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News // Oil and gas worldwide

Iran-Iraq gas pipeline goes into operation on Jan. 24

Iran will begin on Tuesday the operation of a pipeline supplying natural gas to Iraq, Iran’s oil minister said Saturday.

23 January 2017 , 13:00Neftegaz.RU5700

Chinese CNOOC expects 2nd consecutive output decline, slashes 2018 target

CNOOC is aiming to cut production by 3.4 to 5.5 % this year, the 2nd annual decline in a row after 15 years of impressive growth, despite planning a rebound in project spending.

20 January 2017 , 12:11Neftegaz.RU6230

Chinese Sinosure goes big on Iranian refinery

Chinese export credit agency Sinosure has opened a $1.3 billion line of credit for the upgrade of an Iranian oil refinery.

19 January 2017 , 14:03Neftegaz.RU5700

Exxon Mobill will pay up to $6.6 bln to double its holdings in the Permian Basin

Exxon Mobil is buying about 275,000 acres in the booming Permian Basin oil fields from the Bass family for $5.6 billion in stock and $1 billion in contingent cash payouts.

18 January 2017 , 12:06Neftegaz.RU6150

India's oil demand growth rate to eclipse China's

Oil consumption in India is expected to 7-8 % this year, outpacing China's demand growth for the 3rd consecutive year, as impact of demonetisation is likely to be short-lived.

16 January 2017 , 17:37Neftegaz.RU6480

Milestone reached for Kashagan oil field

More than 7 million barrels of crude oil have been produced safely from the Kashagan oil field in Kazakhstan since September 2016, the operator said.

16 January 2017 , 10:37Neftegaz.RU5440

Azerbaijan's Socar supplies Malta's 1st LNG

Malta’s first LNG cargo, supplied by Azerbaijan's state Socar, was delivered January 11 aboard the tanker Galea.

13 January 2017 , 12:13Neftegaz.RU7200

Argentina reaches deal to tap into massive Vaca Muerta oil and gas

Argentina has clinched a deal with labour unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the world.

11 January 2017 , 14:17Neftegaz.RU6130

Wood Group secures multi-million dollar Saudi Aramco contract

Wood Group has secured a 5-year multi-million dollar framework agreement with Saudi Aramco to continue providing engineering and project management services to its onshore capital programmes in the Kingdom of Saudi Arabia.

11 January 2017 , 10:11Neftegaz.RU5890

Petrofac wins $600 mln Oman deal

Petrofac has been awarded a $600 mдт (€569 mдт) contract for an extraction project in southern Oman.

09 January 2017 , 13:00Neftegaz.RU6490

Venezuelan oil minister Del Pino has been removed from his post by President Maduro

Venezuelan President Nicolas Maduro replaced Eulogio del Pino as head of the Oil Ministry in the latest attempt to get the long-suffering country back on its feet.

06 January 2017 , 10:05Neftegaz.RU6490

Belarus reduces oil export duties

Belarus reduced export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union (EEU) on 1 January 2017.

04 January 2017 , 10:12Neftegaz.RU7940

Venezuela vows to slash production, create 10 years of market stability

Venezuela, the OPEC member, whose economy has all but collapsed under the cartel's pre-cutback production frenzy that decimated crude prices, says it will reduce output by 95,000 barrels per day (bpd) in the New Year.

29 December 2016 , 18:09Neftegaz.RU8170

Iran's gas destined to Europe via Georgia and Black Sea

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholam-Hossein Shafeie says Iran's gas can be exported to Europe via Georgia and the Black Sea in the near future.

26 December 2016 , 15:00Neftegaz.RU8150

Egypt to liberalise downstream gas

Egypt is taking the first steps to liberalise and deregulate its gas market through gradual privatisation in the hope of making the country a regional energy hub.

23 December 2016 , 10:11Neftegaz.RU5810

Petronas signed MoU for studying 2 Iranian oilfields

Petronas signed a memorandum of understanding with NIOC to collaborate in a field study in South Azadegan and Cheshmeh Khosh oilfields.

22 December 2016 , 15:00Neftegaz.RU6980

Chinese Wison wins Kazakhstan´s LNG project EPC contract

Chinese Wison Engineering Services has been awarded an engineering, procurement and construction contract to build an LNG project in Kazakhstan.

21 December 2016 , 14:18Neftegaz.RU8060

Gas extraction from Phase 21 of iranian South Pars field begins

The operator of the project for development of phases 20 and 21 of South Pars gas field Ali-Reza Ebadi says the project to extract gas from phase 21 of South Pars with 28 million cubic meters/day has started.

15 December 2016 , 18:26Neftegaz.RU5410

Petrofac wins $75 mln Iraq deal

Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).

14 December 2016 , 14:16Neftegaz.RU6300

Tethys resumes Kazakh gas sales

Tethys Petroleum resumed gas sales to Kazakh transportation company Intergas Central Asia (ICA), the Cayman Islands company said December 12.

14 December 2016 , 12:05Neftegaz.RU4650

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