Russian Prime Minister Vladimir Putin will attend the opening ceremony of the Russian section in the Russia-China oil pipeline, which will take place in Russia's Far Eastern Amur region on Sunday.
The National Iranian Petrochemical Company (NIPC) and a Chinese consortium are about to finalize a deal whereby China will invest some $1 billion in petrochemical projects in Iran, the Mehr news agency reported on Saturday.
A Policy analyst at IMANI Ghana is questioning the reasonableness of an agreement which will see 20 years of Ghana's oil proceeds mortgaged for affordable houses to be built by South Korean construction firm, STX.
Russian companies will supply about 70 percent of the required oil at market prices for a joint refinery project involving China's CNPC and Russia's Rosneft, China's Energy Minister Zhang Guobao said on Tuesday.
OJSC Varyoganneftegaz (incorporated into TNK-BP) is performing well construction works ahead of its business plan since the beginning of 2010, having drilled 67 wells in this period against the planned 57 wells.
German Chancellor Angela Merkel told Ukrainian President Viktor Yanukovych that her country is ready to invest in reconstructing the Ukrainian gas transport system, Korrespondent.net reports.
The website reported that she said this in reply to Yanukovych's offer to Berlin to participate in the project.
Russia's second largest oil producer LUKoil may not use an option to buy its 11.6 percent stake back from U.S. oil major ConocoPhillips, LUKoil quoted President Vagit Alekperov as saying on Monday.
Russian Prime Minister Vladimir Putin opened a new oil and gas institute at the Siberia Federal University while travelling through Siberia and the Far East. Speaking to faculty and students, Putin said the new institute would prepare specialists to work in the nation's rapidly-developing oil and gas sector.
Russia's largest private oil company LUKoil increased its first half profit to US GAAP by 24 percent to $4.002 billion, the company said on Tuesday, in line with analysts' expectations in a RIA Novosti poll.
BP PLC plans to move ahead with replacing the blowout preventer that sits atop the well that unleashed the Deepwater Horizon oil spill, despite failing in attempts to remove pieces of drill pipe stuck inside the device, the federal oil-spill response chief said Friday.
The European Commission will study a Russian-Polish gas deal to make sure it complies with European Union legislation, European Commission President Jose Manuel Barroso said on Wednesday following a meeting with Poland's President Bronislaw Komorowski.
Kazakh President Nursultan Nazarbayev will visit Kiev on September 14-15 to discuss possible gas supplies from Kazakhstan to Ukraine with his counterpart Viktor Yanukovych, the Kazakh ambassador to Ukraine said on Monday.
LUKOIL does not plan to use its entire option to buy its shares (11.61 percent) from ConocoPhillips, LUKOIL Vice-President Leonid Fedun said according to RBK.
Halliburton (NYSE: HAL) has been awarded a contract by Eni to provide a range of integrated energy services toward the redevelopment of the Zubair field in southern Iraq, Halliburton reported in a news release.
The Obama administration on Tuesday ordered federal offshore-oil regulators to recuse themselves from official actions involving companies that employ their family members or close friends. It also placed new restrictions on regulators' oversight of companies they once worked for.
Ukraine hopes to find a compromise on the price at which Russia supplies it with gas, Ukrainian Prime Minister Mykola Azarov said on Wednesday, calling the current formula "enslaving."
A Policy analyst at IMANI Ghana is questioning the reasonableness of an agreement which will see 20 years of Ghana's oil proceeds mortgaged for affordable houses to be built by South Korean construction firm, STX.
Despite rising optimism about the economy, the US Energy Information Administration on Tuesday again slashed its forecast for 2009
