Oil and gas: page 8

Moscow. A year ago, on one of St. Petersburg’s famous “white nights” of summer, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market. This week, when Energy Ministers Alexander Novak and Khalid Al-Falih meet again in the northerly city ...

Moscow. Russia and Slovakia have agreed on supplies of Russian nuclear fuel to Slovak nuclear power plants in 2022-2030. TVEL Corporation (part of Russian nuclear corporation Rosatom) and Slovak Power Plants (Slovenske Elektrarne) signed a relevant additional document to the bilateral ...

Baku. The revenues of Azerbaijani state oil company SOCAR from the sale of oil reached 58. 5 billion manats in 2018 compared to 56. 59 billion manats in 2017, Trend reports referring to the company's consolidated financial report for 2018. According to the report, 40. 1 billion manats ...

Moscow. Moscow and Bratislava should find mutually beneficial solutions for Slovakia’s joining pipeline projects of Nord Stream 2 and TurkStream. This was stated by Russian Prime Minister Dmitry Medvedev at a press conference following talks with his Slovak counterpart Peter Pellegrini on ...

Singapore. Oil prices steadied on Thursday after falling to near 5-month lows in the previous session, but sentiment remained weak as markets are under pressure from rising U. S. supply and a stalling economy. Front-month Brent crude futures were at $60. 78 at 0246 GMT. That was 15 cents, ...

St. Petersburg. Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the ...

Washington. America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging West Texas production to the coast for export. The U. S. petroleum industry is planning to build about 4. 8 million barrels of storage capacity and as many as ...

Moscow. Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to ...

Baku. Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the ...

Tokyo. Oil prices resumed their slide on Wednesday, dragged down by a surpise gain in U. S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies. Brent futures were down 27 cents, or 0. 4%, at $61. 70 a ...

Moscow. Igor Sechin, chief executive director of Russian oil company Rosneft, participated in the official foundation stone ceremony for a new fuel supply complex at the Pulkovo International Airport (Saint Petersburg). This project is going to be implemented by the subsidiaries of Rosneft and ...

Nizhnekamsk. OOO Nizhnekamsk CHP (part of the TATNEFT Group since 2010) has been included in the federal program for the modernization of power generation facilities using the DPM-bar arrangement within a project to install a gas turbine. The project envisages the construction of a 155 ...

The shipment of clean oil to Hungary and Slovakia via the Druzhba main oil pipeline is working as usual, and deliveries of clean oil to Poland may start as early as June 8-9, Transneft spokesman Igor Demin told reporters on Monday. "Oil at the delivery point (PSP) Budkovice (Slovakia) ...

Singapore. Oil prices fell on Tuesday amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Front-month Brent crude futures, the international benchmark for oil prices, were at $60. 88 at 0038 GMT. That ...

Moscow. The RF Government Commission on Power Industry Development resolved to include the projects of modernization of power generation facilities of LUKOIL's wholly owned subsidiary, LUKOIL-Kubanenergo, in the list of additional facilities slated for the upgrade. Thus, the commission ...

Moscow. Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million tons of crude ...

Washington. US Senators have suggested that the United States should be able to impose at least five types of sanctions on individuals or entities that insure or underwrite pipelaying ships engaged in the construction of Russian pipelines for energy exports below sea level, the senators' bill ...

Baku. Oil prices this year are expected to reach $65, Director of Fitch Ratings Sovereign Group in Europe Marina Stefani told Trend. She said that next year oil prices will be at $62. 5. The expert also noted that gas production in Azerbaijan will grow due to the production from the second ...