Category : Energy News

In the Caspian region, in 2016, only Azerbaijan and Kazakhstan are expected to cut their oil production volumes. Russia, Iran and Turkmenistan, on the contrary,...

Canadian Pennine Petroleum Corporation announced that it has signed the main terms and conditions of a production sharing agreement for the Velca Block, in southern...

Socar and its partners BP, Statoil, ExxonMobil, Canada’s Encana and Turkey’s TPAO abandoned the contract for Araz-Alov-Sharg project, in a deep-water section of Caspian. Almost...

Decision on the privatization of shares of Russian oil giant Rosneft has been taken and all revenues from privatization will be transferred to Russia’s federal...

The Romgaz, Lukoil Overseas and PanAtlantic Petroleum companies, partners in the exploration of the EX 29 East Rapsodia oil perimeter in the Black Sea, gave...

According to OMV chief executive, Austrian energy company plans to produce over 50,000 barrels of oil equivalent (boe) a day at Russian oil and gas...

The new pipeline, named Nord Stream 2 after the first version, is a project of Gazprom and E.ON and BASF/Wintershall of Germany, OMV of Austria,...

SOCAR contracted Maire Technimont from Milano Italy for a modernization project in its Baku based refinery. State Oil Co. of Azerbaijan Republic (SOCAR) has let...

OMV AG is selecting advisors to assist with the sale of part or all of OMV Petrol Ofisi AS, a wholly owned wholesale and retail...

US oil company ExxonMobil and Romanian oil & gas group OMV Petrom have completed the exploration work in the Neptun Deep perimeter located in Romania’s...