All news: page 17

Singapore. Oil prices fell on Wednesday on concerns the Sino-U. S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political tensions in the Middle East offered some support. Front-month Brent crude futures, the international ...

Brisbane. ConocoPhillips expects current weak global liquefied natural gas (LNG) prices to improve as growing demand soaks up the excess supply in the market, the company’s chief executive said on Tuesday. “LNG prices are pretty weak right now, but we believe it’s a short ...

Moscow. China has stopped buying oil from Iran after Washington announced a decision not to extend exemptions from its sanctions for certain countries, the Wall Street Journal reported, citing sources in the Iranian oil industry. According to Rahim Zare, who is a member of the economic ...

Baku. Azerbaijan’s electricity producer Azerenergy has laid a new high-voltage power line to enhance the reliability and sustainability of the power supply of Baku, Trend reports referring to Azerenergy. A new 220-kilovolt transmission line was laid from the Janub power station in the ...

Minsk. The Belarusian government on Tuesday announced its tariffs for reverse deliveries of contaminated oil to Russia via its pipeline system. According to a decree by the Ministry of Antimonopoly Regulation and Trade, published by the national legal information database early on Tuesday, ...

Singapore. Brent crude oil prices consolidated above $70 per barrel on Tuesday as supply cuts led by producer club OPEC and U. S. sanctions on Iran’s and Venezuela’s fuel exports outweighed concerns about an economic slowdown. Front-month Brent crude futures, the international ...

The Nord Stream 2 project is being implemented in accordance with the approved schedule, despite the US plans to impose sanctions on the gas pipeline, Russian Minister of Energy Alexander Novak said on Monday. "We have already heard a long time ago that such bills are being drafted. ...

Moscow. PAO NOVATEK announced obtaining five new licenses on the Krasnoyarsk Territory located in close proximity to the Company’s existing licenses located on the Gydan Peninsula. OOO NOVATEK-Yurkharovneftegas obtained the right for geological survey licenses for the Khalmeryahskiy, ...

Baku. The US Department of State positively assesses the signing of the Convention on the Status of the Caspian Sea last year and urges Turkmenistan to take advantage of the agreements reached by the Caspian states to join the Southern Gas Corridor (SGC), which will give this country positive ...

Moscow. ​President of LUKOIL Vagit Alekperov discussed prospects for bilateral cooperation with Denic Sassou Nguesso, President of the Republic of the Congo. Earlier on, LUKOIL and the National Petroleum Company of Congo (SNPC) concluded a Memorandum of Agreement. According to the ...

Moscow. Oleg Vakhovsky has been appointed Director General of Gazprom Transgaz Surgut. Oleg Vakhovsky was born in 1971 in Artyomovsk, Donetsk Region. He graduated from the Gubkin State Academy of Oil and Gas, majoring in Oil and Gas Field Development and Operation, and received an MBA in ...

The Russian-Canadian Conference on Cooperation in the Arctic may be held in 2020, Member of the Federation Council Committee on Federal Structure, Regional Policy, Local Government and Northern Affairs Igor Chernyshenko told TASS. "We offered the Canadian side to return to the ...

New York. Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months. Oil coursed downward with other global markets as concerns grew that the China-U. S. ...

Moscow. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Company and the Ninh Thuan Provincial People’s Committee signed a Memorandum of Understanding (“MOU”) to develop an integrated energy-generating project with the use of liquefied ...

Beijing. Oil tanks along China’s eastern seaboard are filling up as the effects of the trade war trickle down into the real economy and sap demand for fuels, making life tough for the country’s independent refiners. In Shandong province -- home to many of the non-state refineries ...

Baku. The 30-40 cm high water and gas ingress was detected at Kalamkas oil field in Kazakhstan’s Mangystau region, Trend reports referring to inbusiness. kz. The ingress was detected near second oil and gas production workshop, which belongs to Mangistaumunaigaz. The ingress is ...

Statements on inevitable sanctions against the Nord Stream 2 pipeline may be a tactical move by the US administration, Rachel Ziemba, Adjunct Fellow at the Center for a New American Security, told TASS. She was commenting on the recent statement by US Energy Secretary Rick Perry. During ...

Singapore. Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories - their steepest drops since the start of the year. Brent crude futures, the ...