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News // Energy

Belarus-Russia oil and gas agreements honored in full

Belarus-Russia oil and gas agreements honored in full
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The oil and gas agreements reached between Lukashenko and Putin are fully honored.

27 April 2017 , 18:00Neftegaz.RU8940

U.S. shale production to see 124,000 BPD increase in May

U.S. shale production is slated to increase by 124,000 barrels per day in May.

18 April 2017 , 14:16Neftegaz.RU5760

Saudi Arabia Vs. Russia: the next oil price war

International oil markets could be heading towards a new war, as leading producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the support of Saudi Arabia and Russia has brought some stabilization to the crude markets for almost half a year. The expected crude oil price crisis has been averted, it seems, leaving enough room when looking at the fundamentals to a bull market in the coming months. As long as Saudi Arabia, Russia and some other major producers, are supporting a production cut extension, financials will be seeing some light at the end of the tunnel.

10 April 2017 , 00:03Cyril WiddershovenNeftegaz.RU11490

Turkmenistan’s gas gloom

Turkmenistan President Gurbanguly Berdymukhammedov and his government just cannot seem to get a break lately. Not that they necessarily deserve it. But all the same, Turkmenistan's last realistic hope to export a significant amount of additional natural gas to a customer has just evaporated.

13 March 2017 , 00:02Bruce PannierNeftegaz.RU12640

TAPI work in Pakistan to start March 3

The process of initiating front-end engineering, route survey and the process to finalise the right of way in Pakistan for the TAPI gasline will formally kick off March 3.

03 March 2017 , 16:07Neftegaz.RU8990

1st shale oil deposit found in Iran

The 1st shale oil reserve containing over 2 billion barrels of light crude has been discovered in Iran.

20 February 2017 , 10:35Neftegaz.RU9140

Gazprom Neft developing oil-production technologies for gas cap drive reservoirs

As part of its ongoing Technology Strategy, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap.

16 February 2017 , 14:09Neftegaz.RU9370

China boosts russian oil imports as Brent/Dubai spread shrinks

China’s independent refiners, the so-called teapots, are importing Russia’s Urals grade with the drop in the Brent/Middle East spreads.

15 February 2017 , 18:00Tsvetana ParaskovaNeftegaz.RU11240

Maros Sefcovic: EU should be less worried about Gazprom

The European Commission published February 1 its 2nd State of the Energy Union Report, which reviews progress made since the publication of the first such report in November 2015.

02 February 2017 , 12:10Neftegaz.RU10530

India to become the fastest oil consumer by 2035

India, Asia's second-biggest energy consumer since 2008, had in 2015 overtaken Japan as the world's 3rd-largest oil consuming country behind US and China.

27 January 2017 , 14:10Neftegaz.RU11100

Baltic states agree on capacity idea

The Baltic states' gas transmission system operators have concurred on a so-called implicit capacity allocation model, which when implemented, will lead to the integration of the gas markets in Lithuania, Latvia and Estonia.

26 January 2017 , 18:00Linas JegeleviciusNeftegaz.RU9430

BP forecasts slowdown in oil demand growth over next 2 decades

World oil demand growth will slow gradually over the next 2 decades, British energy giant BP forecast Wednesday in its annual outlook for the industry.

26 January 2017 , 16:07Neftegaz.RU10770

To Russia with energetic love

A mega overseas project for LNG that will likely burnish China's global profile, contribute toward the country's energy security, enhance its geopolitical strategy and bolster efforts for economic rejuvenation, is scheduled to start production in the Russian Arctic.

24 January 2017 , 17:29Neftegaz.RU15980

South Koreas Iranian oil imports up 8 times!

South Korea’s imports of oil from Iran last December soared about 8 times greater than a year ago.

17 January 2017 , 14:07Neftegaz.RU12700

Gazpromneft-Aero is the 1st Russian company to automate recordings of aviation fuel supplies

Gazpromneft-Aero is the 1st Russian aviation fuel operator to switch to automated recording of aviation fuel supplies when refueling commercial aircrafts.

17 January 2017 , 10:06Neftegaz.RU8620

EIA: US crude output poised to rise in 2017

The U.S. Energy Information Administration (EIA) said it expects higher crude oil prices this year, according to its Short-Term Energy Outlook report for January.

12 January 2017 , 10:07Neftegaz.RU9750

Egypt signs 3 oil and gas exploration deals worth $220 mln

Minister of Petroleum Tarek El-Molla signed 3 petroleum and natural gas exploration agreements with a number of European companies.

29 December 2016 , 14:04Neftegaz.RU10350

Gas prices in Bulgaria to go up 5% as of January 2017

Bulgaria's energy watchdog KEVR has adopted a modest increase in gas prices as of January 01, 2017.

21 December 2016 , 12:10Neftegaz.RU10410

IEA sees gas demand growing 50% by 2040

Worldwide demand for natural gas will grow faster than for all other fossil fuels between now and 2040.

17 November 2016 , 14:07Mark SmedleyNeftegaz.RU9250

West Texas oil discovery called largest ever

Oil explorers in the U.S. state of Texas say they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin.

17 November 2016 , 10:04Neftegaz.RU10630