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Question of the week

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

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News // Oil and gas worldwide

India approves OVL's russian Vankorneft deal

India’s Cabinet Committee on Economic Affairs, chaired by the prime minister Narendra Modi, approved an acquisition by ONGC Videsh (OVL) of 11% stake in Vankorneft.

06 October 2016 , 13:27Neftegaz.RU8490

Socar eyes Bulgaria’s UGS expansion

Azerbaijan´s Socar is interested in participating in the expansion of Bulgaria's underground gas storage (UGS) facility at Chiren, Bulgaria's energy ministry said.

05 October 2016 , 13:12Kama MustafayevaNeftegaz.RU8760

Giant Kashagan oil field under testing

Testing and precomissioning works started at Kashagan oil field in the Kazakh sector of the Caspian sea.

30 September 2016 , 11:04Elena KosolapovaNeftegaz.RU10650

Belgian gas supply competition grows

The Belgian market for natural gas is becoming more competitive every year. That is the main conclusion of a study by the energy market regulator Creg, based on the 2015 numbers.

26 September 2016 , 10:30Koen MortelmansNeftegaz.RU6870

Shah Deniz II is 82% complete

Azerbaijan’s Shah Deniz stage 2 is 82%-completed, said the BP-led project’s vice president Ewan Drummond.

22 September 2016 , 18:00Neftegaz.RU9610

PDVSA launches «one of the world's largest» drilling projects in the Hugo Chavez Orinoco Oil Belt

PDVSA will drill 480 wells in the Hugo Chavez Orinoco Oil Belt. This project, to be launched in the coming days, is unique given the oil market’s current economic situation.

22 September 2016 , 14:03Neftegaz.RU11810

Indian government to fund 40% cost of the $1.9 billion gas pipeline project

India´s Cabinet Committee on Economic Affairs approved viability gap funding for the gas pipeline project of the state-run Gail India Ltd. in the country's eastern part.

22 September 2016 , 12:01Neftegaz.RU6230

Indian GAIL may scrap tender for hiring LNG vessels

State-run gas co and two Japanese bidder fail to reach a consensus on tender conditions.

19 September 2016 , 15:15Sanjeev ChoudharyNeftegaz.RU7090

Iran: No more gas condensate sale

Director of NIOC Mohsen Ghamsari says the stored condensates will reach the end of their sale in the coming months.

14 September 2016 , 10:11Neftegaz.RU6840

India expects higher oil demand growth this year

India's oil demand growth is set to exceed 11% this year as the world's third-largest oil and gas consumer accelerates its economic development.

13 September 2016 , 14:16Neftegaz.RU7290

PGNiG chief expects to win an arbitration case against Gazprom and plans to buy gas deposits in Norway

Poland's PGNiG plans to buy gas deposits in Norway, the company's CEO Piotr Wozniak said on September 8, 2016.

08 September 2016 , 18:48Neftegaz.RU9720

Shell eyes Kazakh gas processing plan

Kazakhstan's energy ministry, state producer KazMunaiGas, energy transporter KazTransGas and Anglo-Dutch major Shell have signed a memorandum of co-operation in the field of gas processing and petrochemicals market research.

07 September 2016 , 18:15Ilham ShabanNeftegaz.RU6130

Venezuela regards as positive the initiative by Russia and Saudi Arabia to stabilize the global oil market

Venezuela´s Minister of Petroleum Eulogio Del Pino expressed the support for the initiative to stabilize the oil market announced by the Minister of Energy of Russia and the Minister of Energy of Saudi Arabia.

07 September 2016 , 14:05Neftegaz.RU6050

Azerbaijan’s SOCAR launches new gas distribution network in Georgia

President of Azerbaijan’s oil company SOCAR Rovnag Abdullayev took part in the opening of a gas distribution network in Girikhli village of Marneuli region in Georgia.

06 September 2016 , 10:12Neftegaz.RU7090

BP and CNPC sign 2nd shale gas production sharing contract

Oil major BP Plc reported that it had signed a 2nd shale gas production sharing contract with China National Petroleum Corp (CNPC).

01 September 2016 , 14:09Neftegaz.RU6430

Natural gas for the new plant in Turkmenistan

On 304 km of the gas pipeline «East-West» began laying pipes for construction in Ovadandepe the largest in the Asian region plant for the production of gasoline from natural gas.

31 August 2016 , 18:10Neftegaz.RU13070

Record income for Tamar partnership

The Tamar partnership ended the 1st six months of 2016 with new production and financial records.

26 August 2016 , 12:14Ya'acov ZalelNeftegaz.RU6010

China has become the North Sea’s biggest operator, unperturbed by low oil prices

The stake held by Chinese state-run firms in the region has ballooned to the extent that they got £2billion in tax breaks from the UK Government last year.

24 August 2016 , 16:20Mark LammeyNeftegaz.RU6240

Iran readies oil deals with Russia and China

As much as 150,000 barrels per day (bpd) could be swapped under an exchange deal said to be close to readiness between Iran and Russia, benefiting customers in the Persian Gulf and further cementing the Islamic republic's comeback on the international stage.

24 August 2016 , 12:10Neftegaz.RU7000

China to become world's 2nd largest shale gas producer by 2040

China is expected to produce over 20 billion cubic feet of shale gas per day (Bcf/d) by 2040, becoming the world's second largest producer after the United States.

18 August 2016 , 14:15Neftegaz.RU7520

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