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Global Oil Today

Global Oil Today

November 15, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $64.51 a barrel on Wednesday, 14 November 2018, compared with $67.01 the previous day, according to OPEC Secretariat calculations. The December light, sweet crude contract on the New York Mercantile Exchange dropped stood at $55.69/bbl. The NYMEX natural gas price for December was up 31¢ […]

Russia’s Aurus cars to feature at Geneva Motor Show

Russia’s Aurus cars to feature at Geneva Motor Show

November 9, 2018 No Comments

Sedan and limousine versions of Russian-made Aurus executive class cars will make their European debut during the 89th International Motor Show in Geneva in March 2019, the Russian Industry and Trade Ministry’s press service said. Aurus is a Russian brand of cars for senior officials. The name combines the two words Aurus: “aurum” (a Latin […]

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Saudi Aramco breaks ground for new Upstream R&D Center in Russia

Saudi Aramco breaks ground for new Upstream R&D Center in Russia

November 9, 2018 No Comments

Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin H. Nasser attending the groundbreaking ceremony of a new Saudi Aramco Research Center at the MSU Science Park. The Center is Saudi Aramco’s ninth R&D facility outside the Kingdom and will focus on upstream technologies in simulation and […]

Gazprom and OMV sign  contract Amendment

Gazprom and OMV sign contract Amendment

November 6, 2018 No Comments

“Over the past few years, Gazprom has been setting new records for exports to Austria. In the first ten months of 2018 alone, gas supplies to the country have grown by a third compared to the same period of 2017, reaching 8.8 billion cubic meters. The signing of a document on additional exports beyond the […]

United States grants waivers in Iran Sanctions

United States grants waivers in Iran Sanctions

November 5, 2018 No Comments

The United States has granted waivers to continue three nonproliferation projects in Iran, among them is the Bushehr Nuclear Power Plant (NPP), US Secretary of State Mike Pompeo said at a briefing for foreign reporters on Monday answering a TASS question. “What we have authorized is very narrow, very limited, very time-limited as well, but […]

Rosneft and Pietro Fiorentini Expand Industrial Cooperation

Rosneft and Pietro Fiorentini Expand Industrial Cooperation

October 31, 2018 No Comments

Rosneft and Pietro Fiorentini S.p.A in the framework of the visit of the Italian delegation to Russia agreed to extend the existing agreement on industrial cooperation until the end of 2019, and signed a new agreement. The document was signed in the presence of the President of the Russian Federation Vladimir Putin and the President […]

Russia , UAE Partner NNPC for Oil, Gas Development

Russia , UAE Partner NNPC for Oil, Gas Development

October 30, 2018 No Comments

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies. Speaking after a working visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, […]

Major oil and gas exporters face challenges in years ahead – IEA

Major oil and gas exporters face challenges in years ahead – IEA

October 26, 2018 No Comments

Major oil and gas exporters have weathered many upheavals in recent decades but a renewed commitment to reform and economic diversification will be vital to cope with the changing dynamics of global energy. These include rising production from new sources such as shale, uncertainties over the pace of oil demand growth and deployment of new […]

Total Opens Lubricants Oil Blending and Production Plant in Russia

Total Opens Lubricants Oil Blending and Production Plant in Russia

October 15, 2018 No Comments

Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15th, in the presence of Anatoly Artamonov, Governor of the Kaluga Region, and Patrick Pouyanné, Chairman and CEO of Total. This blending and production plant will allow […]

Energy minister says no need for country to join OPEC

Energy minister says no need for country to join OPEC

October 9, 2018 No Comments

Russia’s Energy Minister Alexander Novak considers it unreasonable for the country to join OPEC. “I do not think it is necessary and reasonable,” he said in an interview aired by the Rossiya-24 TV news channel on Tuesday when asked about Russia’s possible joining the oil cartel. “Fundamentally, the instruments being used today when we reach […]

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