All news: page 69

Singapore. Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. U. S. West Texas Intermediate (WTI) crude futures were at $54. 58 per barrel at 0249 GMT, up 35 cents, or 0. 7 percent, ...

Salekhard. President of LUKOIL Vagit Alekperov and the Governor of the Yamalo-Nenets Autonomous Okrug, Dmitry Artyukhov, signed a Supplemental Cooperation Agreement for 2019, in Salekhard today. The company will support a range of regional administrative initiatives. Among other things, ...

Seoul/Singapore. South Korea’s purchases of U. S. oil and gas this year will hold to the rapid pace set in 2018, likely narrowing its trade surplus with the world’s top economy further and bolstering its ties to Washington. South Korea is expected in January and February to ...

Warsaw. The planned gas pipeline linking Poland to Norway via Denmark is a “senseless waste of money” that could harm the European energy market, the deputy director general for gas issues at the National Energy Security Fund has told RT. The construction of the Baltic Pipe, a ...

Kiev. Ukraine produced 21 bcm of natural gas in 2018 compared to 20. 5 bcm in 2017. Gas production increased year-on-year by 0. 5 bcm (2%). Ukrgazvydobuvannya (UGV) UGV, a 100%-owned subsidiary of Naftogaz, produced 15. 5 bcm of gas (73. 8% of Ukraine’s total production). This ...

Khanty-Mansiysk. LUKOIL President Vagit Alekperov and Governor of Yugra Natalya Komarova signed a Cooperation Agreement between the company and the region for 2019-2023, in Khanty-Mansiysk. The document provides for cooperation in the area of the mineral resource base development, ...

Cairo. Russian geological holding Rosgeo has submitted a bid for the right to explore and develop solid minerals in Egypt, said the holding’s CEO Roman Panov in an interview during his visit to Cairo. "The Golden Triangle is intended to be a new resource base for the Egyptian ...

Singapore. Oil prices rose on Wednesday as concerns about supply disruptions following U. S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy. U. S. West Texas Intermediate (WTI) crude futures were at $53. 43 per barrel ...

Riyadh. Saudi Aramco could stagger payments for the acquisition of chemical giant Sabic, offering flexibility in how to finance the largest deal in the kingdom’s history, energy minister Khalid Al-Falih said. Aramco is close to agreeing on the purchase of a 70 percent stake in Sabic ...

Baku. The Trans Adriatic Pipeline (TAP) and Interconnector Greece-Bulgaria (IGB), which envisage transportation of Azerbaijani gas to Europe, have been named among important international energy projects of Greece, Trend reports citing Greek Integrated Energy and Climate Plan for the Period ...

Washington. The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down. Minutes before the ...

Kazan. A meeting of the Board of Directors of PJSC TATNEFT chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on January 28, 2019. The Board of Directors discussed the information on the development strategy of TATNEFT in the area of energy. The ...

Singapore. Oil prices crept up after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a step set to severely curb the OPEC member’s crude exports to the United States. Despite the move, which comes as the U. S government looks to pile pressure on sitting ...

Moscow. The recent deadly fire at two Tanzania-flagged tankers in the Kerch Strait was most probably caused by violation of safety rules, Vazgen Kinosiyan, a member of the Krasnodar department of the Russian Investigative Committee' Southern Investigation Department of Transport, said late ...

Baku. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, told BP Azerbaijan Vice President Bakhtiyar Aslanbayli Jan. 28. He said that deep gas at the ACG block of fields is planned to be produced for the first time this year, but the exact dates ...

Hanoi. Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Monday. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration ...

Baku. The ongoing crisis in Venezuela can cause power vacuum in OPEC, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk. "The current OPEC+ production agreement is not going to be affected ...

Singapore. Oil prices fell after U. S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U. S. spot crude oil futures were at $53. 37 per barrel at 0027 GMT, down 32 cents, or 0. 6 percent, from their last settlement. ...