All news: page 51

Houston. Technological sanctions placed on Russia's oil and gas sector have negatively affected Lukoil's operations and the sphere as a whole, but it is possible to adapt to restrictions, Lukoil's President Vagit Alekperov told CERAWeek energy conference in Houston. Alekperov ...

Baku. Spanish Enagás' total investment in the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is expected to reach 232 million euros, in line with the capital structure envisaged in the project, Trend reports citing the company. ...

Houston. Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that are expected to balance the country’s production and demand, the energy secretary said. Pipeline construction contracts ...

Tyumen. Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as ...

New York. Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Brent crude futures were up 84 cents, or 1. 28 percent, to settle at $66. 58 a barrel. U. S. West Texas ...

Baku. Since their Joint Statement of 25 July 2018 in Washington D. C. , when President Juncker and President Trump agreed to strengthen EU-US strategic cooperation including in the area of energy, EU imports of liquefied natural gas (LNG) from the US have increased by 181 percent, Trend reports ...

Moscow. An event celebrating the launch of construction of a combined cycle thermal power plant (TPP) took place today in Pancevo, Republic of Serbia. Taking part in the event were Aleksandar Antic, Minister of Mining and Energy of the Republic of Serbia, Denis Fyodorov, Director General ...

Tehran. India has said that it plans to maintain Iran oil import at the current level and is negotiating with the US to secure an extended exemption from US sanctions targeting Iran’s energy sector. An exclusive Reuters report quoted two Indian sources with knowledge of the matter as ...

Baku. SOCAR Trading, a trading house of Azerbaijan’s state oil company SOCAR, plans to consider the possibilities of extending the contract with the Nigerian National Petroleum Corporation (NNPC) for the export of crude oil, SOCAR told Trend. "The contract with NNPC expires in ...

Singapore. Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U. S. drilling activity. U. S. West Texas Intermediate (WTI) crude oil futures were at $56. 39 per ...

Oslo. Norway's $1 trillion sovereign wealth fund is expected to sell some of its oil and gas holdings. The world's largest sovereign wealth fund owns $37bn of shares in oil companies such as BP, Shell and France's Total. Selling the shares means it would not be as reliant on ...

Baku. Global upstream spend will recover to over $500 billion by 2020, informs Wood Mackenzie research and consulting company. "Global upstream spend is up from lows of $450 billion in 2016 and 2017, having collapsed from the 2014 peak of $750 billion. But not by much. We think spend ...

Moskow. The Board of Directors of LUKOIL (hereinafter the Company) approved today the lists of candidates for the election to the Board of Directors and the Audit Commission at the 2019 Annual General Shareholders Meeting. The lists of candidates were formed pursuant to the applicable legislation ...

Washington. The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks”, an Interior Department official said on Wednesday, after months of opposition from coastal state lawmakers opposed to ...

New-Deli. The largest democratic exercise on Earth is set to give the oil market a shot in the arm. About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 million Americans who registered to vote in the 2016 U. S. presidential ...

Baku. Austria expects to receive gas via the Southern Gas Corridor, Austrian Federal Ministry for Sustainability and Tourism. "We acknowledge the efforts of Azerbaijan to deliver secure, competitive and affordable energy to consumers in Europe. When the Southern Gas Corridor will be ...

Moskow. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in Moscow. The parties reviewed current issues related to their cooperation, including the growth in gas exports to Austria. ...

Singapore. Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U. S. sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record U. S. crude output and rising commercial fuel inventories. U. S. West Texas Intermediate (WTI) crude ...