Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...
Tags: Yukos Demise, Giant Oil Producer
Apollo Goessnitz GmbH (Germany), a subsidiary of HMS Group, designed, manufactured and delivered two bespoke BB5 pumping units according API 610 to one of Rosneft subsidiaries- Novokuibyshevsk Oils and Additives Plant (Samara region). ...
Tags: HMS, Pumps, Injection Pump
The share of innovative enterprises in the Vladimir region markedly increased. In absolute terms, these figures: in 2012, 18 plants commissioned in 2013 is scheduled to earn another 21 companies. Volume of nano-two years increased from 2.8 ...
US Gulf Coast premium gasoline differentials spiked Monday as Colonial Pipeline's 6th shipping cycle deadline loomed, leaving traders scrambling to cover short positions. During the Platts Market on Close assessment process, Lukoil bought ...
Tags: US Gulf Coast, gasoline, gasoline industry
The Russian government's energy commission will discuss licensing issues, including changes to the license for the Trebs and Titov field, as well as ways to tackle oil spills at its next meeting, likely to take place in February, Russia's ...
Tags: energy, licensing issues, Russian government
Russia’s LUKoil has said it has cut its oil production plan in Iraq by almost a third, in line with the local government’s plans to increase the lifetime of its oilfields, reports Al Arabiya. Andrei Kuzyayev, head of LUKoil ...
Tags: Iraq, oil production plan, oil output, oil industry
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
Since its inception in 2002, the Nabucco natural gas pipeline has undergone a number of transformations, most recently into a much shorter link designed to carry Azeri gas from the Turkish border into southern and central Europe. But ...
Tags: Nabucco, natural gas pipeline, gas, company news
Reuters reported that LUKoil had decided not to join the development of Iraq's West Qurna-1 oil field,citing high risks,paving the way for Chinese companies to enter the project. LUKoil oversees the largest share of oil reserves in ...
Tags: Mineral, Energy, Qurna-1 oil field
An article from Seeking Alpha speculates that Iraq could provide solid opportunities to oil field services firms like Baker Hughes, but points out that there are significant risks and issues that need to be addressed before international ...
Tags: Baker Hughes, Iraq, Lukoil
Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
An article from Seeking Alpha speculates that Iraq could provide solid opportunities to oil field services firms like Baker Hughes,but points out that there are significant risks and issues that need to be addressed before international ...
Tags: Iraq, oil, Baker Hughes, market
Mr Vladimir Putin president of Russia will meet his Ugandan counterpart Mr Yoweri Museveni to discuss broader trade and economic cooperation with the East African country. As per report,during the negotiations the sides intend to discuss ...
Tags: Putin, Mr Yoweri Museveni, trade and economic cooperation, oil, gas
Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi