All news: page 5

Moscow. PJSC LUKOIL tested a new technique of thermal-gas-chemical formation treatment at one of the Usinskoye field wells. During the tests, special chemical compounds were injected into the oil-saturated layer through separate channels: a solution of ammonium nitrate and sodium nitrite ...

Moscow. Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement and a contract for the supply of Russian crude oil at the 9th BRICS summit. The documents were signed by Igor Sechin, Rosneft Chief Executive Officer, and Chan Chauto, CEFC China President. The ...

Ashgabat. Turkmenistan’s President Gurbanguly Berdimuhamedov received Ahmet Calik, head of the Turkish construction company Gap Insaat, the Neutral Turkmenistan newspaper reported. Calik informed the president on the progress of construction of a gas chemical plant for urea production ...

kastoria, Greece. The construction of the Trans Adriatic Pipeline (TAP) in Greece’s Kastoria region is expected to start in coming months, Greek media reported citing Mayor of Kastoria Anestis Angelis as saying. He pointed out that the construction will last two years bringing many ...

Rome - Tehran. Italy’s Eni company is currently preparing the feasibility study for the development of oil and gas fields in Iran. "We signed two agreements to carry out feasibility studies on the development of oil and gas fields in the country. We have six months to present the ...

Moscow. Russia’s oil major Rosneft said on Sunday it has signed a strategic cooperation agreement and a long-term oil supplies contract with China’s energy company Huaxin. "On the margins of the 9th BRICS summit, Rosneft and China’s energy company Huaxin signed an ...

Moscow. Russia is implementing its liabilities under the OPEC+ deal, with production cuts reaching 344, 900 barrels a day in August, Russian Minister of Energy Alexander Novak said on Sunday. "In August 2017, overall oil production cuts amounted to 344, 900 barrels a day as compared ...

The Trump administration is easing environmental regulations and opening up territory for drilling as part of the president’s bid to unleash the "vast energy wealth" of the U. S. Yet Donald Trump’s push to rewrite the North American Free Trade Agreement could have the ...

Moscow. Chief Executive Officer of Russian oil major Rosneft Igor Sechin has not received summons for the next court session on September 1 on the case of ex-economy minister Alexey Ulyukayev charged with $2 mln bribe taking, which is tried in Moscow’s Zamoskvoretsky District Court, press ...

Moscow. Iraqi Oil Minister Jabbar al-Luaibi met with Vagit Alekperov, CEO of Russian oil major Lukoil, on Thursday and solved the bulk of outstanding problems with the company. Al-Luaibi told. “We held intensive negotiations with Lukoil and we have solved the majority of existing ...

Moscow. Russia plans to spend about 160 billion rubles ($2. 7 billion) on the Arctic by 2025. Prime Minister Dmitry Medvedev told the government that later today a new version of the state program for the social and economic development of the Arctic zone would be adopted. The ...

London. U. S. crude futures fell in Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with nearly a quarter of U. S. refining capacity offline. U. S. West Texas Intermediate (WTI) Clc1 was down 27 cents, or 0. 6 ...

Baku. The profitability of of the existing/ongoing projects comprising Southern Gas Corridor is independent from any third party gas suppliers. This was stated from Azerbaijan’s Southern Gas Corridor CJSC. "Southern Gas Corridor is chain of interlinked projects comprising one ...

] Moscow. Russian oil pipeline monopoly Transneft will pay 3, 875 rubles per common and preferred share, or a total of 27. 607 billion rubles, in dividends for January–June. The company said in a statement on Thursday. The Federal State Property Management Agency, the sole owner ...

London. Tropical Storm Harvey’s effect on the energy industry has spread beyond flooding U. S. refiners as fuel pipelines also shut, threatening a supply squeeze across the nation and stirring up world markets as U. S. retail fuel prices rose further. The storm, which lashed Louisiana ...

Moscow. Gazprom intends to supply only its own gas to China via Power of Siberia pipeline, not from third-party producers. The representative of the Russian gas holding said during a conference call. "We are confident that by the contractual date the pipeline will be commissioned and ...

Tehran. Following the signature of a $4. 8 billion contract for the development of Phase 11 of South Pars gas field with a consortium of France's Total, China's CNPCI and Iran's Petropars, National Iranian Oil Company (NIOC) announced its obligation to finalize 10 more contracts for ...

Baku. Turkmenistan is preparing a project for the construction of a new gas chemical complex near the Kiyanly village of the country’s Balkan region. he complex is designed for processing two billion cubic meters of natural gas and 117, 000 tons of sodium chloride. T It will produce ...