Industry News
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.
Russia calls for a global response to the oil demand crisis
All players on the global energy market need to act together to tackle the effects of the pandemic on oil demand.
Azerbaijan´s SOCAR imports 812 mln cubic meters of gas to Georgia in 1H 2020
SOCAR Georgia Gas, the Georgian branch of Azerbaijan State Oil Company, imported about 812 million m3 of natural gas to Georgia during the first 6 months of 2020, Ibrahim Ahmadov, Deputy Head of SOCAR’s Public Relations department has told Azerbaijan’s Trend.
Kazakhstan explores ways to strengthen Kazakh and German cooperation in subsoil use and geology
According to the Kazakh Prime Minister’s press service, the online meeting was attended by managers and representatives of more than 100 leading German companies, including Siemens, Linde, Knauf, Lufthansa etc.
Shell to begin seismic work on North Sea gas discoveries next year
Shell will kick off seismic studies on the Resolution and Endeavour gas discoveries in the North Sea in the first quarter of next year.
China’s diesel demand set to jump to record this year
State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters.
Turkey’s purchase of Russian gas drops by 62% year-on-year
According to Turkish Daily Sabah, Turkey’s natural gas imports from Russia in May 2020 fell by almost 62% compared to the same month of last year, the local official data released on July 29.