Oil & Gas Industry News
Serbia’s prime minister Ana Brnabic said on October 12, 2017, the construction of a gas link with Bulgaria and a motorway linking the city of Nis with Albanian capital Tirana are of utmost importance for the stability of the Western Balkans.
Shell Brazil reported on October 11, 2017, that the company and Integral Investments, has agreed to sell its 16.8 % interest in Comgás to Cosan.
Iranian 1st Vice-President Eshaq Jahangiri said on October 9, 2017, that Yerevan has signaled keenness to buy more gas from Iran, adding the 2 countries have started talks on increasing Iran’s gas exports to Armenia.
Belarus Deputy Prime Minister Vladimir Semashko commented on September 15, 2017, the possible transport of Belarus’ petroleum products through Russian infrastructure, BelTa has learned.
Angola LNG reported on September 4, 2017, that it has entered into a multi-year LNG sales agreement with commodities trader Vitol.
Polish oil company Lotos has purchased on September 4, 2017, its 1st ever cargo of Canadian crude, as it continues to seek supply diversification.
Naftogaz Ukrainy in July 2017 started importing gas through its Swiss subsidiary Naftogaz Trading Europe S.A., according to data from the ukrainian A-95 Consulting Group on August 7, 2017.
Topaz Energy & Marine has secured a $100 million contract with Dragon Oil to provide 6 offshore vessels for work off Turkmenistan, the company reported on August 8, 2017.
Venezuela’s state-owned oil company PDVSA revealed on August 13, 2017, that its revenues have dropped sharply, spelling bad news for a crisis-torn country heavily reliant on its exports of crude oil, AFP reported.
Egypt is planning to import 80 cargoes of LNG during the 2017-18 financial year that began in July, down from the 118 cargoes imported last year, Egypt’s General Authority for Petroleum (EGPC) announced on August 13, 2017.
Saudi Arabia’s budget deficit halved in the 1st 6 months of this year, the finance ministry reported on August 14, 2017, following sweeping spending cuts and a stabilisation in oil prices.
Circle Maritime Invest has been given a $14 million loan to buy new ships for progressing oilfield operations, the company repprted on July 31, 2017.
Oil major Shell has reached an agreement to sell its shares in Shell E&P Ireland Limited that holds 45% interest in the Corrib gas venture for up to $1.23 billion, the company announced on July 12, 2017.
Russia refused Uzbekistan in duty-free oil deliveries via main oil pipeline (MOP) Omsk – Pavlodar -Shymkent – Zafarabad, the Russian Energy Ministry said on January 18, 2017.
On latest construction status of Iran-Iraq gas export pipeline, Planning Director of the National Iranian Gas Company Hassan Montazer Torbati said phase one of the project has been accomplished and will be officially inaugurated in the week to come.