All news: page 19

Caracas. U. S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter. Chevron asked other employees to avoid the facilities of its ...

Baku. SOCAR Methanol LLC, the methanol plant of Azerbaijan’s state oil company SOCAR, plans to increase the supply of methanol by sea, General Director of SOCAR Methanol LLC Elnur Mustafayev said. He made the remarks at the 3rd SOCAR International Caspian and Central Asia Downstream ...

Moscow. On April 25, 2018 Rosneft regular in-person Board of Directors meeting was held in Moscow to consider issues related to the annual general shareholders meeting of the Company for 2017. The Board of Directors approved to call Rosneft AGM and hold it in Krasnoyarsk on June 21, 2018. ...

London. PEMEX CEO Carlos Trevino told Sputnik on Wednesday on the sidelines of the International Petroleum Summit in London about the influence of the Venezuelan crisis, political dimesion of their work and possible cooperation of the Mexican state-owned petroleum company with other corporations. ...

Sigapore. Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand. Brent crude oil futures LCOc1 were at 74. 42 per barrel at 01. 35 GMT, up 42 cents, or 0. 6 percent, ...

Moscow. Russia is ready to provide as much natural gas to Europe as it possibly needs. Gazprom plans to lay a new pipeline to Europe, the company’s chairman of the board Alexander Medvedev said in an interview with Rossiya-24 TV. “We have confirmed reserves, we have ...

Moscow. By the end of 2018, Gazprom intends to conclude construction on the Power of Siberia gas pipeline as far as the border with China, Deputy Chairman of Gazprom Management Committee Vitaly Markelov said on Wednesday. "Before the end of this year we plan to complete construction ...

Baku. The European subsidiary of Saudi Aramco - Aramco Overseas, has opened a representative office in Azerbaijan, said the message, published in the newspaper of the Ministry of Taxes of the country. The company was registered in March 2018. Its authorized capital is 10, 000 euros, and ...

Mexico. Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U. S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. This decision sets in ...

Kiev. The end of Russian gas transit via the territory of Ukraine will increase the possibility of a conflict between Russia and Ukraine and entail futher geopolitical consequences, the commercial director of Ukraine’s oil and gas company Naftogaz said. "If there is no transit via ...

Baku. Azerbaijan’s state oil company SOCAR will sign an Engineering, Procurement and Construction (EPC) deal on transferring the primary oil processing unit together with atmospheric and vacuum distillation units (ELOU-AVT) with capacity of two million tons from the former Azneftyag oil ...

Moscow. The Board of Directors of PJSC "LUKOIL" resolved that the Annual General Shareholders Meeting will be held in Moscow on June 21, 2018, and made recommendations to the General Shareholders Meeting on the Company's profit distribution and amount of dividend for 2017. The ...

Singapore. Oil prices on Wednesday fell back from more than three-year highs reached the previous session as rising U. S. fuel inventories and production weighed on an otherwise bullish market. Brent crude oil futures LCOc1 were at $73. 74 per barrel at 02. 38 GMT, down 12 cents from their ...

Baku. In April 2018, the Trans Adriatic Pipeline (TAP) started the rehabilitation of another 4. 5 km road segment connecting Bilisht with Vishocica in Albania, TAP AG consortium said. The road will enable farmers in this region to reach the markets of Bilisht and Korça easier, faster ...

Berlin. The contract with Ukraine after 2019 will not be extended, but this does not mean that the transit of gas will be stopped, Gazprom Deputy CEO Alexander Medvedev said on Tuesday. "It will not be extended (after the year 2019). But this statement does not mean that there will ...

Baku. Demand for oil in the world market will increase by 2023, senior analyst of the International Energy Agency (IEA) on oil markets, Christophe Barrett said April 23 at the 3rd SOCAR International Downstream Caspian and Central Asia - Trade, Logistics, Refining and Petrochemicals Forum. ...

Kazan. A regular meeting of the Board of Directors of PJSC TATNEFT" n. a. V. D. Shashin chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on April 24, 2018 The Board of Directors approved results of the Company's budget implementation the ...

British BP closed the deal to enter the capital of Kharampurneftegaz, on the basis of which a joint venture is being established to develop two fields in the Yamal-Nenets Autonomous region. The Russian division of BP gained control over 49% of the charter capital of Kharampurneftegaz, 51% ...