Oil and Gas Industry Latest news

05.09.2014 New EU Economic Sanctions to Hit Russian Oil, Defense Investments

The European Union is looking at introducing more economic sanctions against Russia over its alleged role in Ukrainian conflict, targeting the country’s oil and defense industries with investment bans, according to a new report.

05.09.2014 Rosneft Starts Production on Chayvo Northern Tip

Rosneft starts production on the Northern Tip of Chayvo field on the Sakhalin Island.

04.09.2014 Ramirez Out of Venezuela Oil Ministry and PDVSA

Venezuelan President Nicolas Maduro fired Rafael Ramirez from his posts of oil minister and as head of state-run oil firm PDVSA.

04.09.2014 Romania Anticipates EUR 4-5 bln Investments from Petrom and Exxon

Romania’s top oil and gas group Petrom and U.S. major ExxonMobil will need to invest USD 4-5 billion to extract gas from a Black Sea field, provided additional data confirms their find, President Traian Basescu said on Wednesday, writes Reuters.

04.09.2014 Rosneft Launched Isomerization Unit at Kuibyshev Refinery

Ceremony of launching an isomerization unit with a capacity of 280 thousand tons per year has took place at Kuibyshev refinery, a Rosneft’s subsidiary.

04.09.2014 Shell Announces Utica Gas Discovery in Pennsylvania

Shell announced new discovery wells (Neal and Gee) within the Utica formation in Tioga County, Pennsylvania, USA.

04.09.2014 Pirates Attack Products Tanker off Ivory Coast

Armed pirates robbed an petroleum products tanker near Ivory Coast's port of Abidjan, a maritime agency and a private security advisor said on Wednesday, in an indication of the increasing mobility of Nigeria-based gangs.

04.09.2014 Gazprom, CNPC to Decide on Gas Pipeline to China via Mongolia

Russia’s Gazprom and China National Petroleum Corporation (CNPC) will need to decide whether their gas pipeline will run through Mongolia or not, Russian Natural Resources and the Environment Minister Sergei Donskoy on Wednesday.

04.09.2014 U.K., European Natural Gas Prices Rose in August

Colder weather, reduced liquefied natural gas (LNG) send-out from terminals into the U.K.