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News // Oil and gas worldwide

Shell sees potential LNG supply shortage as global demand surges

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook.

26 February 2018 , 17:40Neftegaz.RU5840

India asks Saudi Arabia for «reasonable» oil pricing

India asked Saudi Arabia for a reasonable oil pricing that balances the interest of producer and consuming nations.

26 February 2018 , 13:00Neftegaz.RU6640

Pakistan, India to attend a groundbreaking ceremony of the Turkmenistan section of the TAPI

Pakistan and India will attend a groundbreaking ceremony of the Turkmenistan section of the 10 billion TAPI gas pipeline project.

22 February 2018 , 16:08Neftegatz.RU6530

French Total to maximize Iranian share in South Pars project

Total created a comprehensive database to maximize the use of capacities in the development of phase 11.

22 February 2018 , 14:06Neftegaz.RU5670

Kazakhstan to pump over 2 million b/d crude oil, gas condensate in 2025

Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025.

21 February 2018 , 16:09Neftegaz.RU6830

French oil major Total talks gas extraction at Azerbaijani Absheron field

Gas extraction on the 1st gas well of Azerbaijan's Absheron gas field in Caspian Sea will be started in early 2020.

21 February 2018 , 10:11Neftegaz.RU7170

Mexico becomes 1st Latin American country to join the IEA

By entering the «most important energy forum in the world,» Mexico is the 1st Latin American, country to join the IEA.

20 February 2018 , 16:07Daniel J. GraeberNeftegaz.Ru5520

15 billion USD agreements signed for the sale of Israeli natural gas to Egypt

Delek Drilling, subsidiary of Delek Group, announced the signing of two agreements for the export of gas to Egypt (GSPA) with the Egyptian Dolphinus company (Dolphinus Holdings Limited) for the supply of a total of around 64 BCM of natural gas from the Tamar and Leviathan reservoirs for a 10-year period, for approximately $15 billion.

20 February 2018 , 12:54Neftegaz.RU6420

BP-Azerbaijan: Shah Deniz-2 project 99% complete

Shah Deniz 2 first gas scope is now 99 % complete, in terms of engineering, procurement, construction and commissioning.

19 February 2018 , 10:26Neftegaz.RU7190

Khalid Al-Falih: Saudi Arabia plans to double natural gas output in 10 years

Saudi Arabia plans to double its natural gas production over the next 10 years.

15 February 2018 , 16:15Zainab CalcuttawalaNeftegaz.RU8290

IEA: The United States could overtake Russia to become the world’s largest oil producer

Crude oil output from America increased by a colossal amount in the 3 months to November.

13 February 2018 , 16:07Neftegaz.RU7320

BP started producing gas from its Atoll Phase 1 project, offshore Egypt

BP announced that Atoll project was delivered 7 months ahead of schedule and 33 % below the initial cost estimate.

12 February 2018 , 17:24Neftegaz.RU7030

Iraq seeks $100 billion investments to revive oil, transport sectors

Iraq is looking to attract $100 billion worth of foreign investment that would help it rebuild its oil refining and petrochemicals sectors.

12 February 2018 , 10:26Neftegaz.RU5410

Giant Johan Sverdrup project 70% complete

Statoil says the Johan Sverdrup Phase 1 development is nearly 70% complete.

08 February 2018 , 10:10Neftegaz.RU4890

Iran to export 3 million barrels of oil to Russia monthly

Iran’s oil minister has spoken of the country’s contract with Russia to export 3 million barrels of crude oil.

06 February 2018 , 10:12Neftegaz.RU5600

Sisi to witness opening of Egyptian Zohr field

Al-Sisi witnessed the opening of the Zohr field.

01 February 2018 , 10:11Neftegaz.RU7030

The results of the energy sector in 2017 were summed up in Turkmenistan

In the Central building of the oil and gas complex of Turkmenistan were discussed the results of work of enterprises of the industry in 2017.

31 January 2018 , 12:06Neftegaz.RU6590

Research forecasts oil and gas capex and R&D spending boosts in 2018, but industry still promises to keep a cap on costs

Industry confidence has increased much faster than the oil price, as two-thirds of senior professionals globally plan to maintain or increase capital spending in 2018. 36% expect to increase investment in R&D and innovation - the highest level recorded in four years. Efficiency remains a priority, however, as half of professionals forecast increased cost control.

25 January 2018 , 17:29Neftegaz.RU5130

Belarus keen on buying more oil from Iran

Bijan Zangeneh says Belarus has expressed willingness to increase its oil purchases from Iran.

25 January 2018 , 12:08Neftegaz.RU5480

Venezuelan output drops to 28-year low in 2017

Venezuelan oil output dropped 13 % in 2017, falling to a 28-year low.

19 January 2018 , 14:11Zainab CalcuttawalaNeftegaz.RU5920