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March, Monday



Question of the week

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

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News // Economy

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.RU7430

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.RU8400

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.RU12880

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.RU5200

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.RU5100

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.RU9310

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.RU4760

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.RU5520

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.RU5700

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.RU6610

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.RU5900

Iran to name foreign companies eligible for oil tenders

Iran will issue a preliminary list of foreign companies eligible to participate in tenders to develop its oil and gas fields within the next 2 weeks.

19 July 2016 , 14:17Neftegaz.RU11890

Woodside Awards OneSubsea an Integrated EPC Contract

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling approximately $300 million from Woodside Energy Ltd.

15 July 2016 , 13:14Neftegaz.RU6260

NIOC und Zarubezhneft ink confidentiality agreement

Iran has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two western oil fields.

13 July 2016 , 16:16Neftegaz.RU11380

LNG Canada’s joint venture participants delay timing of final investment decision

On July 11, 2016,  LNG Canada announced that its joint venture participants – Shell, PetroChina, Mitsubishi Corporation and Kogas – have decided to delay a final investment decision on LNG Canada that was planned for end 2016.

12 July 2016 , 11:07Neftegaz.RU6340

Saipem awarded new E&C contracts worth over €1.5 billion, including the Zohr Field Development Project

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros.

08 July 2016 , 11:14Neftegaz.RU24590

Saipem: new €554 million credit facility to finance the acquisition of goods and services from Norway

Saipem has subscribed a new credit facility for up to €554 million which will be used for the financing or refinancing of the Company’s purchases of equipment and services from Norwegian exporters.

04 July 2016 , 12:04Neftegaz.RU7760

Yamal LNG Withdraws First Tranche of Financing from Chinese Banks

OAO Yamal LNG (“Yamal LNG”) today reported withdrawing the first tranche of financing in the amount of EUR 0.45 billion provided by the China Development Bank and the Export-Import Bank of China under loan agreements signed on 29 April 2016.

29 June 2016 , 17:18Neftegaz.RU5950

Gazprom Expects Profits To Triple Despite Low Oil Prices

After posting an 86 percent drop in net profit of 159 billion rubles ($3.07 billion) in 2014, the Russian gas giant has posted margins of over 10 percent for 2015 and expects its profits to triple.

27 June 2016 , 15:28Neftegaz.RU4950

Igor Sechin and CSIC Chairman Hu Wen Ming signed contract for floating transfer dock construction for Zvezda Shipyard

Far Eastern Plant Zvezda, China Shipbuilding & Offshore International Co., Ltd. (CSOC) and Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd. (BSIC) signed a contract for the construction and delivery of a floating transfer dock facility for Zvezda shipbuilding complex.

27 June 2016 , 11:53Neftegaz.RU7410

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