All news: page 69

Tokyo. Oil prices fell on Thursday, adding to sharp overnight losses as U. S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. Brent crude LCOc1 was down 37 cents, or 0. 6%, at $59. 11 a barrel by 0300 GMT, after ...

Moscow. By autumn, Russia will finalize the studies of its Arctic shelf, which are required for further discussions at the UN, Minister of Natural Resources and Environment Dmitry Kobylkin told reporters. "This summer, we shall make necessary studies of the Gakkel Ridge and will ...

Moscow. The financial results for oil giant Saudi Aramco for the first half of 2019, released on Monday, have revealed a 12 percent drop in net income in comparison with the same period last year, as well as a decline in earnings. "The Company’s net income was $46. 9 billion for ...

Yekaterinburg. The Urals Federal University’s specialists designed an uncrewed vehicle, which will deliver fuel, including gas, to electric energy sources in the Arctic, the University’s Center on Cooperation with Industries’ Deputy Director Alexander Cherepanov told TASS. ...

Baku. Chernomortransneft JSC has received a positive conclusion from the state environmental review of the Federal Service for Supervision of Natural Resources in the North Caucasus Federal District (Russian Federation) for the reconstruction of the Grozny-Baku main oil pipeline in Dagestan, ...

Tokyo. Oil prices fell on Wednesday after industry data showed U. S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. The move by U. S. President Donald Trump sent ...

Moscow. India and Russia are in talks over possible gas projects in the Arctic, India’s Minister of Trade and Industry Piyush Goyal said in Vladivostok where delegations from both states are meeting ahead of the Eastern Economic Forum. “We have a very strong energy partnership ...

Ashgabat. While delivering speech at the conference entitled "Caspian Sea: in the interests of developing international economic cooperation" in Turkmenistan’s Avaza tourist zone, President of Turkmenistan Gurbanguly Berdimuhamedov outlined the priorities for cooperation in the ...

Moscow. For the six months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2, 352 thousand boe per day, which is 2. 8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production ...

Belgrade. The section stretches from the Bulgarian border to the city of Cuprija, the report reads. Currently construction works are underway at the second part from Cuprija to the Danube. Overall, the plan is to construct four sections. The gas pipeline is planned to be compelted by the year ...

Singapore. Oil prices slipped on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude futures LCOc1 were down 18 cents or ...

Moscow. All Caspian Sea littoral states (Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan) have the right to take part in the environmental reviews of cross-border projects, which can affect the Caspian Sea environment, First Deputy Head of the Russian Government Office Sergei Prikhodko ...

Moscow. A top US shale executive said that it may only be the Midland basin in the Permian that can grow production beyond 2025. Aside from Midland, every other shale basin may be on borrowed time, with the best acreage already picked over and oil prices languishing below $60 per barrel. ...

Baku. The oil market will be continuously changing till the end of 2019, Abhishek Kumar, head of analytics department at Interfax Global Energy, told Trend. The expert stressed that the extension of the agreement on the reduction of oil production by OPEC + will minimize the likelihood of ...

Moscow. Russia’s Rosneft, Lukoil and Gazprom companies have shown interest in developing oil and gas fields in Turkmenistan, First Deputy Head of the Russian Government Office Sergei Prikhodko told reporters. He noted that the energy sector and, in particular, the gas industry ...

Seoul. Oil prices dipped on Monday amid worries about an economic slowdown and the Sino-U. S. trade war, which have led to a cut in the growth outlook for oil demand. International benchmark Brent crude futures LCOc1 were at $58. 35 a barrel by 0249 GMT, down 18 cents, or 0. 3%, from ...

New York. New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change. Exxon is swamping investors and financial advisers who may be called to testify with ...

Oslo. The world’s largest sovereign wealth fund shocked the world when it said it was dumping oil and gas stocks, but it seems to have had a change of heart. The initial proposal of the fund—which has amassed its vast wealth from none other than Norway’s oil and gas ...