All news: page 17

Moscow. Rosneft reduced fugitive methane1 emissions in the Upstream sector by 73% in 2019 as a result of a comprehensive programme of process improvements and methane emission reduction initiatives. Maximizing emissions reductions is a key element of the Rosneft-2022 Strategy. The Company ...

Moscow. Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said on Monday, cited by the Ministry. "Despite the grave situation, the industry continues working. We also see that motor gasoline prices remain ...

Melbourne. Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U. S. West Texas Intermediate (WTI) crude CLc1 futures gained 2. 3%, or 75 cents, to ...

Moscow. The Board of Directors recommended that the Shareholders Meeting approve the proposal to pay out RUB 15. 24 per share in annual dividends based on Gazprom's operating results in 2019. Thus, it is recommended to allocate RUB 360. 784 billion (30 per cent of the 2019 profit ...

Baku. ИThe volume of the US investments in the Azerbaijani economy has reached $14 billion, of which $12. 8 billion relates to the oil and gas industry, Trend reports referring to Azerbaijani Economy Minister Mikayil Jabbarov. Jabbarov made the remark at a video conference organized by the ...

Moscow. Units of the Syrian army have liquidated a group of Islamic State (outlawed in Russia) terrorists during an operation in the southwest of Raqqa province, the Al-Masdar online newspaper reported on Sunday. It said the government troops had conducted a mop-up operation near the city of ...

Tokyo. Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in recent weeks as an easing of coronavirus ...

Moscow. LUKOIL was announced winner in three categories of the IN2 SABRE Awards global communications contest. The Company received: Grand Prix in the Best in Broadcast Media (Earned) category Certificate of Excellence in the Best Earned Media with Influencers and ...

Moscow. The price war between Saudi Arabia and Russia on the global oil market may start again when prices return to the level of $50-55 a barrel, Department Director of S&P Global Ratings in Russia Alexander Gryaznov said on Wednesday. "Some kind of a pause has been taken in this ...

Moscow. Rosneft Aero is adopting digital jet fuel accounting for into-wing refuelling as part of the Rosneft-2022 Strategy. The company has renewed airfield equipment fleet of Pulkovo International Airport by purchasing TZA-45 refuellers, which are equipped with the latest integrated automated ...

Tokyo. Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user. Brent crude fell $1. 56, or 4. 3%, ...

Moscow. Nord Stream 2 AG, the Swiss-based operator of the Nord Stream 2 pipeline project, will analyze the decision taken by the European court, which dismissed the company’s claim against the EU Gas Directive norms, and can file an appeal against the judgment within two months, the ...

Moscow. Specialists of RN-SakhalinNIPImorneft LLC (part of the Rosneft Research and Development Complex) have performed monitoring of the ice situation of the Aniva Bay and the northeast shelf of Sakhalin Island. During the expedition, unique data on the spatial and temporal variability of ice ...

Moscow. National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, Trend reports citing Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three Chinese NOCs, ...

Moscow. The Federal Network Agency (Bundesnetzagentur) made the decision to grant derogation to Nord Stream 2 from norms of the EU Gas Directive on the country’s territory for the term of 20 years, Nord Stream AG (the gas pipeline operator) said on Wednesday. The relevant application ...

Moscow. In the first quarter of 2020 LUKOIL Group's average daily hydrocarbon production excluding the West Qurna-2 project totaled 2, 328 thousand boe per day, which is 2. 1% lower year-on-year and 2. 5% lower quarter-on-quarter. The decline in production was driven by lower gas supply to ...

Tokyo. Oil prices edged higher on Thursday after data showed U. S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains. Brent crude futures for July delivery LCoc1 were trading up ...

Moscow. In March 2020, EU deliveries of gasoline and jet fuel fell by 15 percent and 27 percent respectively compared with February 2020, and by 24 percent and 22 percent compared to the average March value of the last decade (2010 to 2019), Trend reports citing Eurostat. Although at EU ...