Oil and Gas Industry Latest News

04.06.2014 Poland expects discount from Gazprom

Polish energy concern Polskie Gornictwo Naftowe i Gazownictwo (PGNIG) hopes for a gas price reduction from the Russian gas holding Gazprom at the year-end, the Polish company’s head Mariusz Zawisza said on June 3, ITAR-TASS has said.

04.06.2014 Russia’s Gazprom to consider Lithuania buy offer

Russian gas holding Gazprom has received the Lithuanian government’s proposal for the purchase of Gazprom’s share in Amber Grid and Lietuvos Dujos companies and is considering the offer, Gazprom’s Deputy Chairman of the Board Alexander Medvedev told a news conference, IT

04.06.2014 Azerbaijan needs new markets to sell gas — president

Azerbaijan needs new markets for export of its gas, Azerbaijani President Ilham Aliyev told the opening of the 21st International Caspian Oil and Gas exhibition here on June 3, ITAR-TASS has reported.

04.06.2014 Total, E.ON to exit pipeline to bring Azeri gas to EU

France's Total and Germany's E.ON plan to withdraw from a pipeline scheme to bring Azerbaijan's gas to Italy, an Azeri official said, as falling Italian demand puts energy projects there into doubt, Vagif Aliyev, SOCAR's investment department head at Azeri SOCAR said in

04.06.2014 Gazprom wants Ukraine to pay for 9.8 bcm of gas

Ukraine received 3.529 billion cubic meters of Russian gas in May boosting the amount of unpaid supplies to 9.839 billion cubic meters, Gazprom’s representative Sergei Kupriyanov said in a news conference on June 3, a day after Kiev and Moscow agreed to continue gas pump

04.06.2014 Azerbaijani president meets BP Chief Executive Officer

President of the Republic of Azerbaijan Ilham Aliyev has received the Chief Executive Officer of BP, Robert Dudley, Trend reported on June 4.

04.06.2014 Wood Group Kenny awarded engineering contract for Shah Deniz

Wood Group Kenny (WGK) will provide engineering and project management services for the Subsea Execute phase of the second stage of development of Azerbaijan's giant Shah Deniz field, Azernews has reported.

04.06.2014 Southern Gas Corridor is EU’s top priority - official

The Southern Gas Corridor remains the top priority with regard to Europe's energy security and the European Union (EU) will keep supporting its implementation and expansion, Azernews reported on June 3, citing the head of the EU Delegation to Azerbaijan, ambassador Malen

04.06.2014 Ukraine wants EU to block South Stream

The Ukrainian government calls upon the European Union to block the construction of a joint with Russia gas pipeline South Stream, Prime Minister Arseniy Yatseniuk said in parliament on June 3, Ukrinform has reported.

04.06.2014 Shell halts shale wells in East Ukraine

Royal Dutch Shell Plc (RDSA) has halted drilling for shale gas in eastern Ukraine to protect its personnel from clashes between pro-Russian separatists and the Ukrainian army, Bloomberg reported on June 3.