Oil and Gas Industry Latest news

04 Mar 2016 19:35 MSK EC Agrees on State Aid for TAP Gas Pipeline Project

The European Commission has decided that the agreement between Greece and the Trans Adriatic Pipeline (TAP) joint venture to build a pipeline that will bring Caspian gas to Europe is in line with EU rules for state aid.

04 Mar 2016 17:47 MSK Bloomberg: Exxon Mobil Joins Race to Export Crude

by Sheela Tobben, Javier Blas

Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at home after a 40-year export ban was lifted.

04 Mar 2016 09:56 MSK Nigeria Says OPEC to Meet Non-Members in Russia on March 20

by Elisha Bala-Gbogbo

Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Nigeria’s petroleum minister said.

04 Mar 2016 09:50 MSK LUKOIL Presents 2013 – 2014 Sustainability Report

On March,3 LUKOIL presented the Group’s “Report on Sustainable Development in the Russian Federation, 2013 – 2014”.

03 Mar 2016 09:35 MSK LUKOIL and Bashneft Begin Drilling First Exploration Well On Prospect In Nenets Autonomous District

On March,2 VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District.

03 Mar 2016 00:00 MSK Bank of China to Provide Gazprom with EUR 2 billion Loan

Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement.

02 Mar 2016 11:17 MSK Karpinsky Oil & Gas Company Reveals Development Strategy for Southern Russia Licenses

Karpinsky Oil and Gas Company (KOGC) has revealed plans to launch a drilling programme next year in the promising oil and gas license blocks it controls in the Karpinsky Ridge Basin in the Rostov Oblast, south of Russia.

01 Mar 2016 17:52 MSK Russia and Kazakhstan Will Dominate Planned Upstream Projects in the Former Soviet Union to 2025, Says GlobalData

Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, says research and consulting firm GlobalData.

01 Mar 2016 10:54 MSK Ukrnafta Has Presented its Long-term Development Strategy

On February 26th, Ukrnafta’s new management team delivered a long-term strategy to the company’s Supervisory Board for their consideration.

01 Mar 2016 10:32 MSK Iraq is Second-leading Contributor to Global Liquids Supply Growth in 2015

Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States.