Oil and Gas Industry Latest News

20.03.2014 Romania to auction off 26% stake in oil refinery this summer

Romania will auction in the summer a stake of 26% in oil refinery Rompetrol Rafinare with the starting price of $200 million, a government official said on March 19, Balkans.com reported on March 20.

20.03.2014 Ukraine’s Metinvest to supply large diameter pipes to Iraq

Metinvest Group received permission to supply large diameter pipes fabricated from internally produced pipe-making plate for oil and gas pipelines in Iraq, Metinvest’s press office said on March 19.

20.03.2014 Ukraine crisis not to affect energy supplies to EU — commissioner

The situation in Ukraine would not  negatively affect energy supplies from Russia to countries of the European Union, EU Energy Commissioner Gunther Oettinger told the German Die Welt newspaper on March 19, Itar-Tass has reported.

20.03.2014 Azerbaijan’s Shah Deniz awards further stage two contracts

The Shah Deniz and South Caucasus Pipeline consortium continue awarding key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects, Azernews reported on March 19.

19.03.2014 Azerbaijan’s oil production down in February

In February oil production in Azerbaijan fell by 9.2% compared to January 2014, abc.az reported on March 18.

19.03.2014 Gazprom eyes Ukraine’s Crimean oil and gas reserves

Gazprom has requested permission from the Crimean authorities to develop oil and gas fields, Crimea's first Deputy Prime Minister Rustam Temirgaliev said on March 18, rt.com has reported.

19.03.2014 Russia’s Rosneft head says assets in Ukraine to be defended

Russia’s oil company Rosneft will defend its assets in the Ukrainian territory, Rosneft CEO Igor Sechin said at a plenary meeting of the sixth Russian-Japanese Investment Forum that opened in Tokyo on March 19, Itar-Tass has reported.

19.03.2014 Azerbaijan’s SOCAR to improve welding technologies

Azerbaijan's state energy company SOCAR conducts active work on the development of advanced welding technologies, which are the important component of the oil and gas sector, Azernews reported on March 19.

18.03.2014 Belarusian state company updates process liquids

Mass implantation of new generation drilling mud (developed in-house) has started at the fields of Belorusneft, the company’s press office said on March 17.

18.03.2014 Ukrainian ministry, Chevron discuss Olesskaya field

Ukrainian environment minister Andry Mokhnyk and Chevron representatives on March 13 discussed exploration at the Olesskaya shale gas field in the regions of Lvov and Ivano-Frankovsk, the ministry has said on its website.