German government calls for construction of new gas pipelines via Turkey
The German government said it wanted a new alternative pipelines network.
Israel launches 2nd offshore bid round
Israel has launched its 2nd bid round to grant exploration licenses.
Kazakhstan’s economy dependence on oil has declined, says Economy Minister
Timur Suleimenov revealed to what extent the dependence of Kazakhstan's economy on oil.
IEA raises long-term oil outlook for Russia
Russia is well placed to maintain oil production levels above 10 million b/d beyond the next decade.
Yanbu South Terminal export capacity
The commissioning of Yanbu South Terminal (YST) marked the addition of 3 million barrels per day to the West Coast export capacity when the first VLCC was loaded on October 12, 2018.
Russian Energy Week to address infrastructure development as a factor for economic growth and improving living standards
One of the main discussion topics during the Russian Energy Week International Forum will be the development of infrastructure as a way to grow the economy and improve people’s living standards.
Study shows construction of Eastring gas pipeline is feasible
The Eastring bi-directional gas pipeline interconnector is expected to increase energy security in the region of south-eastern Europe.
Novatek: Significant reserve growth confirmed at the Utrenneye field
Novatek announced that upon drilling and testing of well №294 at the Utrenneye field.
NOVATEK creates a joint venture with Rosatom
Leonid Mikhelson and Alexey Likhachev signed an agreement of intent on establishment of a joint venture.
Gazprom Neft and S7 Airlines become the 1st companies in Russia to move to blockchain technology in aviation refuelling
The compnaies developed and implemented blockchain-based joint smart-contracts.
OPEC decided to extend cuts in oil output by 9 months to March 2018
One OPEC delegate at the meeting in Vienna said the group of 14 oil producers had agreed to extend cuts in production by 9 months to March 2018.
Chinese economic boom during the first quarter of the year
China's economy grew at an annual rate of 11.9% in the first quarter of the year, which experts say could lead to a revaluation of the yuan.
Toyota Firms To Merge
It was announced that three car parts makers affiliated with Toyota Motor Corp have agreed to merge...
Russia Likely To Cap Domestic Energy And Gas Prices
Russia said it probably will cap price rises for power and natural gas at less than...
OPEC Will Not Join Other Exporters In Boosting Output
The Organization of Petroleum Exporting Countries does not plan to boost...
Nestle Plans To Expand Water Business
Nestle SA, the maker of Perrier, said it plans to double sales of water...
Mosenergo Revenue Grows 43%
Mosenergo, the monopoly seller of electricity and heat to Moscow...
Brilliance and MG Agreement
The ex-BMW owned group signs agreement for closer relationship in future...
Southwest Airlines to Hire 4,000 New Staff
Low-cost US airline to invest, despite economic slump...
Eurozone Inflation Rises
Price rises in the twelve nation club reach highest level in eight months...
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