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Oil and Gas Storage Service Market Revenue Will Reach $XX Billion By 2022, Says Esticast Research and Consulting

December 15, 2017 No Comments

As per the report”Oil and Gas Storage Service Market By Product Type (Storage, Ancillary), By End-use application (Storage, Ancillary), Estimation & Forecast, 2017 – 2024″ ,the global oil and gas storage service market was valued at $XX billion in 2016, and is projected to reach $XX billion by 2022, growing at a CAGR of 2.6% […]

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OPEC Cuts May End Earlier Than Planned

OPEC Cuts May End Earlier Than Planned

December 13, 2017 No Comments

To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait’s Oil Minister Issam al Marzouq yesterday said the cuts may end before the end of 2018. “We still have a full year left in the agreement, but there is a possibility that we exit the cuts […]

Gazprom and CNPC hold Joint Coordinating Committee meeting

Gazprom and CNPC hold Joint Coordinating Committee meeting

December 13, 2017 No Comments

A regular meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Wang Dongjin, Vice President of CNPC, took place in Moscow. The meeting reviewed the progress of concerted efforts of the companies in the course of 2017, as well as ongoing and future cooperation in key focus areas. Specifically, a briefing was given on joint actions in the […]

NOVATEK acquires South-Khadyryakhinskoye and Eurotek

NOVATEK acquires South-Khadyryakhinskoye and Eurotek

December 10, 2017 No Comments

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced the acquisition of AO South-Khadyryakhinskoye and AO Eurotek from AR Oil&Gas B.V., joint venture of AO Neftegazholding and Repsol S.A. AO South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located in close proximity to infrastructure of the North-Khancheyskoye field developed by NOVATEK’s subsidiary. […]

Siemens demands return of gas turbines delivered to Crimea

Siemens demands return of gas turbines delivered to Crimea

December 10, 2017 No Comments

Siemens asked a court to return the gas turbines sold to Technopromexport and subsequently delivered to Crimea to Siemens Gas Turbines Technologies, a Siemens representative said in court according to a Tass Agency report. “Proceeding from the invalidity of these transactions, we ask the court to oblige the actual purchaser of the equipment – Technopromexport […]

Saudi energy minister to attend Yamal LNG launch

Saudi energy minister to attend Yamal LNG launch

December 6, 2017 No Comments

The Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid A. Al-Falih has decided to attend the launch of the Yamal LNG plant in Russia, scheduled for December 8, Russia’s Energy Minister Alexander Novak said Wednesday. “Yes, he has confirmed plans to attend,” Minister said according to a TASS report. The Saudi minister […]

Forget OPEC, Putin Is Calling The Shots In Global Oil

Forget OPEC, Putin Is Calling The Shots In Global Oil

November 30, 2017 No Comments

Do you remember who first said anything about extending the oil production cut deal until the end of next year? It wasn’t Saudi Arabia or any other Gulf producer. It wasn’t even Venezuela. It was Russia, and more specifically President Putin, who suggested such an extension during Saudi King Salman’s visit to Russia in October. […]

Gazprom resuming gas deliveries to Azerbaijan

Gazprom resuming gas deliveries to Azerbaijan

November 23, 2017 No Comments

Gazprom Export and the State Oil Company of the Azerbaijan Republic (SOCAR) reached an agreement to resume natural gas supplies to Azerbaijan. A contract to that effect was signed in Moscow on November 21, 2017. Gas supplies are to start on November 22, 2017. It is planned to deliver a total of 1.6 billion cubic meters of Russian gas to Azerbaijan under the contract. “We have a long history of partnership with Azerbaijan in the field of natural […]

IMF Staff Concludes Visit to Russia

IMF Staff Concludes Visit to Russia

November 20, 2017 No Comments

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Moscow during November 13–17, 2017, to discuss the economic outlook and related policies. At the conclusion of the visit, Mr. Ramirez Rigo made the following statement: “A cyclical recovery in Russia is gaining pace after a two-year recession, with growth expected to reach […]

Gazprom Upgrades gas and gas condensate processing capacities

Gazprom Upgrades gas and gas condensate processing capacities

October 28, 2017 No Comments

The Gazprom Management Committee addressed the information about the strategy for and approved the Company’s ongoing activities under the gas and liquid hydrocarbons processing projects. It was noted that increased recovery of valuable components from raw hydrocarbons and output of readily marketable products were the Company’s key objectives in that area. For these purposes, Gazprom consistently develops the existing and builds new processing […]

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