Oil and Gas Industry Latest News

28.05.2014 Russia set to return foreign firms to Crimea

Russia is ready to discuss conditions of work on the Crimean continental shelf with the foreign companies that concluded contracts with Ukraine, Novosti Kryma has reported, citing Russian Deputy Prime Minister Arkady Dvorkovich.

28.05.2014 Lithuania nears LNG deal with Norway’s Statoil

Lithuania is close to signing its first liquefied natural gas (LNG) purchase with Norway's Statoil , the prime minister and energy companies said, which would end Russian firm Gazprom's monopoly as its supplier, Reuters reported on May 27.

28.05.2014 Russo-Bulgarian Stroytransgaz wins tender for South Stream in Bulgaria

Stroytransgaz Consortium comprised of the Russian Stroytransgaz oil and gas construction company and Bulgarian Gazproekt Jug AD has won the tender for the design, equipment supplies and construction of the main pipeline South Stream’s 541-kilometer section in Bulgaria, I

28.05.2014 Ukraine can pay for gas, but uncertain about price - minister

Ukraine has the money to pay its gas debts to Russia but is not certain about the price of Russian gas, Ukraine’s Finance Minister Oleksandr Shlapak said on May 27, ITAR-TASS has reported.

28.05.2014 Ukrainian prime minister sets gas deal deadline for Gazprom

An agreement between Naftogaz and Gazprom should be signed before May 29.

28.05.2014 Belarus starts construction of second unit of nuclear plant

The construction of the second power-generating unit of the Belarusian nuclear power plant has begun, BelTA on May 27 learned from Andrei Barkun, Deputy Director General for Capital Construction of the enterprise Belarusian Nuclear Power Plant.

27.05.2014 Ukraine expected to pay $2.5 billion debt for Russian gas

Ukraine may repay at least $2.5 billion of its $3.5 billion debt for Gazprom gas supplies, Russia’s Energy Minister Alexander Novak said on May 26 following the second round of the trilateral talks between Moscow, Kiev and the EU, ITAR-TASS has reported.

27.05.2014 Ukraine’s Naftogaz boosts underground gas stocks

Over the previous week, gas stocks in the underground gas storages (UGS) of Ukraine grew by 851 million cu m, Ukrinform reported on May 26, citing Naftogaz Ukrainy.

26.05.2014 Lukoil Neftochim Burgas Refinery Builds Heavy Waste Treatment Complex

An investment of USD 1.5 B will go to the first stage of the construction of a heavy waste treatment complex at the Bulgarian Lukoil Neftochim Burgas refinery.

26.05.2014 FX Energy provides operations update

FX Energy, Inc.