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March, Thursday



Question of the week

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

poll archive

News // Oil and gas worldwide

Indonesia tackles falling oil output with $200 bln new investment plan

Indonesia is ambitiously planning to bring in $200 bln in new oil investment as local production declines and demand grows.

02 May 2017 , 18:00Irina SlavNeftegaz.RU5160

Lithuania's gas exchange Get Baltic expects growth due to expiring Gazprom discount

The Lithuanian gas market Get Baltic, which is launching operations in Latvia and Estonia in July, projects growth.

01 May 2017 , 12:01Neftegaz.RU4940

Oil prices to revolve around $60–70 in next 3 years

McKinsey Energy Insights claims that oil prices will revolve around $60–70/bbl over the next 3 years.

20 April 2017 , 12:13Neftegaz.RU5010

Iran officially launches South Pars oil layer project

 Iran on Sunday inaugurated a project to recover crude oil from the oil layer of the supergiant South Pars Gas Field.

17 April 2017 , 10:34Neftegaz.RU5330

U.S. Gulf of Mexico oil production breaking records. Set to rise further

Oil production from the U.S. Gulf of Mexico broke an annual record in 2016, and it set to continue to rise.

13 April 2017 , 14:16Neftegaz.Ru4630

Arab oil producers boast over half of the world’s reserves

The 11 Arab countries that comprise the OPEC  have combined proved reserves of 710 bln barrels of crude – 55.6 % of the world’s total.

11 April 2017 , 12:17Neftegaz.RU5820

1st shipment of CNPC's equity oil sets sail from UAE to China

The New Constant oil tanker with 1 million barrels of CNPC's equity oil set sail from Port Fujairah in UAE to China.

07 April 2017 , 14:15Neftegaz.RU5040

ONGC submits new $3 bln plan for Farzad gas field in Iran

ONGC has submitted a revised plan to explore and develop the giant Farzad B gas block in Iran, which includes the commitment to contribute more than $3 billion.

05 April 2017 , 12:10Neftegaz.RU7000

Iranian crude oil exports close to record 3 million bpd

Total exports of crude oil and condensate averaged 2.8 million bpd in the months up to the new Iranian year (started on March 21).

04 April 2017 , 12:11Neftegaz.RU6190

Ineos acquires Forties Pipeline from BP in $250 mln deal

Ineos confirmed it has acquired the Forties Pipeline System (FPS) from BP in a $250 mln deal, which includes 300 jobs.

03 April 2017 , 17:32Neftegaz.RU12570

Record sales and profits in Israel´s Tamar in 2016

Tamar gas field partnership both sold a record amount of gas and made a record profit in 2016.

31 March 2017 , 18:00Neftegaz.RU5450

Wasco begins concrete weight coating of Nord Stream 2 pipes

Wasco Coating has started work on the concrete weight coating of the Nord Stream 2 pipes.

28 March 2017 , 10:12Neftegaz.RU8600

Saudi retains top oil supplier to China despite yr/yr drop

Saudi Arabia maintained its spot as China's top oil supplier in February.

23 March 2017 , 14:10Neftegaz.RU5210

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.RU5400

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.RU7660

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.RU7220

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.RU6940

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.RU5770

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.RU8010

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.RU5060

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