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News // Oil and gas worldwide

The Head of Petronas has declared determination for expansion of partnership with Turkmenistan

Determination for expansion of partnership with Turkmenistan was declared by the head of the Petronas Datuk Van Zulkifli Van Ariffin at a meeting with the President Gurbanguly Berdimuhamedov.

09 November 2016 , 14:09Neftegaz.RU11580

BP´s Bob Dudley expects oil to «easily» reach $55 in 2017

Bob Dudley, CEO of BP, told Bloomberg that he expects oil to «easily» reach $55 next year because the market «is generally in balance» – remarks that closely follow sentiments he expressed at the World Energy Conference in Istanbul last month.

09 November 2016 , 10:06Neftegaz.RU7730

Armenia cuts gas price again

Armenia has announced that it plans to reduce the gas price for domestic consumers for the second time this year.

07 November 2016 , 15:07Neftegaz.RU8140

PDVSA signs new financing agreements to boost production at the Belt

On November 4, 2016, Nicolás Maduro, signed financing agreements for $1.4 billion to increase production at the joint ventures Petrolera Indovenezolana and Petrodelta.

07 November 2016 , 13:00Neftegaz.RU10140

Iran gas to be destined to Georgia

Directors of the National Iranian Gas Exports Company and the Georgian GIEC company willing to purchase Iranian gas have discussed enforcement of a contract for export of Iranian gas to Georgia.

07 November 2016 , 10:04Neftegaz.RU13900

Asias Iranian oil purchases up to 92%

Iran has a whopping jump in its oil exports to Asia and its supplies to the world’s largest consumption zone are now much closer to pre-sanctions levels.

31 October 2016 , 17:12Neftegaz.RU10570

Kazakhstan output down 0.8% in Q3

Kazakhstan’s 2016 gas output fell.79% to 33.5bn m³ through the end of September government data shows.

26 October 2016 , 17:41Neftegaz.RU8530

Pakistan in talks with Russia, Malaysia among others to import LNG

Pakistan is in talks with a number of countries to buy LNG, the country’s oil minister Shahid Khaqan Abbasi said October 24, 2016.

25 October 2016 , 18:00Shardul SharmaNeftegaz.RU10350

Venezuela has $11 billion missing from the state oil giant PDVSA

A report released on Wednesday says at Venezuela’s congress at the national oil company PDVSA that from 2004 to 2014 about $ 11 billion disappeared.

20 October 2016 , 18:00Neftegaz.RU10070

India: Rosneft and BP entry may fuel retail competition

India's fuel retailing sector is poised for unprecedented competition with Russia's Rosneft and Britain's BP set to operate petrol pumps with global best practices, which can shake up the state dominated sector and give consumers international quality service.

20 October 2016 , 13:12Sanjeev ChoudharyNeftegaz.RU9220

Iran to start bidding for oil and gas projects on Monday

Iran will begin taking applications on Monday for an unspecified number of energy projects.

17 October 2016 , 13:00Neftegaz.RU7060

Kazakhstan's Kashagan crude oil ready for exports

The first batch of crude oil from the giant Kashagan oil field off the coast of Kazakhstan has been processed and is destined for exports, an operator said.

17 October 2016 , 10:04Daniel J. GraeberNeftegaz.RU10770

Indian consortium led by Oil India eyes stake in Russia's Vankor cluster oilfields

A consortium led by Oil India Ltd is eyeing up to 49%  stake in Russia's Vankor cluster oilfields to consolidate its presence in the energy-rich Arctic region.

13 October 2016 , 12:13Neftegaz.RU11120

Azerbaijan and Kazakhstan are planning to lay new Eskene-Kuryk-Baku oil pipeline

The Ministry of Energy of Azerbaijan Aliyev announced, that it is planned to lay a Trans-Caspian oil pipe from Kazakhstan to Azerbaijan with capacity of up to 56 million tons a year.

07 October 2016 , 12:08Neftegaz.RU30600

India approves OVL's russian Vankorneft deal

India’s Cabinet Committee on Economic Affairs, chaired by the prime minister Narendra Modi, approved an acquisition by ONGC Videsh (OVL) of 11% stake in Vankorneft.

06 October 2016 , 13:27Neftegaz.RU11440

Socar eyes Bulgaria’s UGS expansion

Azerbaijan´s Socar is interested in participating in the expansion of Bulgaria's underground gas storage (UGS) facility at Chiren, Bulgaria's energy ministry said.

05 October 2016 , 13:12Kama MustafayevaNeftegaz.RU10200

Giant Kashagan oil field under testing

Testing and precomissioning works started at Kashagan oil field in the Kazakh sector of the Caspian sea.

30 September 2016 , 11:04Elena KosolapovaNeftegaz.RU14270

Belgian gas supply competition grows

The Belgian market for natural gas is becoming more competitive every year. That is the main conclusion of a study by the energy market regulator Creg, based on the 2015 numbers.

26 September 2016 , 10:30Koen MortelmansNeftegaz.RU9120

Shah Deniz II is 82% complete

Azerbaijan’s Shah Deniz stage 2 is 82%-completed, said the BP-led project’s vice president Ewan Drummond.

22 September 2016 , 18:00Neftegaz.RU12140

PDVSA launches «one of the world's largest» drilling projects in the Hugo Chavez Orinoco Oil Belt

PDVSA will drill 480 wells in the Hugo Chavez Orinoco Oil Belt. This project, to be launched in the coming days, is unique given the oil market’s current economic situation.

22 September 2016 , 14:03Neftegaz.RU15240