Oil & Gas Industry News
The growth reached 10%.
The UAE reached a strategic oil deal yesterday with India, which visiting leaders said is expected to be the first in a deepening relationship with one of the world’s fastest growing oil consumers.
SOCAR Turkiye Enerji (subsidiary of SOCAR) considers the establishment of a new petrochemical plant in Turkey, the head of SOCAR Turkiye Enerji Zaur Gahramanov stated in an interview.
Changes of gas import volumes through the terminals of Italy – 2016 compared to 2015.
Venezuela said on Tuesday it will cut 95,000 barrels per day (bpd) of oil production in the New Year in fulfillment of a producers’ deal to reduce global output and strengthen prices.
The Cabinet of Ministers of Ukraine expects that the production of natural gas by Ukrainian gas-producing companies in 2017 will increase by 8.5% or 1.6 billion cubic meters to 20.3 billion cubic meters against earlier expected 18.7 billion cubic meters in 2016.
Expected to contribute more than 5 billion cubic meters (CBM) of natural gas to Turkey’s annual gas supply, the GDF Suez Neptune plant, Turkey’s first liquefied natural gas (LNG) Floating Storage Regasification Unit (FRSU), opened on Friday with a grand ceremony attended by President Recep Tayyip Erdoğan, Prime Minister Binali Yıldırım and Energy and Natural Resources Minister Berat Albayrak.
Barack Obama has permanently banned new oil and gas drilling in most US-owned waters in the Arctic and Atlantic oceans, a last-ditch effort to lock in environmental protections before he hands over to Donald Trump.
BP and United Arab Emirates (UAE) have signed an investments agreement, as informed by western media on December 17, 2016.
Algeria’s energy ministry has sent instructions to its oil sector regulator to begin production cuts of 50,000 b/d with effect from January 1.
The High Court will begin to hear arguments during a 4-day hearing starting on 21st November 2016 on whether the English Courts can hear two legal claims on behalf of over 40,000 Nigerians against Royal Dutch Shell (RDS) and its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), for extensive environmental damage caused by oil pollution to two separate communities in the Niger Delta.
Azerbaijan and Pakistan have discussed possibilities of oil and oil products trading, Caspian Energy News reports with reference to the website of the State Oil Company of Azerbaijan (SOCAR).
The Uzbekneftegaz National Holding Company of Uzbekistan announced about the increase of the retail prices for gasoline starting from October 23.
Somalia announced its first oil & gas licensing round on 1 November 2016 at the 23rd Africa Oil Week Conference in Cape Town.
On October 29, 2016 Tajik president Emomali Rahmon officially launched the construction of the dam.