Oil and gas: page 8

Murmansk. Three new boilers, which use local peat as fuel, began working in the Umba village on the White Sea (the Murmansk region), the local government said. Thus, the region will cut its dependence on heavy fuel oil, which is the biggest problem in the North, the regional government ...

Tokyo. Oil prices were mixed on Tuesday as the ongoing U. S. -China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output. U. S. crude CLc1 was down 21 cents, or 0. 4%, at $54. 89 a barrel by 0244 GMT, while ...

Moscow. PAO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region. The ...

Moscow. LUKOIL Board of Directors held a meeting in Moscow today. Members of the Board reviewed the company's performance in the first half of 2019, budget execution and progress on the investment plan. Directors noted that companies of LUKOIL Group have accomplished key tasks of the ...

New Delhi. Indian companies are going to purchase more Russian liquefied natural gas (LNG), including from new projects in the Arctic region, according to Russian Energy Minister Alexander Novak. “The LNG market will expand and our Indian partners are interested in increasing LNG ...

Сhelyabinsk. Russia’s Energy Minister Alexander Novak plans to hold meetings with partners from India and Japan in the framework of the Eastern Economic Forum 2019, which will be held on September 4-6 in Vladivostok. "Right now the program of meetings is being formed. There will ...

Baku. Members of an organized crime group who have committed theft of oil in Kazakhstan’s Mangystau region were exposed, Trend reports with reference to Kazakh media. As reported, the group included 12 members in total. “The theft of oil was occurring from August 2017 to ...

Tokyo. Oil prices were lower on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude. An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. Brent ...

Warsaw. Poland will be selling in 2019 to Ukraine the liquefied natural gas (LNG) that it purchases from the United States, Polish Oil and Gas Company (PGNiG) said in a statement. "Polish Oil and Gas Company (PGNiG) has purchased a cargo of liquefied natural gas from the US, and then ...

Moscow. Alexey Miller, Chairman of the Gazprom Management Committee, today held in St. Petersburg a conference call marking Oil and Gas Industry Workers Day. The heads of Gazprom Dobycha Noyabrsk, Gazprom Dobycha Urengoy, Gazprom Transgaz Saint Petersburg, and Gazprom Transgaz Ukhta ...

Tokyo. Oil took a breather on Friday after three days of solid gains, but was set for its strongest week since early July, boosted by a decline in U. S inventories and a looming hurricane in Florida, while new signs of trade talks emerged. Brent crude LCOc1 was down 7 cents, or 0. 1%, at ...

Moscow. PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2019 prepared in accordance with International Financial Reporting Standards (IFRS). For the first six months of 2019, our sales increased by 7. 9% ...

Moscow. The Kremlin believes that purchases of US oil by Belarus is a sovereign affair of Minsk and an issue of economic feasibility, Press Secretary of the Russian president, Dmitry Peskov told reporters on Wednesday. "This is an issue of economic feasibility, " Peskov said, ...

Moscow. The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent with the oil production cuts which the partners extended last month into March 2020 in their efforts to erase the glut and prop up oil prices. The Joint Ministerial Monitoring Committee (JMMC) of the ...

Moscow. PJSC "LUKOIL" (hereinafter – the Company) announces that today it cancelled 35, 000, 000 of its common shares and that following such share cancellation, the total number of issued common shares decreased to 715, 000, 000; and the charter capital of PJSC "LUKOIL" ...

Tokyo. Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U. S. economy. Brent crude LCOc1 was down 30 cents, or 0. 5%, at $60. 19 a barrel by 0202 GMT while U. S. crude CLc1 ...

New Delhi. To save on foreign exchange, India has indicated that it will further renegotiate long-term contracts with countries related to liquefied natural gas (LNG) amid prices of the commodity having halved in the last year. In the past two years, India has successfully renegotiated the ...

Simferopol. Oil transportation via Crimean ports can be among area for cooperation between the Russian region and Iran, Deputy Prime Minister of Crimea Georgy Muradov told TASS. "Mutual interest in cooperation between Iran and Crimea is growing, especially considering the anti-Iranian ...