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October, Wednesday



Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

poll archive

News // Economy

India and Russia sign 3 agreements in the «Hydrocarbon» sector

Dharmendra Pradhan highlighted cooperation between India and Russia in the Hydrocarbon Sector, including the acquisition of 23.9% stake in Vankorneft and 29.9% in Taas-Yuryakh by an Indian Consortium of IOCL, OIL and BPRL and acquisition of 15% and 11% stake by OVL in Vankorneft from Rosneft.

17 October 2016 , 15:53Neftegaz.RU6250

Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%

Billionaire brothers Shashi and Ravi Ruia are likely to end up owning less than 10% of their flagship Essar Oil refinery after selling a controlling stake to Russian Rosneft.

13 October 2016 , 18:00Neftegaz.RU6270

Turkmenistan and Tatarstan intends to increase trade and economic cooperation

An impressive capacity for trade and economic cooperation and increase bilateral trade turnover was noted at the meeting in Ashgabat.

12 October 2016 , 18:00Neftegaz.RU5250

Petrobras cuts planned investment by 25%

Brazilian Petrobras cut its investment budget for the coming years and plans to raise more cash from the sale of assets, amid efforts to reduce its huge debt.

21 September 2016 , 10:11Neftegaz.RU5370

Russia bases economic forecast on $40 oil

The Central Bank of Russia lowers rates and forecast for economic growth in 2017, basing its forecast on oil priced at $40 per barrel. For the 1st time since June 2016, the bank said it lowered its key rate by a half percent to 10%, saying it was forecasting «unstable economic activity».

19 September 2016 , 00:09Daniel J. GraeberNeftegaz.RU6340

International Energy Agency sees 8% drop in world energy investment

Global energy investment in 2015 amounted to $1.8 trillion, down 8% (in real terms) from 2014, according to a survey published by the International Energy Agency.

15 September 2016 , 17:29William PowellNeftegaz.RU6250

Tough times for China’s biggest energy majors PetroChina und Cnooc

PetroChina and Cnooc reported sharply lower profits for the first half of 2016.

25 August 2016 , 14:14Neftegaz.RU5840

Ukraine may lose 15% of its gas transit due to new Turkish Stream project

15 out of 70 billion cubic meters of Russian gas being transported through Ukraine could be lost, says Naftogaz CEO Andrey Kobolev.

22 August 2016 , 10:12Neftegaz.RU6030

«Dragon Oil» investments in development of sea fields of Turkmenistan are grown

Investments of the company «Dragon Oil (Turkmenistan) Ltd» into development of fields of the Turkmen sector of the Caspian Sea have reached $5,45 billions.

19 August 2016 , 12:13Neftegaz.RU5840

Venezuela’s growing risk to the world oil market

Venezuela is facing profound social and political crises, creating the circumstance of a potential catastrophe to come.

17 August 2016 , 16:16Neftegaz.RU6500

Wood Group wins $700 mln contract in Kazakhstan

Wood Group is providing main automation contractor services to Tengizchevroil at the Tengiz Field in Kazakhstan.

16 August 2016 , 16:19Neftegaz.RU6730

Iran to sign mega oil and gas projects by March 20, 2017

Amir Hossein Zamaninia, the Iranian deputy oil minister announced that Iran will ink new oil contracts worth billions of dollars with renowned foreign companies by the end of the present Iranian calendar year (March 20, 2017).

15 August 2016 , 12:11Neftegaz.RU10150

Gazprom announced a 5% fall in net profits in the 1st quarter of 2016

Gazprom reported its 1st-quarter net profit slipped 5% to 362 billion roubles ($5.6 billion) despite an increase in revenue, as operating expenses rose.

10 August 2016 , 18:17Neftegaz.RU4580

USA oil and gas bankruptcies rise above 90 as the crude downturn continues

The number of oil and gas companies filing for bankruptcy has reached 113 between Q4 2014 and Q2 2016 with the US leading with 93 bankruptcies.

09 August 2016 , 10:12Neftegaz.RU4210

Korean KNOC to exit Kazakhstan’s Zhambyl oil block

Korea Oil Corporation (KNOC) has stated its intention to abandon the Zhambyl oil block in the Kazakh section of the Caspian Sea.

08 August 2016 , 10:00Neftegaz.RU6790

Switzerland´s Transocean profit falls as revenues nearly halve

One of the world’s largest offshore drilling contractors, Transocean, posted a sharp drop in second quarter 2016 profit while its revenues were almost halved.

05 August 2016 , 10:02Neftegaz.RU4130

Kuwait to raise petrol prices by 83% from 1 September

The Kuwaiti government announced the decision on August 1, 2016. The price hike is part of economic reforms aimed at countering falling oil revenues.

03 August 2016 , 09:04Neftegaz.RU4820

BP posts lower profits. Analysts had expected better results

BP posted a lower profit for the second quarter of 2016 of $720 million on an underlying replacement cost basis, compared with $1.3 billion for the second quarter of 2015.

26 July 2016 , 16:12Neftegaz.RU4630

ExxonMobil to acquire InterOil in transaction worth more than $2.5 Billion

Exxon Mobil and InterOil Corporation announced an agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil.

22 July 2016 , 09:52Neftegaz.RU5470

Halliburton Reports $3.2 Billion Loss

Halliburton on Wednesday posted a loss for the second quarter of 2016, compared to a year-earlier profit, impacted by a failed merger with its rival Baker Hughes.

21 July 2016 , 10:11Neftegaz.RU5290

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