News // Economy
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
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
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
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
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 , 00:09Neftegaz.RU6340
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 , 17:29Neftegaz.RU6250
PetroChina and Cnooc reported sharply lower profits for the first half of 2016.
25 August 2016 , 14:14Neftegaz.RU5840
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
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 is facing profound social and political crises, creating the circumstance of a potential catastrophe to come.
17 August 2016 , 16:16Neftegaz.RU6500
Wood Group is providing main automation contractor services to Tengizchevroil at the Tengiz Field in Kazakhstan.
16 August 2016 , 16:19Neftegaz.RU6730
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 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
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
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
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
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 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
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 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