Latest news
Azerbaijan cuts average daily oil production within OPEC agreement
Azerbaijan has submitted the data on the daily oil production in the country for April 2019 to the joint technical commission of the OPEC monitoring committee, Trend reports referring to the country's Energy Ministry on May 11.
read more... 13/05/2019
Sovcomflot secures LNG vessel financing facility
Sovcomflot (SCF Group) has signed a new US$297 million limited recourse credit facility, for up to 10 years, with three leading international banks: ING Bank; KfW IPEX-Bank, and Crédit Agricole Corporate and Investment Bank.
read more... 09/05/2019
BP sanctions Thunder Horse South expansion phase 2 project
Oil and gas giant BP said that it will move ahead with the Thunder Horse South expansion phase 2 project in the US Gulf of Mexico to draw an additional 50,000 gross barrels of oil equivalent per day (boe/d) from the Thunder Horse oil field.
read more... 08/05/2019
Russia to Cut Crude Oil Production
Russia’s oil output will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues.
read more... 07/05/2019
Poland, Hungary, Czech to release oil reserves after pipeline shutdown
Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia's Druzhba pipeline to Europe were halted, industry sources said on Friday.
read more... 06/05/2019