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October, Tuesday



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

Engie retooled its contract with Norwegian, but reminds of similar move with Russia

French energy company Engie said it renegotiated its long-term supply contract with one of the leading natural gas suppliers to the European market.

02 December 2016 , 18:00Daniel J. GraeberNeftegaz.RU6750

Leviathan partnership inks $2 bln sale contract

Leviathan Partnership has signed another gas sales contract, taking it nearer a final investment decision on the Leviathan gas field.

01 December 2016 , 14:21Neftegaz.RU6190

Delek secures $1.75 bln financing for Leviathan gas field offshore Israel

Israel-based Delek Group and Avner Oil Exploration will receive up to $1.75 bln in financing to fund its share in the development of the Leviathan natural gas field in Mediterranean Sea, Israel.

29 November 2016 , 15:39Neftegaz.RU5900

Iran's NISOC and Schlumberger sign MOU on 3 oilfields studies

Iranian NISOC and Schlumberger signed a memorandum of understanding (MOU) to carry out preliminary studies over 3 oilfields in southwestern Khuzestan province in Iran.

29 November 2016 , 13:01Neftegaz.RU5430

Oil minister Dharmendra Pradhan: Affordable energy fuels India's growth

The world is eyeing India as it is the new engine of global growth, oil minister Dharmendra Pradhan said, while laying out future roadmap for the country’s oil industry in a globalised environment.

25 November 2016 , 15:01Neftegaz.RU5430

Azerbaijan cuts gas losses

Azerbaijan's state statistical committee reports that in Jan-Sep 2016 the amount of gas lost in onshore pipes was 3.3% (525mn m³), down from 4.4% (735mn m³) in 3-Qs of 2015.

24 November 2016 , 12:07Ilham ShabanNeftegaz.RU5130

Chinese companys eye more investments in Latin America

CNPC signs cooperation MOUs with PDVSA and Peru's Ministry of Energy and Mines respectively.

23 November 2016 , 14:04Neftegaz.RU6500

French Total signs pact with Azerbaijan´s Socar over Caspian gas field

Total and Socar have struck an agreement for the first phase of production of the Absheron gas and condensate field in the Caspian Sea.

21 November 2016 , 17:49Neftegaz.RU6240

Iran overtakes Saudi to becomes India's top crude oil supplier

For the first time ever, Iran has surpassed Saudi Arabia to become India's top crude oil supplier.

18 November 2016 , 16:04Neftegaz.RU6030

Frontera wins bid for hydrocarbon exploration in the Republic of Moldova

Frontera Resources Corporation said it has won bidding for exploration and production of hydrocarbons in Moldova.

17 November 2016 , 12:07Neftegaz.RU5150

Ukraine approves unbundling decree

Ukraine’s cabinet approved a resolution to create a state company to run the country’s gas grid. The government is planning to restructure the 100% state-owned Naftogaz Ukrainy, demerging the transport and storage divisions from everything else, following the resolution of July 1, 2016, Naftogaz said November 14.

14 November 2016 , 15:00Neftegaz.RU5310

The role of innovative technologies in gas production in Turkmenistan grows

Now the State Corporation Turkmengeology continues prospecting works with use of innovative technologies on the huge Galkynysh field, and also on close located perspective sites South Garagum, Gazanly, Dzhurdzhi, East Yoloten and Western Yandakla.

11 November 2016 , 12:11Neftegaz.RU6500

Poilsh monopoly boosts Q3 gas sales, profits fall

Polish oil and gas monopoly PGNiG recorded profit of zloty 1.63bn ($413mn) for its Q3 2016 business, down 25% year on year. Its Ebitda was down by a fifth, falling from zloty 5.31bn to zloty 4.27bn, with sales revenue down by 14%.

10 November 2016 , 10:07William PowellNeftegaz.RU5640

The Head of Petronas has declared determination for expansion of partnership with Turkmenistan

Determination for expansion of partnership with Turkmenistan was declared by the head of the Petronas Datuk Van Zulkifli Van Ariffin at a meeting with the President Gurbanguly Berdimuhamedov.

09 November 2016 , 14:09Neftegaz.RU5880

BP´s Bob Dudley expects oil to «easily» reach $55 in 2017

Bob Dudley, CEO of BP, told Bloomberg that he expects oil to «easily» reach $55 next year because the market «is generally in balance» – remarks that closely follow sentiments he expressed at the World Energy Conference in Istanbul last month.

09 November 2016 , 10:06Neftegaz.RU5210

Armenia cuts gas price again

Armenia has announced that it plans to reduce the gas price for domestic consumers for the second time this year.

07 November 2016 , 15:07Neftegaz.RU4780

PDVSA signs new financing agreements to boost production at the Belt

On November 4, 2016, Nicolás Maduro, signed financing agreements for $1.4 billion to increase production at the joint ventures Petrolera Indovenezolana and Petrodelta.

07 November 2016 , 13:00Neftegaz.RU6040

Iran gas to be destined to Georgia

Directors of the National Iranian Gas Exports Company and the Georgian GIEC company willing to purchase Iranian gas have discussed enforcement of a contract for export of Iranian gas to Georgia.

07 November 2016 , 10:04Neftegaz.RU7830

Asias Iranian oil purchases up to 92%

Iran has a whopping jump in its oil exports to Asia and its supplies to the world’s largest consumption zone are now much closer to pre-sanctions levels.

31 October 2016 , 17:12Neftegaz.RU6630

Kazakhstan output down 0.8% in Q3

Kazakhstan’s 2016 gas output fell.79% to 33.5bn m³ through the end of September government data shows.

26 October 2016 , 17:41Neftegaz.RU5870

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