil Corp is set to receive a second liquefied natural gas (LNG) cargo for its new Ennore terminal in south India in May, two industry sources said. The 5 million tonnes per annum (mtpa) import facility at Kamarajar port on the outskirts of Chennai discharged its ...

Baku. SOCAR Energy Switzerland, a subsidiary of Azerbaijan's State Oil Company SOCAR, will build 20 electric vehicle (EV) charging stations in Switzerland, Trend reports referring to the company. The company became the winner in one of the five lots of the tender announced by the Swiss ...

Brussels. The European Parliament’s resolution on relations with Russia, which particularly calls for stopping the construction of the Nord Stream 2 gas pipeline, will not affect the project’s implementation and the measures the European Union has been taking to regulate it, a ...

Singapore. Brent crude oil prices on Thursday hit their highest so far this year, pushed up by ongoing supply cuts led by OPEC and by U. S. sanctions against Venezuela and Iran. An unexpected dip in U. S. crude oil inventories and production also lifted prices, traders said. ...

Almetyevsk. Acting within the framework of the Concept of RPM (reservoir pressure maintenance) System Development until TATNEFT Company has continued the introduction of promising technologies to maintain the reservoir pressure, aimed at improving the production efficiency and reducing the energy ...

Baku. The US Honeywell company has already started to work on the project for modernization of the Heydar Aliyev Oil Refinery in Azerbaijan, Frans van Deursen, President of the Honeywell company for Turkey and Central Asia, told Trend. Honeywell announced on Dec. 6 that the State Oil ...

Caracas. A major blackout in Venezuela has led to the shutdown of the nation’s main export terminal and several heavy crude upgraders operated by PDVSA. US sanctions have already severely impacted oil operations, leaving cargoes stranded off the coast as well as leaving ships idling in ...

Houston. Malaysia’s state energy firm Petronas expects to start offering oil products from its new refining-petrochemical complex in April as the project moves toward full commercial production in October, a senior company official said. The initial products would not meet commercial ...

Canada. Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had planned to ramp up output at an expansion of its Christina Lake oil sands project ...

Moscow. Sales of bunkering fuel at Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, reached 2. 9 million tonnes in 2018, a 10-percent increase year-on-year, further strengthening its position as one of the most important marine fuel suppliers on the Russian market. ...

Singapore. Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and U. S. sanctions against Iran and Venezuela. International Brent crude oil futures LCOc1 were at $66. 85 a barrel at 0341 GMT, up 18 cents, or 0. 3 percent, from their last close. ...

Houston. Technological sanctions placed on Russia's oil and gas sector have negatively affected Lukoil's operations and the sphere as a whole, but it is possible to adapt to restrictions, Lukoil's President Vagit Alekperov told CERAWeek energy conference in Houston. Alekperov ...

Baku. Spanish Enagás' total investment in the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is expected to reach 232 million euros, in line with the capital structure envisaged in the project, Trend reports citing the company. ...

Houston. Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that are expected to balance the country’s production and demand, the energy secretary said. Pipeline construction contracts ...

Tyumen. Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as ...

New York. Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Brent crude futures were up 84 cents, or 1. 28 percent, to settle at $66. 58 a barrel. U. S. West Texas ...

Baku. Since their Joint Statement of 25 July 2018 in Washington D. C. , when President Juncker and President Trump agreed to strengthen EU-US strategic cooperation including in the area of energy, EU imports of liquefied natural gas (LNG) from the US have increased by 181 percent, Trend reports ...