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News // Oil and gas worldwide

Egypt to liberalise downstream gas

Egypt is taking the first steps to liberalise and deregulate its gas market through gradual privatisation in the hope of making the country a regional energy hub.

23 December 2016 , 10:11Neftegaz.RU8050

Petronas signed MoU for studying 2 Iranian oilfields

Petronas signed a memorandum of understanding with NIOC to collaborate in a field study in South Azadegan and Cheshmeh Khosh oilfields.

22 December 2016 , 15:00Neftegaz.RU13810

Chinese Wison wins Kazakhstan´s LNG project EPC contract

Chinese Wison Engineering Services has been awarded an engineering, procurement and construction contract to build an LNG project in Kazakhstan.

21 December 2016 , 14:18Neftegaz.RU16040

Gas extraction from Phase 21 of iranian South Pars field begins

The operator of the project for development of phases 20 and 21 of South Pars gas field Ali-Reza Ebadi says the project to extract gas from phase 21 of South Pars with 28 million cubic meters/day has started.

15 December 2016 , 18:26Neftegaz.RU9240

Petrofac wins $75 mln Iraq deal

Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).

14 December 2016 , 14:16Neftegaz.RU9630

Tethys resumes Kazakh gas sales

Tethys Petroleum resumed gas sales to Kazakh transportation company Intergas Central Asia (ICA), the Cayman Islands company said December 12.

14 December 2016 , 12:05Neftegaz.RU7290

Sinopec sells 50% stake in gas pipeline for $3.3 bln

Chinese Sinopec said that China Life Insurance and a unit of State Development & Investment Corp. will pick up 50% stake in the Sichuan to East China gas pipeline for $3.3 bln.

13 December 2016 , 14:21Neftegaz.RU8300

Engie retooled its contract with Norwegian, but reminds of similar move with Russia

French energy company Engie said it renegotiated its long-term supply contract with one of the leading natural gas suppliers to the European market.

02 December 2016 , 18:00Daniel J. GraeberNeftegaz.RU9750

Leviathan partnership inks $2 bln sale contract

Leviathan Partnership has signed another gas sales contract, taking it nearer a final investment decision on the Leviathan gas field.

01 December 2016 , 14:21Neftegaz.RU8740

Delek secures $1.75 bln financing for Leviathan gas field offshore Israel

Israel-based Delek Group and Avner Oil Exploration will receive up to $1.75 bln in financing to fund its share in the development of the Leviathan natural gas field in Mediterranean Sea, Israel.

29 November 2016 , 15:39Neftegaz.RU10340

Iran's NISOC and Schlumberger sign MOU on 3 oilfields studies

Iranian NISOC and Schlumberger signed a memorandum of understanding (MOU) to carry out preliminary studies over 3 oilfields in southwestern Khuzestan province in Iran.

29 November 2016 , 13:01Neftegaz.RU8350

Oil minister Dharmendra Pradhan: Affordable energy fuels India's growth

The world is eyeing India as it is the new engine of global growth, oil minister Dharmendra Pradhan said, while laying out future roadmap for the country’s oil industry in a globalised environment.

25 November 2016 , 15:01Neftegaz.RU8130

Azerbaijan cuts gas losses

Azerbaijan's state statistical committee reports that in Jan-Sep 2016 the amount of gas lost in onshore pipes was 3.3% (525mn m³), down from 4.4% (735mn m³) in 3-Qs of 2015.

24 November 2016 , 12:07Ilham ShabanNeftegaz.RU6950

Chinese companys eye more investments in Latin America

CNPC signs cooperation MOUs with PDVSA and Peru's Ministry of Energy and Mines respectively.

23 November 2016 , 14:04Neftegaz.RU10110

French Total signs pact with Azerbaijan´s Socar over Caspian gas field

Total and Socar have struck an agreement for the first phase of production of the Absheron gas and condensate field in the Caspian Sea.

21 November 2016 , 17:49Neftegaz.RU9520

Iran overtakes Saudi to becomes India's top crude oil supplier

For the first time ever, Iran has surpassed Saudi Arabia to become India's top crude oil supplier.

18 November 2016 , 16:04Neftegaz.RU8740

Frontera wins bid for hydrocarbon exploration in the Republic of Moldova

Frontera Resources Corporation said it has won bidding for exploration and production of hydrocarbons in Moldova.

17 November 2016 , 12:07Neftegaz.RU7440

Ukraine approves unbundling decree

Ukraine’s cabinet approved a resolution to create a state company to run the country’s gas grid. The government is planning to restructure the 100% state-owned Naftogaz Ukrainy, demerging the transport and storage divisions from everything else, following the resolution of July 1, 2016, Naftogaz said November 14.

14 November 2016 , 15:00Neftegaz.RU7350

The role of innovative technologies in gas production in Turkmenistan grows

Now the State Corporation Turkmengeology continues prospecting works with use of innovative technologies on the huge Galkynysh field, and also on close located perspective sites South Garagum, Gazanly, Dzhurdzhi, East Yoloten and Western Yandakla.

11 November 2016 , 12:11Neftegaz.RU14120

Poilsh monopoly boosts Q3 gas sales, profits fall

Polish oil and gas monopoly PGNiG recorded profit of zloty 1.63bn ($413mn) for its Q3 2016 business, down 25% year on year. Its Ebitda was down by a fifth, falling from zloty 5.31bn to zloty 4.27bn, with sales revenue down by 14%.

10 November 2016 , 10:07William PowellNeftegaz.RU7910