Oil and Gas Industry Latest news

03.07.2014 Gazprom to charge China same price for natural gas that Germany was paying

OAO Gazprom, the world's largest natural gas producer, will supply fuel to China at a price close to Germany's, according to Russian officials.

03.07.2014 Total in talks with PetroChina to sell China refinery stake

France's Total is in talks with PetroChina to sell its stake in a Chinese refinery after nearly two decades of investment, in what could be the latest foreign energy firm giving up on a vast but tightly regulated oil market in China.

03.07.2014 Uganda Secures World Bank Loan

Uganda has been given a $140 million loan from the World Bank to upgrade facilities in the Albertine region to meet the infrastructure and skills requirement needed for its launch as a soon to be oil and gas producing country.

02.07.2014 Turkmenistan 'Eyes Boosting Economic Cooperation' with Bulgaria

Turkmenistan's President Gurbanguly Berdimuhamedow has said his country is interested in boosting ties with Bulgaria on an equal footing.

02.07.2014 Russian daily oil production up in June

Russian oil and gas condensate output reversed a downward trend in June, rising 0.2 percent from May to 10.55 million barrels per day (bpd), thanks to privately owned firms Lukoil and Bashneft, Energy Ministry data showed.

02.07.2014 Nigeria oil production rebounds to 2.15 mbpd in June

Nigeria’s crude oil production rose by 200,000 barrels a day to 2.15 million in June, a Bloomberg survey of Organisation of Petroleum Exporting Countries (OPEC) producers showed.

02.07.2014 HRH The Prince of Wales Contributes to the Energy Debate

In a special video message recorded to celebrate the Energy Institute (EI)’s centenary, HRH The Prince of Wales HonFEI, contributes to the energy debate and speaks of the role of energy in the circular economy.

02.07.2014 ExxonMobil Announces Antwerp Refinery Investment of More Than $1 Billion

ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical B.V.B.A., announced today it plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as ma

02.07.2014 New oil pipeline built in Kazakhstan

Oil from a field in Kazakhstan is connected to a regional pipeline network to facilitate exports, oil and gas company Max Petroleum said.

02.07.2014 New major oil outage would strain supply

The world’s unused spare oil production capacity would struggle to cover another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq’s southern exports be disrupted.