All news: page 8

Singapore. Oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Hopes that behind-the-scenes talks between the United States and China will prevent a looming trade war between the world’s two biggest economies also ...

London. On 24 March 2018, Air BP fuelled Qantas’ first non-stop flight between Perth airport and London Heathrow, with jet fuel produced at BP’s Kwinana refinery just 52 kilometres south of the airport. Air BP has played a critical role in supporting Qantas and the Perth airport ...

Riyadh. Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despite previously raising doubts it could be delayed to next year, Minister of Energy, ...

Tehran. Iran's natural gas exports registered a significant increase during the last fiscal year (ended March 2018). The latest monthly report released by Iran's industry ministry indicates that the country exported 11. 268 million tons of natural gas during the first 11 months of the ...

Moscow. LUKOIL hosted an Investor Day in London with the participation of Vagit Alekperov, President of the Company and other senior management. At the event, the Company's 2017 results and long-term development strategy approved by the Board of Directors in December, 2017 were discussed. ...

Moscow. The Gazprom Board of Directors held a meeting in absentia. The Board of Directors approved the appointment of Mikhail Putin as Deputy Chairman of the Gazprom Management Committee and elected him as Member of the Management Committee for a 5-year period. Background Mikhail ...

Baku. Azerbaijan’s state oil company SOCAR is expanding its presence in the Black Sea by having established supplies of Russian fuel oil from the Black Sea port of Novorossiysk, sources in Azerbaijan’s oil and gas market told Trend. SOCAR Trading, a subsidiary of SOCAR, shipped ...

Singapore. Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. The possibility of a full-blown trade war between the United States and China battered Asian shares on Monday. The falls came after U. ...

The last year was marked by a sharp increase in oil prices followed by the growth in the US oil production. Shale fields are obvious leaders, they have even been setting new records for the last few months. Trumpets are blaring, trolls are having fun – long live America! It’s time ...

Moscow. Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well ...

Riyadh. All oil, natural gas and refining facilities in Saudi Arabia are safe and operating normally, state-run Saudi Aramco said, after Shiite rebels in neighbouring Yemen were reported to have fired a missile at a company facility near the border. Yemen’s Shiite forces said earlier ...

Ottava. Canada’s Cenovus Energy announced a planned slowdown in production due to shipping difficulties out of critical production areas, according to a new report by Bloomberg. Cenovus’ Christina Lake and Foster Creek facilities have already been producing at lower volumes since ...

Moscow. The Gazprom Management Committee approved the 2017 Progress Report on the Company’s Innovative Development Program until 2025. It was noted that Gazprom made consistent and targeted efforts to improve the efficiency of its innovations. The Innovative Development Program until ...

Moscow. Participating OPEC and non-OPEC producing countries have set a new record in February with their voluntary production adjustments, achieving a level of 138 percent, according to the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC). “The Declaration of Cooperation ...

Singapore. Oil prices jumped more than 1 percent on Friday, pushed up by Saudi plans for OPEC and Russian led production curbs introduced in 2017 to be extended into 2019 in order to tighten the market. The rise in oil prices defied global stock markets, which slumped on the back of worries ...

Ashgabat, Turkmenistan. The transnational megaproject of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline (TAPI), which is to be put into operation by 2019, will become a powerful impetus for the regional economic development, Turkmen ambassador to Malaysia Yazguly Mammadov said, the ...

Moscow. NOVATEK announced today that NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area. The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil ...

Abu Dhabi. The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC). CNPC, through its ...