All news: page 51

Moscow. OPEC’s secretary general said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market, Trend with reference to Reuters reports. Mohammad Barkindo also said it was premature ...

Moscow. LUKOIL received the Eventiada IPRA Golden World Award 2019, the most recognized communications award in Eastern Europe and Central Asia, in Moscow, Russia, today. LUKOIL's unique multimedia educational and exhibition space, installed in the pavilion Oil at VDNKH, one of ...

Moscow. The freight traffic along the Northern Sea Route (NSR) may be 157 million tonnes after 2034, Russia’s Minister of Natural Resources Dmitry Kobylkin wrote in the Energy Policy magazine. "Under the [Arctic development state] program, private investments will make almost 11 ...

Singapore. Oil prices rose on Thursday after industry data showed a surprise drop in U. S. crude inventories while comments from an OPEC official about lower-than-expected U. S. shale production growth in 2020 also provided some support for oil. However, prices were capped by mixed signs ...

Baku. LUKOIL–Azerbaijan closed joint stock company (CJSC) will stop to sell fuel to customers at filling stations through disposable magnetic cards from Nov. 21, Trend reports referring to the Russian media outlets. In this regard, customers of the LUKOIL–Azerbaijan company are ...

Moscow. Earlier in November, Saudi Arabia’s Capital Market Authority (CMA) approved the initial public offering (IPO) of the kingdom’s state oil giant Aramco, in a move that the CMA said would be valid for at least six months. Oil production in Russia remains expensive compared ...

Beijing. The eastern route of the Power of Siberia gas pipeline is a strategic project for cooperation between China and Russia in the field of energy, official representative of the Foreign Ministry of China Geng Shuang said on Tuesday, commenting on the announcement that Russian President ...

Rome. Italy’s Eni has announced the industrial deployment of ECHELON, an advanced dynamic reservoir simulator, for optimization of field monitoring, development and production, Trend reports citing the company. ECHELON software allows to run thousands of parallel reservoir ...

Singapore. Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand. U. S. President Donald Trump said on Wednesday that the two countries were close to finalizing a trade deal, ...

Moscow. For the nine months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project amounted to 2, 337 thousand boe per day, which is 1. 6% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil ...

Teheran. Iranian President Hassan Rouhani announced that a new oil field containing some 53 billion barrels of crude oil had been discovered in Iran’s oil-rich province of Khuzestan, with the find comprising a substantial addition to the nation’s estimated total reserves of 158 ...

Abu Dhabi. Russian oil major Lukoil is not considering buying shares in Saudi Aramco as part of the Saudi company’s IPO, head of the Russian company, Vagit Alekperov, told reporters on the sidelines of the ADIPEC oil and gas conference in Abu Dhabi. "We are not considering it ...

Moscow. Works on the second stage of Iran’s Bushehr nuclear power plant (NPP) officially kicked off in the country as concrete was poured for a new reactor base on Sunday. "Nuclear power provides reliable electricity. . . and each power plant saves us 11 million barrels of oil or ...

Baku. Norway’s Equinor has on 8 November 2019 purchased 1, 024 own shares at Oslo Stock Exchange at an average price of 178. 7199 Norwegian kroner per share, Trend reports via GlobeNewswire. These share purchases form part of the first tranche of the company's share buy-back ...

Tokyo. U. S. oil prices fell for a second day on Tuesday, weighed down by uncertainty over whether U. S. -China trade talks are making much progress, while higher Saudi Arabian crude output reinforced concerns about oversupply. U. S. West Texas Intermediate (WTI) crude was down 18 cents, ...

Bratislava. Slovakia might be interested in transiting gas coming via Southern Gas Corridor in the future, Slovakia’s Minister for Foreign and European Affairs Miroslav Lajcak said in an interview with Trend. "Slovakia as a traditional gas transit country might be, in the future, ...

Moscow. A new oilfield with over 50 billion barrels of crude oil has been discovered in the south of Iran. The site could become the country’s second largest oilfield and significantly increase Iran’s proven deposits. “I inform the White House that, in the days that you ...

Moscow. An earlier statement by Saudi Arabia's state-owned oil company, Saudi Aramco, reported profits for the first nine months of this year at $68 billion out of $244 billion in revenue for the same period. According to what is described as the most profitable company in the world, ...