All news: page 6

Washington. Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc. The probe is broad in scope and is at an early ...

Moscow. The arrival of Russian oil that meets technological quality standards in Hungary and Slovakia is expected within a week, negotiations on the restoration of transit in the direction of Poland continue, the Russian Energy Ministry said in a statement on Wednesday. "In accordance ...

Baku. The interconnector Greece-Bulgaria, the groundbreaking ceremony of which took place on May 22, will contribute to creation of integrated gas market in Balkans, said Greek Minister of Energy and Environment Georgos Stathakis, Trend reports citing the ministry. "Today we ...

Moscow. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in Moscow today. The parties reviewed current areas of cooperation. Among other things, the meeting participants discussed ...

Singapore. Oil prices dropped on Thursday, extending falls from the previous session amid surging U. S. crude inventories and weak demand from refineries. Brent crude futures, the international benchmark for oil prices, were at $70. 62 per barrel at 0109 GMT, down 37 cents, or 0. 5 ...

Washington. The US has long been one of the most vocal critics of the Russian-European pipeline Nord Stream 2, citing alleged dangers to the EU’s energy security and threatening to impose sanctions against it. However, the project has been vehemently defended by several countries, ...

Moscow. The OPEC+ pact is hurting the Russian economy, potentially giving President Vladimir Putin a reason not to agree on an extension of the deal. While higher crude prices can bring the Kremlin additional revenue, production cuts are weighing on one of the country's biggest ...

Minsk. Head of the Belarusian Concern Belneftekhim Andrey Rybakov said that it would take about two months to fully restore the oil transit through the Druzhba pipeline. He made this statement in an interview with the Belarus-1 TV channel on Tuesday. "At the end of July, on our ...

Baku. The reports on the work conducted by the participants of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project and its financing were delivered at the international gas congress in Turkmenistan’s Avaza, the national tourist zone at the Caspian Sea, Trend reports ...

Tokyo. Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U. S. crude inventories. Brent crude futures were down 37 cents, or 0. 5%, at $71. 81 ...

Lima. Villagers in the Peruvian Amazon have seized control of oil storage tanks operated by state-owned Petroperu and halted crude deliveries to its refinery in the city of Iquitos, the company said on Monday. About 90 members of the Saramurillo community in the Loreto region took control of ...

Moscow. PAO NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19. 8 million tons under the Arctic LNG 2 ...

Rim. Italia’s Eni company will be engaged in exploration offshore Argentina, as the Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. This is reported by Trend with reference to the company. Reportedly, the award is ...

Moscow. The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields. The Federal Agency for Mineral ...

Minsk. The Belarusian and Russian sides have no resolved issues that might hinder the implementation of the roadmap for settling the situation with oil supplies. The Chairman of Belneftekhim Andrey Rybakov said on Monday after the Moscow oil talks. "There are no unresolved issues that ...

Singapore. Oil prices edged up on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year. However, gains were checked by concerns that a prolonged Sino-U. S. trade war could lead to a global economic ...

Washington. Exxon Mobil’s decision to take its foreign employees out from the West Qurna 1 oilfield was unjustified, according to Iraq’s oil minister. He added that the withdrawal does not pose a threat to the country’s oilfields. “The withdrawal of multiple ...

Residents of Nikolayevka haven’t had much to gossip about since the owner of the vodka museum over on People’s Friendship Street died, forcing the closure of the only tourist attraction in town. But now that this hardscrabble village in central Russia has emerged as the epicenter ...