All news: page 11

Moscow. Rosneft Oil Company and Equinor ASA, the shareholders of SevKomNeftegaz LLC, approved the decision to commence the first stage of full-field development of North-Komsomolskoye field. SevKomNeftefaz company that develops the field was set up pursuant to the shareholder and operating ...

Moscow. The current information on contracts with Ukrainian companies on direct gas supplies is not true, the topic will be discussed after the New Year, Deputy Prime Minister Dmitry Kozak reported to Prime Minister Dmitry Medvedev. "Today, they are making a storm in tea-cup in ...

Baku. A solemn opening ceremony of a new multifunctional complex of SOCAR Georgia Petroleum LLC was held along the Tbilisi-Sebaki-Leselidze highway near Georgia’s Terkola town on Dec. 23, Trend reports referring to the Azerbaijani State Oil Company SOCAR. "SOCAR President Rovnag ...

Tokyo. Oil prices edged higher on Tuesday in thin pre-Christmas trading after Russia’s energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U. S. crude inventories. Brent crude LCOc1 was up 5 cents at $66. ...

Jerusalem. Late last year, Israeli Minister of Energy Yuval Steinitz pledged to begin gas supplies to Egypt and Jordan in 2019, in line with “the signed agreement”. Israeli natural gas exports to Egypt are due to start in mid-January and will gradually reach 7 billion cubic ...

Rome. Italian Eni company has re-entered Albania’s energy sector for the first time after 1999, to drill an exploration well at Dumre Block, which is expected to have good oil prospectivity, Trend reports citing Eni. Eni and Albanian Ministry of Infrastructure and Energy have inked a ...

Moscow. Verkhnechonskneftegaz, an enterprise of the upstream complex of Rosneft Oil Company, has implemented an associated petroleum gas (APG) efficient utilisation project. For the first time in East Siberia, the technology for injecting APG in a temporal underground gas storage facility has ...

Moscow. The European side sees its commercial advantages from the construction of the Nord Stream-2 gas pipeline, Russian Foreign Minister Sergey Lavrov said on Sunday. "It [Nord Stream-2] is being threatened [by the United States]. I said it will be built in any event, despite all ...

Tokyo. Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal to end a tariff war, with President Donald Trump saying an agreement would be signed “very shortly”. Brent crude LCOc1 was down 4 ...

Moscow. Verkhnechonskneftegaz, an enterprise of the upstream complex of Rosneft Oil Company, has launched the construction of a 93 km oil pipeline designed to connect the first field of the Danilovsky cluster, the North-Danilovskoye field, with the Verkhnechonskoye field. The produced crude ...

Berlin. Russia, Ukraine and the European Union have prepared a draft agreement on gas after talks in Berlin, Russian Energy Minister Alexander Novak told a press conference on Thursday. "We have prepared a draft protocol — a detailed protocol — which is at the high stage of ...

Moscow. The world’s first floating nuclear power plant (FNPP), the Akademik Lomonosov, began supplying electricity on Thursday to a remote town in the far eastern region of Chukotka, Russia’s nuclear agency Rosatom has announced. The power plant’s generators were launched ...

Baku. Russia’s Transneft company has paid damages for spoiled oil to 14 Kazakh oil companies, Trend reports with reference to Kazakhstan’s KazTransOil JSC. On Nov. 7, 2019 Transneft and KazTransOil have signed agreements in favor of 14 Kazakh oil companies. On Nov. 27, ...

Seoul. Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U. S. trade tensions that have weighed on demand as well as the global economic growth outlook. Brent futures LCOc1 were up 5 cents, or 0. 08%, to 66. ...

Berlin. The project is nearing its completion, as Nord Stream 2 AG - the operator of the gas pipeline - previously announced it would be ready in a few months. The German Committee on Eastern European Economic Relations asked Brussels on Wednesday to provide instruments that would shield the ...

Moscow. Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil, said in a new forecast. In the report ‘Major Trends in the ...

Baku. A ceremony was held in Torghundi city of the Afghanistan's Herat province to mark the transfer of high capacity electrical equipment from Turkmenistan for the needs of the Afghan economy, Trend reports referring to Turkmen Altyn Asyr TV. In particular, a transformer with a ...

Moscow. Japanese Foreign Minister Toshimitsu Motegi considers it necessary for Tokyo and Moscow to expand cooperation on the energy project Arctic LNG 2. "Trade turnover between Japan and Russia has slightly decreased this year, though personally I consider the possibility of developing ...