Oil and Gas Industry Latest News

16.06.2014 Russia and Ukraine Fail to Reach Gas Deal as Deadline Looms

Russia and Ukraine failed to resolve a gas pricing dispute at talks and a 10 a.m. deadline for Ukraine to pay $1.95 billion in gas debts still stands, a spokesman for Russian natural gas producer Gazprom said Monday.

09.06.2014 Bulgaria Suspends construction of South Stream Pipeline

Bulgarian Prime Minister Plamen Oresharski issued orders on Sunday to cease all work on the South Stream as pipeline project, Interfax reported citing the Bulgarian radio station Darik Radio. Oresharski said that the decision would be in effect until the European Commission completed reviews on whether or not the project meets EU anti-monopoly norms.

05.06.2014 Azerbaijan’s SOCAR, BP to explore shallow part of Absheron

The State Oil Company of Azerbaijan (SOCAR) and Britain's BP company have signed an agreement to conduct geological exploration work in the shallow part of the Absheron archipelago, Khoshbakht Yusifzadeh, the First Vice-President of SOCAR told reporters on June 5, Trend

05.06.2014 Ukrainian government decides to divide Naftogaz

Ukraine’s government has approved a decision to create a gas transportation system company, the parliament-appointed Minister of Energy and Coal Industry Yuriy Prodan has said, ITAR-TASS reported on June 4.

05.06.2014 TAP pipeline construction to begin next year

The construction work on the Trans-Adriatic Pipeline (TAP) will start next year, TAP's Managing Director Kjetil Tungland said on June 4 at the 21st Caspian International Oil & Gas Exhibition in Baku, Azernews has reported.

05.06.2014 Tender procedures for TANAP pipeline to be completed by late 2014

All tender procedures within the project on construction of the Trans-Anatolian (TANAP) gas pipeline will be completed by late 2014, SOCAR head Rovnag Abdullayev on June 4, Azernews has reported.

05.06.2014 Gazprom, Naftogaz Ukrainy agree to postpone debt settlement deadline

Berlin hosted on June 4 a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Andrey Kobolev, CEO of Naftogaz of Ukraine, Gazprom’s press office has said.

05.06.2014 Poland to host conference on shale gas on June 9-10

On June 9th−10th, the third edition of the international ShaleScience conference will be held in Warsaw, bringing together scientists and experts from Poland and around the world to discuss shale gas recovery techniques that could prove the most effective in the Polish g

05.06.2014 Polish PGNiG considering LNG import from the USA

Poland’s largest gas company PGNiG is considering imports from the USA and claims that the earliest delivery of LNG gas could take place in 3–4 years, Warsaw Business Journal said on June 4.

04.06.2014 EU asks Bulgaria to suspend South Stream

The European Union has asked Bulgaria to suspend work on the multinational South Stream pipeline project designed to allow Russia's gas deliveries to bypass Ukraine on their way to Europe, The Telegraph said on June 3.