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October, Thursday

Ratings // News

Position Heading Hits
101

Surgutneftgaz Profits Will Fall 50% Due To Lower Export

Profits at the number four Russian oil group will fall by a half during this year due to cut in export quotas leading to domestic price fall...

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102

Kremlin wants Russian oil export full control

Russia's top energy official, Deputy Premier Igor Sechin, wants the state to take full control of the country's exports of oil and refined products.

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103

Volvo sold to Chinese Zhejiang Geely Holding Group

China's Zhejiang Geely Holding Group signed a $1.8-billion deal with Ford Motor Co. on Sunday to acquire the U.S. auto giant's Volvo car unit, the Xinhua news agency said.

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104

Lukoil announced to have start the exploitation of the Uzbek Gissar gas field

LUKOIL Uzbekistan Operating Company has started work to erect infrastructure on the South-West Gissar field, LUKOIL Overseas Holding Ltd. President Andrey Kuzyaev said during the Oil Gaz Uzbekistan 2010 conference currently under way n Tashkent.

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105

JV PetroMonagas in Venezuela plans to boost heavy oil production by 20% to 145,000 barrels per day in 2013

PetroMonagas, a joint venture between TNK-BP (16.7%) and Venezuela’s national oil company PDVSA (83.3%), intends to increase its heavy oil production by 20% to 145,000 bpd in 2013.

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106

Fairmount Summit delivered rig SSV Catarina offshore Angola

Fairmount Summit delivered rig SSV Catarina offshore Angola. Tug Fairmount Summit has delivered rig SSV Catarina offshore Angola.

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107

Transneft Delegation on a Visit to Algeria

Meetings were held with representatives of national government agencies as well as the management of the national oil and gas company Sonatrach.

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108

Rosneft makes a gas condensate discovery named Wild Orchid offshore Vietnam

According to Rosneft, the exploration well PLDD discovered Wild Orchid gas condensate field at Block 06.1.

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109

Eulogio Del Pino: Venezuela and China consolidates a perfect integration

President of Petroleos de Venezuela (PDVSA), Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee the growth and expansion of hydrocarbon business at Orinoco Oil Belt.

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110

Malaysian Petronas and Azerbaijan's SOCAR partner to explore oil offshore

Petronas and SOCAR have signed a Memorandum of Understanding (MoU) to explore, develop and produce hydrocarbons from an offshore block in the Caspian Sea.

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111

West Texas oil discovery called largest ever

Oil explorers in the U.S. state of Texas say they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin.

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112

Putin activated the 358 km pipeline carrying Russian gas to Crimea

Vladimir Putin launched gas supply between the Krasnodar Region and the Crimea.

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113

Belarus buys Iran crude oil to replace Russian barrels?

Bel Oil concluded a contract with the NIOC on the purchase of 80,000 tons of crude oil for the country’s oil refineries.

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114

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.

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115

Russian tanker owner holds PDVSA oil cargo hostage over debts

Russian state-run shipping company is now holding a tanker of PDVSA crude in the Caribbean over $30 million worth of unpaid shipping fees.

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116

Russia reemerges as China’s top crude supplier

Even a layman with no specific interest in international affairs could observe that the Russo-Chinese relationship has reached new heights in the last few years. Cooperation in the energy sphere is of particular importance to both regional powers – and although gas projects are still to come online by the end of this decade, trade and joint projects in oil have broken new ground.

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117

Lukoil won the award for the heavy-oil block 12 in Mexico

Russia's Lukoil made the winning bid for the Area 12.

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118

ASE is carrying out the procurement procedure for Paks-2 NPP (Hungary)

ASE started the competitive equipment procurement procedure.

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119

Israel´s Delek sets in motion Tamar field stake sale

Delek is set to divest 9.25 % in Tamar and Dalit fields offshore Israel, to a special purpose company named Tamar Petroleum.

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120

Petrofac wins $700 mln engineering contract on Russian Sakhalin Island

Petrofac secured a contract to provide engineering services on Sakhalin Island, Russia.

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Neftegaz.RU context