All news: page 7

Singapore. Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand. Brent crude oil futures LCOc1 were at $78. 16 per barrel at 0316 GMT, down $1. 07, or 1. 35 percent, from ...

St. Petersburg. Gazprom’s annual General Shareholders Meeting opened today in St. Petersburg. Shareholders from Russia and a number of foreign countries are taking part in the Meeting in person, via their representatives, and in absentia. As of June 4, 2018, the list of persons ...

Washington. The United States should help the natural gas industry push back against opposition by environmental groups to pipeline projects by adopting new regulations or laws that favor infrastructure, backers of the industry said at a conference this week, Reuters reports. Suppliers in ...

Addis Ababa. Ethiopia, for the first time ever, began producing crude oil at Kalub and Hilala fields on Thursday in the eastern part of the country. A groundbreaking trial-production ceremony saw three oil wells spewing 150 barrels, each raising the nation’s hopes of generating the ...

Iran’s position in the oil market is looking weaker than ever as a bruising OPEC meeting and tightening net of U. S. sanctions leave it with fewer friends and fleeing customers. Tehran is getting hit from all sides. Washington is telling buyers to stop all purchases of the ...

Moscow. Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK and Sergey Frank, General Director of PAO Sovcomflot (“Sovcomflot”) today signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) ...

Baku. The first commercial gas from Azerbaijan’s Shah Deniz Stage 2 will be supplied next week, Vice President for Communications, External Affairs, Strategy & Region at BP Azerbaijan-Georgia-Turkey Bakhtiyar Aslanbayli told Trend June 28. "The gas is already in the system ...

Moscow. Gazprom sees no reason for growth of cost for the Nord Stream 2 project, Deputy Chairman of Gazprom Management Committee Andrey Kruglov said at a press conference. "We do not expect that the cost of the Nord Stream 2 project will increase for no reason, " he said, ...

Singapore. Oil prices dipped on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and generally high demand. U. S. West Texas Intermediate (WTI) crude futures CLc1 were at ...

Tehran. Iranian President Hassan Rouhani on Thursday inaugurated the second phase of the Persian Gulf Star Refinery, Iran's largest gas condensate refining company, in the southern port city of Bandar Abbas. Rouhani travelled to Bandar Abbas early on Thursday and launched the phase 2 ...

Washington. Russia’s gas producer Gazprom and its Nord Stream 2 partners have invested a total of 4. 8 bln euro in the project on natural gas pipeline construction as of the end of June, Chief Financial Officer of Nord Stream 2 AG, the operator of the pipeline construction, Paul Corcoran ...

Washington. In anticipation of LNG transit needs, the Panama Canal will lift self-imposed daylight and encounter restrictions on LNG vessels, Deputy Administrator Manuel E. Benitez announced today during a press briefing at the World Gas Conference in Washington, DC. The changes will go into ...

Tehran. Iran can export its gas to Europe through the coasts of Syria, the former director of National Iranian Gas Exporting Company and an official with Iran Chamber of Commerce said. "Iran can export its gas to the Mediterranean Sea and Europe through the coasts of Syria and by ...

Almetyevsk. TATNEFT Company expanded the list of regions of the Company’s presence by opening filling stations on the territory of the Tula region. Two contra-laterally arranged filling stations of "Tatneft-AZS" started their work at the address: Tula region, Venevsky ...

Cairo. Egyptian media reports that Italian energy company Eni is about to announce a massive offshore gas discovery in the coming few days have been enough to seen energy stocks on the Tel Aviv Stock Exchange (TASE) plunging. With an estimated 2, 550 billion cubic meters (BCM) of gas, Noor would ...

Vienna. Denmark’s position won’t disrupt plans for the implementation of the Nord Stream-2 gas pipeline project, there are alternative routes, Deputy Foreign Minister Alexander Grushko told TASS on Wednesday. "Denmark takes a special stance on the Nord Stream-2 project. ...

Singapore. U. S. oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline. U. S. West Texas Intermediate (WTI) crude ...

Moscow. A group of Russian scientists received a grant from the Russian Fund for Fundamental Studies to analyze soil pollution in all cities and towns in the Yamalo-Nenets Autonomous Region. The project will last for three years, an expert of the Scientific Center for the Arctic Studies Roman ...