All news: page 11

Moscow. Construction of ice-resistant platform for Gazprom’s field on Arctic shelf begins in Astrakhan. Platform to be operated in extreme climate conditions. Several Russian shipbuilding centers engaged in construction process. Cutting-edge solutions for ...

Moscow. Companies involved in production and storage of petroleum products will be obliged to hold exercises and set up funds for financing spill response measures, Russian Prime Minister Mikhail Mishustin said at a government meeting on Thursday focusing on a respective bill. "The bill ...

Melbourne. Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some U. S. states and indications of a revival in U. S. crude production. U. S. West Texas Intermediate (WTI) crude ...

Moscow. LUKOIL Press Service announces new appointments in the Company. Due to the election of Ravil Maganov as Chairman of PJSC LUKOIL Board of Directors Vadim Vorbyev, formerly First Vice President, was appointed First Executive Vice President of the Company. Azat Shamsuarov, Senior ...

New Delhi. The world’s biggest lockdown may have eased in India, but the country’s oil refineries are finding it tough going to pull off a complete recovery as fuel demand remains below pre-virus levels and stockpiles swell. Operations across 23 refineries nationwide were at 77% ...

Nur-Sultan. In Kazakhstan within January – May 2020 natural gas production has reached 24. 8 billion cubic meters which is by 7. 2% more than in the same period the previous year, Kazinform reports with the reference to energyprom. kz. , bringing total to 136/ The share of natural ...

Moscow. PJSC "LUKOIL" held its Annual General Shareholders Meeting in Moscow in the form of absentee voting where the 2019 Annual Report of the Company and the 2019 financial statements were approved, as well as decision on distribution of profit for 2019 was made. The shareholders ...

Baku. Azerbaijani oil is expected to be delivered to Ukrainian port of Odessa before the end of the month, Spokesperson of the Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern) Alexander Tishchenko told Trend. “Around 85, 000 tons of oil are planned to be sent to ...

Melbourne. Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U. S. crude inventories and worries that a rapid resurgence in COVID-19 cases could choke a revival in fuel demand. U. S. West Texas Intermediate (WTI) crude ...

Kuala Lumpur. Malaysian national oil company Petronas is in talks to finalise a deal with an energy rich province to settle a dispute over the payment of sales tax, a lawyer for the company said on Tuesday. Petronas had been fighting Sarawak state’s demand for the sales tax in court ...

London. Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage caused by oil spills 3, 000 miles away in Africa. Lawyers for residents of the crude-rich Niger Delta believe a landmark U. K. Supreme Court ruling ...

Baku. The development of the alternative energy sources in Azerbaijan will not depend on changes in the volume of the country’s oil production, Head of the Environmental Policy Department of the Ministry of Ecology and Natural Resources Rasim Sattarzade told Trend. "In turn, the ...

The Hague. The Supreme Court of the Netherlands accepted Russia’s complaint against the decision of the Hague Court of Appeal in the Yukos oil company case, official spokesperson of the Court Thea Tjeerdema told TASS on Monday. "It is correct that the appeal in cassation has ...

Singapore. Oil prices steadied on Tuesday, after a volatile session sparked by confusion over the fate of the U. S. -China trade deal. Markets were spooked by surprise comments from White House trade adviser Peter Navarro saying the hard-won deal was “over”, though assurances ...

Moscow. LUKOIL started drilling of an exploration well at the Shirotno-Rakushechnaya prospect structure, located to the north of the V. I. Grayfer field. As the sea at the point of well is 4. 5 meters deep, the well with the target depth of 1 650 meters is drilled from jack-up floating rig ...

Moscow. Russia hopes that the Nord Stream 2 gas pipeline will be finalized and it will help step up energy security in Europe in the future, Kremlin Spokesman Dmitry Peskov said in a televised interview on Russia’s Channel One on Saturday. "Unconditionally, we are hoping that ...

Ashgabat. Turkmenistan’s production is forecast to stand at 0. 25 million barrels of petroleum and other liquids per day in 2020, Trend reports with reference to the US Energy Information Administration’s (EIA) in June Short-term Energy Outlook (STEO). The country’s output ...

Krasnoyarsk. The Norilsk Nickel Company (Nornickel) will restore the fish population and will open a fish farm in northern Krasnoyarsk Region following the fuel spill at Norilsk’s thermal power plant in May, the company wrote on its Telegram channel. "Nornickel will support ...