All news: page 6

Moscow. Works on the second stage of Iran’s Bushehr nuclear power plant (NPP) officially kicked off in the country as concrete was poured for a new reactor base on Sunday. "Nuclear power provides reliable electricity. . . and each power plant saves us 11 million barrels of oil or ...

Baku. Norway’s Equinor has on 8 November 2019 purchased 1, 024 own shares at Oslo Stock Exchange at an average price of 178. 7199 Norwegian kroner per share, Trend reports via GlobeNewswire. These share purchases form part of the first tranche of the company's share buy-back ...

Tokyo. U. S. oil prices fell for a second day on Tuesday, weighed down by uncertainty over whether U. S. -China trade talks are making much progress, while higher Saudi Arabian crude output reinforced concerns about oversupply. U. S. West Texas Intermediate (WTI) crude was down 18 cents, ...

Bratislava. Slovakia might be interested in transiting gas coming via Southern Gas Corridor in the future, Slovakia’s Minister for Foreign and European Affairs Miroslav Lajcak said in an interview with Trend. "Slovakia as a traditional gas transit country might be, in the future, ...

Moscow. A new oilfield with over 50 billion barrels of crude oil has been discovered in the south of Iran. The site could become the country’s second largest oilfield and significantly increase Iran’s proven deposits. “I inform the White House that, in the days that you ...

Moscow. An earlier statement by Saudi Arabia's state-owned oil company, Saudi Aramco, reported profits for the first nine months of this year at $68 billion out of $244 billion in revenue for the same period. According to what is described as the most profitable company in the world, ...

oscow. Russian technology companies signed an agreement on establishing an alliance for artificial intelligence development (AI-Russia Alliance) within the Artificial Intelligence Journey forum framework. Its members will be Gazprom Neft, the only industry representative, along with Internet ...

Tokyo. Oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market. Brent crude was down 55 cents, or 0. 9%, at $61. 96 by 0350 GMT. The contract rose 1. 3% last week. ...

Amman. There was a large explosion in one of the production units of Syria’s Banias refinery near the Mediterranean coast during maintenance operations, Syria’s oil minister said on Thursday. One worker was killed and an engineer was injured, minister Ali Ghanem was quoted as ...

Beijing. A giant offshore wind turbine with a 210-meter rotor diameter has been developed in China and will be put into production soon, the science and technology bureau of southwest China’s Chongqing Municipality says. The H210-10MW turbine has a unit capacity of 10 megawatts and is ...

Moscow. The Fram field in the North Sea is expected to harbour up to 100 million barrels. It is conveniently placed and is expected to commence production at short notice. A major oil deposit in a so-called “mature” area of the North Sea has been discovered by Equinor, ...

Tokyo. Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States. Brent crude, the global benchmark, ...

Moscow. The third annual PRO Catalysis Forum, organised by Gazprom Neft and highlighting issues relating to catalyst development, production and usage in oil refining, has taken place in St Petersburg. The 2019 event has now reached an international scale, with the conference attended by more ...

Moscow. TVEL Fuel Company, a subsidiary of Russia’s state nuclear corporation Rosatom, has signed a contract for nuclear fuel supply to future power units 3 and 4 of the Xudapu nuclear power plant (NPP) with subsidiaries of China National Nuclear Corporation (CNNC), TVEL's press ...

Washington. The oil-rich area in northeast Syria the United States is protecting will serve as a base for the US military operations against the Islamic State terror group (banned in Russia), a senior US State Department official said in a press briefing. "First of all, the mission of ...

Moscow. Russian and Belarussian energy ministers are scheduled to hold talks next week, focusing on energy supplies, including the gas price, Russian Energy Minister Alexander Novak told reporters on Wednesday. "As for cooperation with Belarussian partners, as you know, the energy ...

Seoul. Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U. S. -China trade deal and a huge increase of U. S. crude stockpiles. Brent crude futures LCOc1 were down 3 cents, ...

Moscow. Kremlin spokesman Dmitry Peskov considers any gas agreements between Russia and Ukraine hardly possible with legal claims remaining in place. "Continuing arbitration claims make it next to impossible to reach any agreements, " he told reporters on Tuesday. Peskov added ...