Oil and Gas Industry Latest News

26.12.2012 Chevron Subsidiary Acquires Operating Interest in Western Canada LNG Project to Meet Rapidly Growing Asia-Pacific Demand

Chevron Corporation announced December 24 that its indirect Canadian subsidiary, Chevron Canada Limited, will acquire a 50 percent operating interest in the Kitimat liquefied natural gas (LNG) project and proposed Pacific Trail Pipeline (PTP), and a 50 percent interest i

26.12.2012 Gazprom Signs Purchase Contract and Transmission Agreement for Uzbek gas

Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, the Gazprom delegation paid a working visit to the Republic of Uzbekistan December 24.

26.12.2012 PGNiG Signs a New Transmission Agreement

Polskie Górnictwo Naftowe i Gazownictwo SA signed a PLN 3.5bn transmission agreement with OGP Gaz-System.

26.12.2012 Gazprom Neft Opens 1st Petrol Stop in Romania

Gazprom Neft has opened its first branded gasoline station in Romania. The station is part of an expansion by the Serbian National Oil company, Naftna Industrija Srbije (NIS) in which Gazprom Neft holds a 56.5 percent interest.

26.12.2012 PKN ORLEN Extends Its Crude Oil Supply Contract With Mercuria Energy Trading

PKN ORLEN signed an annex to a contract for the supply of crude oil to its Płock refinery executed in December 2009, extending its term for another three years. The contract value is approximately PLN 26 billion.

26.12.2012 Tatneft set to launch R&D Centre in Skolkovo

Tatneft will set up an R&D center in the Skolkovo technology hub. The agreement was signed in presence of the Tatarstan President Rustam Minnikhanov, Skolkovo fund president Viktor Vekselberg and Tatneft’s General Director Shafagat Takhautdinov.

25.12.2012 Gazprom Neft to boost investments by 25% to $7.8 billion in 2013

Gazprom Neft, the oil arm of state-controlled gas giant Gazprom, said in a statement Monday it plans to boost investments by 25% to $7.8 billion in 2013.

25.12.2012 Russia's Lukoil has outbid Rosneft and Gazpromneft-Noyabrskneftegaz at an auction for Siberian oilfields

Russia's Lukoil has outbid Rosneft and Gazpromneft-Noyabrskneftegaz at an auction for Siberian oilfields.

25.12.2012 Russia Launches Second Leg of Pacific Oil Pipeline

Russian oil pipeline monopoly Transneft on Tuesday launched the second leg of the East Siberia - Pacific Ocean (ESPO) oil pipeline.

25.12.2012 Air Products and Sibur, leading Russian Petrochemical company, celebrates the start up of the new ASU plant in Voronezh, Russia

Air Products and Sibur inaugurated the opening of a new air separation unit (ASU). The grand opening ceremony is being held in conjuction with the 80th anniversary of Sibur’s OAO Voronezhsynthezkauchuk’s facility.