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News // Oil and gas worldwide

Ellon based NECE wins 1st contract of year in Kazakhstan

Ellon-based integrity monitoring specialist North East Corrosion Engineer (NECE) has won its 1st contract of the year in Kazakhstan.

22 March 2017 , 12:10Neftegaz.RU4280

Sinopec nearing deal to buy Chevron’s $1 billion South African assets

Sinopec is the last bidder left in the race to buy a majority interest in Chevron’s South African assets worth $1 billion.

20 March 2017 , 15:28Tsvetana ParaskovaNeftegaz.RU5790

Turkmenistan to discuss questions of participation of Qatar in the TAPI project

Turkmenistan shows interest in discussion of the questions connected with participation of financial and investment structures of Qatar in TAPI gas pipeline.

17 March 2017 , 18:19Neftegaz.RU5470

IEA: Oil production rising, demand slowing in 2017

The growing consensus that the OPEC oil cutback initiative isn't working has been met by OPEC members insisting that their efforts combined with rising demand will result in a market rebalance.

17 March 2017 , 14:35Neftegaz.RU5690

India’s oil imports from Iran trebled in February

The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about 3 times.

17 March 2017 , 12:14Neftegaz.RU4710

Could Rosneft take control of Citgo?

Rosneft could take control of 49.9 % of Citgo – the troubled U.S. business of Venezuela’s state-owned oil company.

16 March 2017 , 14:15Irina SlavNeftegaz.RU6610

Experts of the Caspian countries discussed sustainable development and management on the Caspian Sea

The international seminar Caspian Sea – sustainable development and management is held with assistance if the Ministry of Foreign Affairs of Turkmenistan.

10 March 2017 , 14:43Neftegaz.RU4320

Naftogaz to buy 1.1 bln m³ for Ukraine in March

Naftogaz has issued letters of credit under the loan agreement with Citi and Deutsche Bank secured by the World Bank.

03 March 2017 , 12:16Neftegaz.RU4910

Wood Group begins detailed engineering of Leviathan

Wood Group completed the 7 month front end engineering design for Noble Energy’s Leviathan Field Development Project and has started the detailed engineering for the platform.

02 March 2017 , 14:09Neftegaz.RU5550

Azerbaijan eyes more Balkan gas clients

Natig Aliyev says Bulgaria will be able to import gas from the Shah Deniz field through the Interconnector Greece-Bulgaria, which will link to the Southern Gas Corridor, in 2020.

23 February 2017 , 16:11Neftegaz.RU4700

Saudis lose South Korea oil market share to Iran as Iraq accelerates its own export plans

How much patience Saudi Arabia will have for other OPEC members not pulling their weight under the cartel's oil cutback agreement has taken on with news that the kingdom is losing a share of South Korea's oil market to Iran.

20 February 2017 , 15:23Neftegaz.RU8070

Eni complete the sale to BP of a 10% stake of Shorouk, offshore Egypt

Eni, BP, and the Egyptian Minister of Petroleum signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore Egypt.

14 February 2017 , 12:15Neftegaz.RU5990

ONGC's $2.4 bln Mozambique deal under Oil Ministry scanner

ONGC's $2.4 bln purchase of Videocon Group's 10 % stake in a giant Mozambique gas field has come under the Oil Ministry's scanner following allegations that the PSU may have overpaid about $200 million.

13 February 2017 , 15:24Neftegaz.RU6020

Kazakhstan´s gas exports rise for 3rd year

Kazakh commodity sector is trying to develop its gas production as oil output falls, according to local analysts Finprom.kz.

13 February 2017 , 13:00Neftegaz.RU6110

Norway slowly recovers from oil price slump

Norway’s economy has started to recover from the blow dealt by the oil price slump, but things are improving slowly.

10 February 2017 , 16:10Irina SlavNeftegaz.RU5680

Qatar Petroleum boss says Donald Trump «very positive» for crude oil

The head of Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Trump would impact on global oil and gas markets.

08 February 2017 , 14:10Neftegaz.RU5880

Oil prices increase amid new US sanctions on Iran

Oil prices edged up on news that Donald Trump could be set to impose new sanctions on multiple Iranian entities, raising geopolitical tensions between the 2 nations.

07 February 2017 , 14:11Neftegaz.RU6490

South Korea starts generating from US shale gas

US shale gas is being used for the 1st time to generate power just a few miles from the border with hardline communist North Korea.

03 February 2017 , 14:10Neftegaz.RU8580

United Arab Emirates to invite Indian firms for upstream oil and gas investments

UAE will invite Indian firms for upstream oil and gas investments, giving the energy-deficient country a rare chance to be involved in the hydrocarbon sector of the oil-rich region that accounts for most of its energy imports.

31 January 2017 , 10:08Neftegaz.RU5680

Azerbaijan to produce more gas, less oil in 2017

Resource-rich Azerbaijan plans to produce more gas and less oil in 2017.

26 January 2017 , 10:06Nigar AbbasovaNeftegaz.RU5890

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