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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?

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News // Oil and gas worldwide

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.RU5720

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.RU8030

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.RU5820

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.RU9270

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.RU8290

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.RU7260

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

13 February 2017 , 13:00Neftegaz.RU7200

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.RU6910

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.RU7300

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.RU7600

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.RU13260

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.RU6850

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.RU7630

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.RU7110

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.RU7500

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.RU6760

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.RU7520

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.RU7820

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.RU8150

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.RU8990

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