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News // Oil and gas worldwide

ONGC submits new $3 bln plan for Farzad gas field in Iran

ONGC has submitted a revised plan to explore and develop the giant Farzad B gas block in Iran, which includes the commitment to contribute more than $3 billion.

05 April 2017 , 12:10Neftegaz.RU9660

Iranian crude oil exports close to record 3 million bpd

Total exports of crude oil and condensate averaged 2.8 million bpd in the months up to the new Iranian year (started on March 21).

04 April 2017 , 12:11Neftegaz.RU61670

Ineos acquires Forties Pipeline from BP in $250 mln deal

Ineos confirmed it has acquired the Forties Pipeline System (FPS) from BP in a $250 mln deal, which includes 300 jobs.

03 April 2017 , 17:32Neftegaz.RU17470

Record sales and profits in Israel´s Tamar in 2016

Tamar gas field partnership both sold a record amount of gas and made a record profit in 2016.

31 March 2017 , 18:00Neftegaz.RU7630

Wasco begins concrete weight coating of Nord Stream 2 pipes

Wasco Coating has started work on the concrete weight coating of the Nord Stream 2 pipes.

28 March 2017 , 10:12Neftegaz.RU11890

Saudi retains top oil supplier to China despite yr/yr drop

Saudi Arabia maintained its spot as China's top oil supplier in February.

23 March 2017 , 14:10Neftegaz.RU6870

Ellon based NECE wins 1st contract of year in Kazakhstan

Ellon-based integrity monitoring specialist North East Corrosion Engineer (NECE) has won its 1st contract of the year in Kazakhstan.

22 March 2017 , 12:10Neftegaz.RU7660

Sinopec nearing deal to buy Chevron’s $1 billion South African assets

Sinopec is the last bidder left in the race to buy a majority interest in Chevron’s South African assets worth $1 billion.

20 March 2017 , 15:28Tsvetana ParaskovaNeftegaz.RU9650

Turkmenistan to discuss questions of participation of Qatar in the TAPI project

Turkmenistan shows interest in discussion of the questions connected with participation of financial and investment structures of Qatar in TAPI gas pipeline.

17 March 2017 , 18:19Neftegaz.RU9780

IEA: Oil production rising, demand slowing in 2017

The growing consensus that the OPEC oil cutback initiative isn't working has been met by OPEC members insisting that their efforts combined with rising demand will result in a market rebalance.

17 March 2017 , 14:35Neftegaz.RU9590

India’s oil imports from Iran trebled in February

The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about 3 times.

17 March 2017 , 12:14Neftegaz.RU7600

Could Rosneft take control of Citgo?

Rosneft could take control of 49.9 % of Citgo – the troubled U.S. business of Venezuela’s state-owned oil company.

16 March 2017 , 14:15Irina SlavNeftegaz.RU10210

Experts of the Caspian countries discussed sustainable development and management on the Caspian Sea

The international seminar Caspian Sea – sustainable development and management is held with assistance if the Ministry of Foreign Affairs of Turkmenistan.

10 March 2017 , 14:43Neftegaz.RU6810

Naftogaz to buy 1.1 bln m³ for Ukraine in March

Naftogaz has issued letters of credit under the loan agreement with Citi and Deutsche Bank secured by the World Bank.

03 March 2017 , 12:16Neftegaz.RU7770

Wood Group begins detailed engineering of Leviathan

Wood Group completed the 7 month front end engineering design for Noble Energy’s Leviathan Field Development Project and has started the detailed engineering for the platform.

02 March 2017 , 14:09Neftegaz.RU9540

Azerbaijan eyes more Balkan gas clients

Natig Aliyev says Bulgaria will be able to import gas from the Shah Deniz field through the Interconnector Greece-Bulgaria, which will link to the Southern Gas Corridor, in 2020.

23 February 2017 , 16:11Neftegaz.RU7870

Saudis lose South Korea oil market share to Iran as Iraq accelerates its own export plans

How much patience Saudi Arabia will have for other OPEC members not pulling their weight under the cartel's oil cutback agreement has taken on with news that the kingdom is losing a share of South Korea's oil market to Iran.

20 February 2017 , 15:23Neftegaz.RU12270

Eni complete the sale to BP of a 10% stake of Shorouk, offshore Egypt

Eni, BP, and the Egyptian Minister of Petroleum signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore Egypt.

14 February 2017 , 12:15Neftegaz.RU10920

ONGC's $2.4 bln Mozambique deal under Oil Ministry scanner

ONGC's $2.4 bln purchase of Videocon Group's 10 % stake in a giant Mozambique gas field has come under the Oil Ministry's scanner following allegations that the PSU may have overpaid about $200 million.

13 February 2017 , 15:24Neftegaz.RU9980

Kazakhstan´s gas exports rise for 3rd year

Kazakh commodity sector is trying to develop its gas production as oil output falls, according to local analysts Finprom.kz.

13 February 2017 , 13:00Neftegaz.RU23990