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Moscow. Oleg Vakhovsky has been appointed Director General of Gazprom Transgaz Surgut. Oleg Vakhovsky was born in 1971 in Artyomovsk, Donetsk Region. He graduated from the Gubkin State Academy of Oil and Gas, majoring in Oil and Gas Field Development and Operation, and received an MBA in ...

The Russian-Canadian Conference on Cooperation in the Arctic may be held in 2020, Member of the Federation Council Committee on Federal Structure, Regional Policy, Local Government and Northern Affairs Igor Chernyshenko told TASS. "We offered the Canadian side to return to the ...

New York. Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months. Oil coursed downward with other global markets as concerns grew that the China-U. S. ...

Moscow. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Company and the Ninh Thuan Provincial People’s Committee signed a Memorandum of Understanding (“MOU”) to develop an integrated energy-generating project with the use of liquefied ...

Beijing. Oil tanks along China’s eastern seaboard are filling up as the effects of the trade war trickle down into the real economy and sap demand for fuels, making life tough for the country’s independent refiners. In Shandong province -- home to many of the non-state refineries ...

Baku. The 30-40 cm high water and gas ingress was detected at Kalamkas oil field in Kazakhstan’s Mangystau region, Trend reports referring to inbusiness. kz. The ingress was detected near second oil and gas production workshop, which belongs to Mangistaumunaigaz. The ingress is ...

Statements on inevitable sanctions against the Nord Stream 2 pipeline may be a tactical move by the US administration, Rachel Ziemba, Adjunct Fellow at the Center for a New American Security, told TASS. She was commenting on the recent statement by US Energy Secretary Rick Perry. During ...

Singapore. Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories - their steepest drops since the start of the year. Brent crude futures, the ...

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 ...