All news: page 69

Moscow. A meeting of the Technological Council of Rosneft Oil Company, established under the ROSNEFT-2022 Strategy, was held. The Technological Council is an advisory board designed to facilitate the Company’s development strategy implementation in the areas of technology and innovation, ...

Kuwait. October’s production levels will be the reference point for oil output cuts for most OPEC and non-OPEC producers that agreed on cuts earlier this month, the UAE’s energy minister said on Sunday. September levels will be the reference point for a few of the producers, ...

United Arab Emirates. OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1. 2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday. ...

Caracas. The privately-owned survey vessel was forced to interrupt operations and retreat eastward, the ship’s owner said in a statement. The Venezuelan Navy intercepted a Bahama-flagged ship conducting a geological survey on behalf of ExxonMobil the waters of neighboring Guyana, ...

The implementation of the Nord Stream-2 project proceeds as scheduled, with about 370 kilometers of the pipeline have already been laid, Nord Stream 2 AG, the pipeline construction’s operator, said on Sunday. "By now, about 370 kilometers have already been laid, " the ...

Seoul. Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U. S. , currently the world’s biggest oil producer, though concerns about global economy continues to weigh. International benchmark Brent crude LCOc1 futures ...

Baku. Germany is considerably interested in the further development of the Southern Gas Corridor (SGC) project, Executive Director of the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) Tobias Baumann told Trend. Baumann said that a number of global and well-known German companies ...

Moscow. Russian President Vladimir Putin says he believes that the country has sufficient gas reserves. "(Russia) has more gas (reserves) than the whole world, " he said at his annual news conference on Thursday, adding that the reserves of the Yamal peninsula alone total 67 trillion ...

Singapore. China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand. That muted appetite ...

Moscow. Russian President Vladimir Putin expects that the national government can support the economic growth rate above 3% after 2021. "The government intends [to support GDP growth by 3% - TASS] from 2021 and higher later on. Therefore, I expect that we will be to do that. ...

Singapore. Oil prices climbed on Friday after tumbling 5 percent in the previous session on signs OPEC’s production cuts that start next month will be deeper than expected. Benchmark Brent crude LCOc1 futures were up 27 cents, or 0. 5 percent, at $54. 62 per barrel at 0448 GMT, after ...

Jakarta. Eni says it has successfully drilled and tested the Merakes East prospect in East Sepinggan block, Offshore Kalimantan, Indonesia. The prospect is located 33 km south east from the Eni-operated Jangkrik field and just 3 km east of the Merakes Field. The well has been drilled to a ...

Baku. UK oil company Harrington Petroleum Limited has opened a branch in Azerbaijan, Trend reports Dec. 19 citing Vergiler newspaper of the country’s Ministry of Taxes. The branch was registered Oct. 25, 2018 at the following legal address: Baku city, Nasimi district, Mir Jalal ...

Minsk. The Belarusian Finance Ministry does not believe that revenues of the state budget and the country's external commitments will be threatened by fluctuating prices for oil, BelTA learned from Belarusian Finance Minister Maksim Yermolovich on 19 December. Belarus' state budget for ...

Moscow. Russian Prime Minister Dmitry Medvedev instructed the Ministry of Industry and Trade, together with the United Shipbuilding Corporation, Zvezda Shipyard and Rosatom, to work out providing Novatek with four gas-engine-powered icebreakers to be commissioned in 2023. According to ...

Singapore. Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy. The front-month U. S. crude contract CLc1 had fallen 78 cents, or 1. 6 percent, to $47. ...

Italian Saipem in a joint venture with the Turkish Renaissance has signed a contract for the design and construction of the Arctic LNG 2 project for 2. 2 bln euro. Saipem share in the project reaches 50%, the company said on Wednesday. The project of the Russian company Novatek will be ...

Rome. PAO NOVATEK and SACE (CDP Group) signed a Memorandum on Strategic Cooperation (“Memorandum”) in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving ...