Industry News
TotalEnergies and Eni discovered gas at Block 6 offshore Cyprus
Zeus 1 is the 5th consecutive discovery in the Cyprus EEZ since 2011, when the Noble Energy drilling rig discovered the Aphrodite field in Block 12.
Iran and China agree to develop oil and gas fields
The countries have signed agreements on joint development of oil and gas fields.
Putin has approved a list of fuel and energy companies whose shares transactions require a special order
The list includes manufacturers of equipment for the fuel industry. There are 191 companies in total.
Russian Deputy Prime Minister Alexander Novak believes that the range of oil prices in 2021 will be $45-60 per barrel
According to him, the quotes have stabilized and the current prices are in line with the market situation.
Belorusneft’s northern asset in Russia reveals ambitious plans to increase gas extraction
Specialists describe Oil Company Yangpur as the driver of growth of Belorusneft’s daughter enterprises in Western Siberia.
Iranian Energy Minister: Iraq to open euro bank account to pay Iran’s energy debts
Iraq relies heavily on Iranian gas to feed several power plants across the country, while Iranian electricity exports also account for a major part of the country’s power supply.
Kazakhstan to create oil & gas engineering development international centre
An International Center for the Development of Oil and Gas Engineering will be created in Kazakhstan, the office of the Kazakh prime minister said on December 1.
Priorities of Turkmengas: from export of pipeline gas to its deep processing
Chairman of the Turkmen State Concern “Turkmengas” Batyr Amanov at the International Conference “Sustainable cooperation in the energy sector is an important condition for universal development” said that one of the main components of the country’s diplomacy is creating favorable conditions for international cooperation.
Turkmenistan considers opportunities to attract investment to Caspian Sea
Turkmenistan has considered the possibility of attracting investment in the marine blocks of the Turkmen sector of the Caspian Sea, Trend reports with reference to Nebit-Gaz newspaper.
Canada’s Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers
Cenovus Energy Inc (TO:CVE) has agreed to buy rival Husky Energy Inc (TO:HSE) in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada’s No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate.
Maduro: Oil revenue down 99% due to US sanctions, but Iran helping
Venezuelan President Nicolas Maduro has said that US financial sanctions have caused Venezuela’s oil revenue to plunge 99% over the last 6 years.