All news: page 17

Pekin. China announced it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014. The creation of the pipeline company was mentioned in the National Development & Reform Commission’s work ...

Almetevsk. The enterprises of TATNEFT Croup of Companies produced 2, 281 thousand tonnes of crude oil in January 2019 (103. 4 percent versus February 2018), while the production volume for two months amounted to 4, 821 (103. 6% versus 2018), including PJSC TATNEFT production in February ...

Singapore. Oil prices fell on Tuesday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support. U. S. West Texas Intermediate (WTI) crude oil futures were at $56. 30 per barrel at 0210 GMT, down 29 cents, or 0. 5 ...

Simferopol. A fire on the tanker Maestro in the Black Sea has stopped after about 1. 5 months, the press service of the Federal Agency for Maritime and River Transport told TASS on Monday. The Turkish tankers Maestro and Candy started to burn in the Kerch Strait area beyond ...

Jerusalem. Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to put aside concerns about geopolitical and regulatory issues, and finally drill off the nation’s Mediterranean coast. Up for grabs are five offshore drilling sites, ...

Juba. South Sudan called on China National Petroleum Corp. to expand crude production by exploring more fields, while promising to protect the company’s interests in the African country. Oil Minister Ezekiel Lol Gatkuoth, on a visit to Beijing, urged CNPC “to bring new ...

Melbourne. Australia is on the verge of becoming the biggest exporter of liquefied natural gas, with dozens of tankers a week carrying fuel to North Asia. It could also soon be importing LNG as supply sources in its southern states run out. Five LNG import projects are vying to start up ...

Pekin. Although China will continue to raise its liquefied natural gas imports this year, the 2019 rise in the world’s key LNG demand growth market may not be enough to absorb all the new supply coming on stream over the next months. According to analysts at this week’s LNGgc ...

Singapore. Oil prices rose on Monday as supply tightened amid output cuts by producer club OPEC and as the United States and China were reported to be close to signing a trade deal that would end a tariff row that has slowed global economic growth. International Brent futures were at $65. 46 ...

Minsk. Belarus will raise customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is laid down by the Council of Ministers' resolution No. 131 of 27 February, BelTA has learned. The export duty on ...

Moskow. Europe will pay half as much for liquefied natural gas (LNG) from Russia than what US energy companies offer, according to independent Russian gas producer NOVATEK. Washington has been pushing its own LNG on the European market, while criticizing Russian projects, including the ...

Baku. Azerbaijan’s state oil company SOCAR is preparing for the implementation of Mayak project at Oil Rocks, Public Relations Head at SOCAR Ibrahim Ahmadov told Trend. Mayak project is aimed at increasing productivity in the oil and gas production sphere. "Currently, we ...

Stavropol. The Arbitration Court of the Stavropol Region rules to enforce the award of the international commercial arbitration under the claim filed by the Russian oil producer Tatneft on recovery of $144 mln from Ukraine in the Russian company’s assets loss case, TASS reports from the ...

Moskow. The US sanctions against Venezuelan state oil company PDVSA will become the main blow to the world's oil refining in the short term, yet it is the US refineries that will bear the brunt in the first place, a monthly outlook by the Skolkovo Energy Center said. According to ...

Singapore. Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U. S. supply and a global economic slowdown prevented crude from climbing further. U. S. West Texas Intermediate (WTI) crude oil futures were at $57. 45 per barrel at 0116 GMT, up ...

Moscow. The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures. It was noted that the Company traditionally places great emphasis on these areas of work. Gazprom has an ...

Pekin. China's largest offshore oil and gas producer announced on Monday that it discovered a 100-billion-cubic-meter natural gas reserve in the Bohai Sea off North China, the largest in the area in more than 50 years. China National Offshore Oil Corporation (CNOOC) said the reserve ...

Moscow. Press Service warns all the concerned parties of unauthorized letters, containing offers of transport, forwarding services and lease of rolling stock on behalf of LUKOIL-Trans. The attachments to such offers illegally bear the company's trademarks and brand identity of LUKOIL. ...