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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

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.RU7340

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.RU7210

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.RU6220

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.RU5780

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.RU11060

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.RU6580

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.RU9040

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.RU6080

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.RU5850

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.RU7490

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.RU9790

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.RU8010

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.RU6910

Pakistan in talks with Russia, Malaysia among others to import LNG

Pakistan is in talks with a number of countries to buy LNG, the country’s oil minister Shahid Khaqan Abbasi said October 24, 2016.

25 October 2016 , 18:00Shardul SharmaNeftegaz.RU8380

Venezuela has $11 billion missing from the state oil giant PDVSA

A report released on Wednesday says at Venezuela’s congress at the national oil company PDVSA that from 2004 to 2014 about $ 11 billion disappeared.

20 October 2016 , 18:00Neftegaz.RU7900

India: Rosneft and BP entry may fuel retail competition

India's fuel retailing sector is poised for unprecedented competition with Russia's Rosneft and Britain's BP set to operate petrol pumps with global best practices, which can shake up the state dominated sector and give consumers international quality service.

20 October 2016 , 13:12Sanjeev ChoudharyNeftegaz.RU7140

Iran to start bidding for oil and gas projects on Monday

Iran will begin taking applications on Monday for an unspecified number of energy projects.

17 October 2016 , 13:00Neftegaz.RU5720

Kazakhstan's Kashagan crude oil ready for exports

The first batch of crude oil from the giant Kashagan oil field off the coast of Kazakhstan has been processed and is destined for exports, an operator said.

17 October 2016 , 10:04Daniel J. GraeberNeftegaz.RU7750

Indian consortium led by Oil India eyes stake in Russia's Vankor cluster oilfields

A consortium led by Oil India Ltd is eyeing up to 49%  stake in Russia's Vankor cluster oilfields to consolidate its presence in the energy-rich Arctic region.

13 October 2016 , 12:13Neftegaz.RU8080

Azerbaijan and Kazakhstan are planning to lay new Eskene-Kuryk-Baku oil pipeline

The Ministry of Energy of Azerbaijan Aliyev announced, that it is planned to lay a Trans-Caspian oil pipe from Kazakhstan to Azerbaijan with capacity of up to 56 million tons a year.

07 October 2016 , 12:08Neftegaz.RU20690

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