Oil and Gas Industry Latest news

28.12.2015 Rosneft, Alltech Finalized the Creation of the JV in the Nenets Autonomous District

A company of the Rosneft group and a company of the Alltech group finalized the creation of a joint venture (JV) for the scope of gas production and marketing pro

28.12.2015 Gazprom, SOCAR Discuss Increase of Russian Gas Supply to Azerbaijan

Gazprom (Russian Global Energy Company) and SOCAR (State Oil Company of Azerbaijan Republic) are considering the possibility of increasing the Russian gas supply considering the growth prospective in consumption of natural gas in Azerbaijan, said the message of the Russi

28.12.2015 Offshore Prospects for 2016: Playing the Waiting Game?

This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade.

25.12.2015 Transneft Far East, LLC Has Conducted a Drill on Oil Spill Elimination in Ussuri River in Primorie

Subdivisions of Dalnerechensk Regional Oil Pipeline Department (RPD) of Transneft Far East, LLC have conducted

25.12.2015 Belarus' Oil Import up by 1.5% to 18.7m tonnes in January-October

In January-October 2015 Belarus' crude oil import was up by 1.5% as against the same period a year earlier to 18.7 million tonnes, BelTA learned from the National Statistics Committee. In January-October 2015 Belarus purchased oil worth $4.872 million.

25.12.2015 Lukoil to Sell Assets in Lithuania, Latvia

Russia’s oil major Lukoil has listed its assets in Lithuania and Latvia for sale due to emerging anti-Russia sentiment in those countries, its President Vagit Alekperov said on Thursday.

25.12.2015 Total Begins the Drilling of Antelope-6 in Papua New Guinea

InterOil Corporation has been advised by Total E&P PNG Limited, operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea, that it has begun drilling the Antelope-6 appraisal well.

25.12.2015 Lukoil Vice President for Power Generation Denis Dolgov Was Awarded Title of Distinguished Power Engineer of the CIS

PJSC Lukoil Vice President for Power Generation Denis Dolgov was awarded title of distinguished Power Engineer of the CIS Wednesday, Dec 23, 2015

25.12.2015 OPEC Says Oil Demand Will Continue to Slide Until 2020

OPEC has said that global demand for oil will continue to slide until the end of the decade, as producers outside of the cartel produce more oil.

22.12.2015 ConocoPhillips Sells Stake in JV with Rosneft, Exits Russia

U.S. oil and natural gas producer ConocoPhillips has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft, a ConocoPhillips spokesman said.