All news: page 5

Moskow. Europe will pay half as much for liquefied natural gas (LNG) from Russia than what US energy companies offer, according to independent Russian gas producer NOVATEK. Washington has been pushing its own LNG on the European market, while criticizing Russian projects, including the ...

Baku. Azerbaijan’s state oil company SOCAR is preparing for the implementation of Mayak project at Oil Rocks, Public Relations Head at SOCAR Ibrahim Ahmadov told Trend. Mayak project is aimed at increasing productivity in the oil and gas production sphere. "Currently, we ...

Stavropol. The Arbitration Court of the Stavropol Region rules to enforce the award of the international commercial arbitration under the claim filed by the Russian oil producer Tatneft on recovery of $144 mln from Ukraine in the Russian company’s assets loss case, TASS reports from the ...

Moskow. The US sanctions against Venezuelan state oil company PDVSA will become the main blow to the world's oil refining in the short term, yet it is the US refineries that will bear the brunt in the first place, a monthly outlook by the Skolkovo Energy Center said. According to ...

Singapore. Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U. S. supply and a global economic slowdown prevented crude from climbing further. U. S. West Texas Intermediate (WTI) crude oil futures were at $57. 45 per barrel at 0116 GMT, up ...

Moscow. The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures. It was noted that the Company traditionally places great emphasis on these areas of work. Gazprom has an ...

Pekin. China's largest offshore oil and gas producer announced on Monday that it discovered a 100-billion-cubic-meter natural gas reserve in the Bohai Sea off North China, the largest in the area in more than 50 years. China National Offshore Oil Corporation (CNOOC) said the reserve ...

Moscow. Press Service warns all the concerned parties of unauthorized letters, containing offers of transport, forwarding services and lease of rolling stock on behalf of LUKOIL-Trans. The attachments to such offers illegally bear the company's trademarks and brand identity of LUKOIL. ...

Baku. Kazakh specialists will participate in drilling as well as provide technical support during the operation of the jackup floating drilling rig transferred in trust to the Azerbaijani side, KazMunayGas told Trend. On February 16, President of State Oil Company of Azerbaijan (SOCAR) ...

Russia's gas company Gazprom plans to produce 495. 1 billion cubic meters of gas in 2019, board member Oleg Aksyutin said on Thursday at the Day of Company's Investor in Singapore. "In accordance with the plan for 2019, production volumes are set at 495. 1 billion cubic meters ...

Singapore. Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U. S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. International Brent crude futures were at $66. 15 per barrel at ...

Ashgabat. The Turkmen delegation held the talks with the management of Samsung and LG companies in Seoul regarding their participation in investment projects of the Turkmen oil and gas complex, Trend reports referring to Turkmenistan’s Altyn Asyr TV channel on Feb. 26. The Turkmen ...

Aden. Saudi Arabia is working on a technology to produce oil with emissions close to zero, while its current CO2 output from crude production is already among the lowest, Saudi Aramco CEO Amin Nasser said. "Technology has already helped Saudi Aramco to produce oil and gas with one of ...

Baku. Russia is considering the option of using the Trans Adriatic Gas Pipeline (TAP), the final leg of the Southern Gas Corridor (SGC) for pumping Russian gas in addition to other sources, Anatoly Yanovsky, Deputy Energy Minister of Russia, said in an exclusive interview with Trend. ...

Singapore. Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U. S. President Donald Trump. U. S. West Texas Intermediate (WTI) crude oil futures were at $56. 02 per ...

Moscow. Russian Energy Minister Alexander Novak has credited last year’s deal on oil output cuts with helping set a fair price. "The market today looks relatively calm and stable, marked by decreasing volatility and more or less acceptable prices for both exporters and importers. ...

Baku. Italy’s Snam company, which is one of the shareholders of the Trans Adriatic Pipeline (TAP), has facilitated the first car supply with renewable gas with zero carbon dioxide emissions in Italy, Trend reports with reference to the company’s message. The first supply of ...

Dubai. Abu Dhabi’s Mubadala Petroleum said on Tuesday it has signed the production sharing contract together with its partner PTTEP Energy Development Co for an offshore block containing the Erawan producing gas field in Thailand. The current block G1/61 concession will expire in April ...