All news: page 19

Moscow. The Second Russian-Chinese Energy Business Forum will take place on June 6-7, as part of the St. Petersburg International Economic Forum. The Russian Federation Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security together with ...

Baku. There were no customers for the Iranian gas condensates put up for sale at the energy exchange, Amir Hossein Tebyanian, representative of National Iranian Oil Company (NIOC) at the Iranian energy exchange (IRENEX), told Mehr News Agency, Trend reports. According to Tebyanian, ...

The news had been prepared carefully. A year ago, Voice of America announced that the United States could become the largest global oil producer. Soon there were reports that they had already overtaken Russia and Saudi Arabia. Finally, in September, the EIA made a statement: “The United ...

Seoul. Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly. International benchmark ...

Moscow. The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from Bank of America Merrill Lynch. The oil market has been tightening rapidly this year, due to OPEC+ cuts taking supply off of the market, outages in ...

Moscow. The length of the Nord Stream 2 gas pipeline route in Danish waters under the third construction permit application in Denmark exceeds the original route by 25 kilometres (15. 5 miles), Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline construction project, told Sputnik ...

Baku. Test supplies as part of the Phase 1 of the Trans Anatolian Natural Gas Pipeline (TANAP), started on April 15, TANAP consortium told Trend. The consortium said this is the natural gas which will be used to test the system. “The commercial natural gas transmission will start ...

Berlin. German prosecutors have brought charges against former Volkswagen (VW) Chief Executive Martin Winterkorn over his role in the diesel emissions-cheating scandal. Four other managers were also indicted in the case. They “are accused of multiple crimes realized in a single ...

Baku. Azerbaijan’s Cabinet of Ministers has decided to abolish import duties for several types of fuel - TS-1 jet fuel grade, as well as KO-20 lighting kerosene and KT-2 technical kerosene grades, Trend reports. Earlier, the duty rate for these types of fuel was 15 percent, told ...

Moscow. Gazprom confirmed resumption of gas supplies from Turkmenistan, the Russian gas holding told TASS. "We confirm deliveries from Turkmenistan, " Gazprom says. Turkmenistan restarted natural gas supplies to Russia, the Orient news portal reported earlier on Monday, citing a ...

Sydney. Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production. Brent crude oil futures were at $71. 08 a barrel at 0111 GMT, down 10 cents, or 0. ...

Beijing. The first Chinese-manufactured and operated offshore drilling platform has started operations in the South China Sea in recent days, according to the China National Offshore Oil Corporation (CNOOC). The deepwater rig, drilling down to 4, 660 meters, will be used to supply ...

Washington. U. S. sanctions on Iran are also hitting some of the Islamic Republic’s closest allies. Drivers in Damascus are queuing up for miles to get just a few gallons of gasoline after Iranian oil shipments to the war-ravaged country ended. Syria consumes 100, 000 barrels of ...

Washington. Oil prices continue to rally, but not all is well in the US shale patch as drillers are facing both operational issues and have laid off hundreds of people. US shale drillers have run into a series of problems that have resulted in increased scrutiny on their operations. The ...

Baku. Around 98 % of pipes of the Trans Adriatic Pipeline (TAP) are back-filled in Albania, Trend reports citing TAP AG consortium. “In April 2016, the first TAP pipes arrived in Albania shipments of steel pipes, equipment and machinery were being offloaded in the port of ...

Tokyo. Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies kept prices well supported. Brent crude oil futures were at $71. 46 a barrel at 0233 GMT, down 9 cents, or 0. 1 percent, from ...

Baku. UK EXPRO international oilfield service company is looking at expanding its core services within three key areas in Azerbaijan, the company told Trend. These are the well test and appraisal services, subsea, completion and intervention services and production services, said EXPRO. ...

Moscow. President of LUKOIL Vagit Alekperov and the Head of Astrakhan Region, Sergey Morozov, signed a protocol to the cooperation agreement between the company and the region for 2019, in Astrakhan today. According to the document, LUKOIL will finance renovation of school buildings in ...