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News // Oil and gas worldwide

Indian government to fund 40% cost of the $1.9 billion gas pipeline project

India´s Cabinet Committee on Economic Affairs approved viability gap funding for the gas pipeline project of the state-run Gail India Ltd. in the country's eastern part.

22 September 2016 , 12:01Neftegaz.RU7590

Indian GAIL may scrap tender for hiring LNG vessels

State-run gas co and two Japanese bidder fail to reach a consensus on tender conditions.

19 September 2016 , 15:15Sanjeev ChoudharyNeftegaz.RU9760

Iran: No more gas condensate sale

Director of NIOC Mohsen Ghamsari says the stored condensates will reach the end of their sale in the coming months.

14 September 2016 , 10:11Neftegaz.RU8170

India expects higher oil demand growth this year

India's oil demand growth is set to exceed 11% this year as the world's third-largest oil and gas consumer accelerates its economic development.

13 September 2016 , 14:16Neftegaz.RU9020

PGNiG chief expects to win an arbitration case against Gazprom and plans to buy gas deposits in Norway

Poland's PGNiG plans to buy gas deposits in Norway, the company's CEO Piotr Wozniak said on September 8, 2016.

08 September 2016 , 18:48Neftegaz.RU12160

Shell eyes Kazakh gas processing plan

Kazakhstan's energy ministry, state producer KazMunaiGas, energy transporter KazTransGas and Anglo-Dutch major Shell have signed a memorandum of co-operation in the field of gas processing and petrochemicals market research.

07 September 2016 , 18:15Ilham ShabanNeftegaz.RU7730

Venezuela regards as positive the initiative by Russia and Saudi Arabia to stabilize the global oil market

Venezuela´s Minister of Petroleum Eulogio Del Pino expressed the support for the initiative to stabilize the oil market announced by the Minister of Energy of Russia and the Minister of Energy of Saudi Arabia.

07 September 2016 , 14:05Neftegaz.RU7690

Azerbaijan’s SOCAR launches new gas distribution network in Georgia

President of Azerbaijan’s oil company SOCAR Rovnag Abdullayev took part in the opening of a gas distribution network in Girikhli village of Marneuli region in Georgia.

06 September 2016 , 10:12Neftegaz.RU9060

BP and CNPC sign 2nd shale gas production sharing contract

Oil major BP Plc reported that it had signed a 2nd shale gas production sharing contract with China National Petroleum Corp (CNPC).

01 September 2016 , 14:09Neftegaz.RU8140

Natural gas for the new plant in Turkmenistan

On 304 km of the gas pipeline «East-West» began laying pipes for construction in Ovadandepe the largest in the Asian region plant for the production of gasoline from natural gas.

31 August 2016 , 18:10Neftegaz.RU16740

Record income for Tamar partnership

The Tamar partnership ended the 1st six months of 2016 with new production and financial records.

26 August 2016 , 12:14Ya'acov ZalelNeftegaz.RU7560

China has become the North Sea’s biggest operator, unperturbed by low oil prices

The stake held by Chinese state-run firms in the region has ballooned to the extent that they got £2billion in tax breaks from the UK Government last year.

24 August 2016 , 16:20Mark LammeyNeftegaz.RU7570

Iran readies oil deals with Russia and China

As much as 150,000 barrels per day (bpd) could be swapped under an exchange deal said to be close to readiness between Iran and Russia, benefiting customers in the Persian Gulf and further cementing the Islamic republic's comeback on the international stage.

24 August 2016 , 12:10Neftegaz.RU9120

China to become world's 2nd largest shale gas producer by 2040

China is expected to produce over 20 billion cubic feet of shale gas per day (Bcf/d) by 2040, becoming the world's second largest producer after the United States.

18 August 2016 , 14:15Neftegaz.RU9790

Gazprom and Iran´s NIGC discussing gas project

Russian energy giant Gazprom is holding talks with the National Iranian Gas Company (NIGC) over an agreement to develop a gas field in Iran.

16 August 2016 , 14:16Neftegaz.RU7640

Poland opts iranian oil over Russia Urals

Polands Grupa Lotos bought 2 mln barrels of crude from Iran in a one-off purchase in late June, a first post-sanction cargo of Iranian oil for Poland as the major OPEC producer continues to claw back market share around the world.

15 August 2016 , 18:12Neftegaz.RU16850

After a 4-year break Israel reopens offshore areas to new gas exploration

The Petroleum Council  Israel´s Ministry of National Infrastructures, Energy and Water Resources approved the reopening of economic waters to new oil and gas exploration.

12 August 2016 , 12:07Neftegaz.RU8030

Eulogio Del Pino: Venezuela and China consolidates a perfect integration

President of Petroleos de Venezuela (PDVSA), Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee the growth and expansion of hydrocarbon business at Orinoco Oil Belt.

11 August 2016 , 16:18Neftegaz.RU11740

Bulgaria´s Prime Minister Borisov hopes for quick solutions for the South Stream project

Bulgaria’s Prime Minister Boyko Borisov and Vladimir Putin discussed via phone the creation of working groups to review joint energy projects.

08 August 2016 , 14:12Neftegaz.RU8680

Russia’s energy giant Zarubezhneft to help Iran to increase oilfields recovery rate

NIOC and Zarubezhneft are in negotiations over boosting extraction from two Iranian oilfields, said  NIOC´s Deputy Head G. Manouchehri.

05 August 2016 , 12:11Neftegaz.RU14270