All news: page 19

Baku. The Trans Adriatic Pipeline (TAP) project is highly significant for Italy, as well as for the whole of the EU, Ziba Norman, director of the UK Transatlantic & Caucasus Studies Institute. “Italy is now the third largest economy in the EU and the second largest consumer of ...

London. Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to present the oil explorer’s long-term strategic plan to investors and analysts. The shares have ...

Tokyo. Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains. Brent crude rose 29 cents, or 0. 5%, to $56. ...

Moscow. The demand for LNG, bio and low-sulphur bunkers has increased enormously in Rotterdam over the past year. Total sales in this largest European bunker port fell from 9. 5 million m3 to 9 million m3, Port of Rotterdam Authority said in its release. In the last quarter of 2019, ...

Zagreb. Croatia considers imperative to further develop gas supply projects from the Caspian region, Trend reports referring to the Integrated National Energy and Climate Plan for the Republic of Croatia for the period 2021-2030. "The construction of the liquefied natural gas (LNG) ...

Moscow. The Gazprom Management Committee reviewed the information on improving the payment discipline with regard to domestic gas supplies, as well as on the measures being taken to settle the outstanding consumer debt for the gas supplied, including the interaction with government authorities ...

Minsk. Minsk has purchased 160, 000 tonnes of Russian oil without premium via traders, which will be supplied by two tankers to Klaipeda in March and then [will be transported] to Belarus, the press service of Belneftekhim Concern reported on Thursday. "That is Russian oil, which was ...

Tokyo. Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude LCOc1 was down 28 cents, or 0. 5%, at $59. 03 a barrel by 0332 ...

Moscow. PAO NOVATEK released its audited consolidated financial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). Revenues and EBITDA In 2019, our total revenues and Normalized EBITDA, including ...

Rio de Janeiro. Brazilian state-run oil firm Petrobras missed fourth-quarter expectations, but posted a record profit for 2019, as the firm’s strategy of focusing on deepwater production and exiting non-core activities shows signs off paying off. In a securities filing on Wednesday, ...

Moscow. The OPEC Secretariat has sent a formal invitation for the Ministers Meeting on March 5-6, 2020 to countries participating in the OPEC+ oil production capping deal, sources in delegations told TASS on Wednesday. "Yes, we have received the invitation for March 5-6 today, " ...

Moscow. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Davaa Dulamsuren, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation, took place in Moscow. The parties discussed issues related to the potential ...

Brazilia. Brazil's oil and natural gas output hit a record high in January, the Brazilian government said Wednesday. Last month's oil production reached 3. 17 million barrels per day, up 1. 99 percent compared with December and up 20. 43 percent year-on-year, according to the ...

Singapore. Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak. Tensions in Libya that have led to ...

Atyrau. Tengizchevroil produced 7. 9bn cubic meters of gas last year at Tengiz deposit in Atyrau region, Kazinform correspondent reports. In 2019, the company sold more than 1. 3mn tonnes of liquefied gas, 7. 9bn tonnes of dry gas and more than 2. 6mn tonnes of sulfur. As per the ...

Ashgabat. The search and exploration of promising new oil and gas fields are continuing on the Uzynada field, located in the Caspian region of Turkmenistan, Trend reports with reference to the Turkmenoil (Turkmennebit) State Concern. At the Uzynada field, during the testing of exploration ...

Moscow. Elena Vasilieva has been replaced as Deputy Chairman of the Management Committee – Chief Accountant of Gazprom by Mikhail Rosseev, former Deputy Chief Accountant. The relevant decisions on the termination of membership in and election to the Gazprom Management Committee will be ...

Moscow. New tax benefits for investors in the Arctic are aimed mostly at big mining companies. Benefits for new investors will favor development of small and medium businesses in the Arctic and improvement of infrastructures, experts and representatives of the Arctic regions told TASS. ...