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Total to develop gas project in Oman

Total signed a memorandum of understanding (MoU) with the government of Oman to develop natural gas resources in the Arabian Peninsula nation, the company announced Sunday.

read more... 21/05/2018

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BP ready to launch drilling operations of the first well in shallow waters of Absheron Peninsula

Vice-President for External Affairs of BP Company in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbeyli declared that BP Company intends to launch the drilling of the first well in promising structures in the shallow waters of Absheron Peninsula (SWAP) at the beginning of 2019.

read more... 07/05/2018

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EIB to offer 932-million-euro loan for Trans-Anatolian Pipeline

The European Investment Bank (EIB) Board decided to provide a loan estimated at EUR 932 million for the 1850 km Trans-Anatolian Pipeline (TANAP) to transport natural gas from Azerbaijan’s Shah Deniz-2 gas field to Europe.

read more... 16/03/2018

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Leningrad II-1 begins power launch stage

Russian regulator Rostechnadzor gave the green light for Unit 1 of the Leningrad Phase II nuclear power plant to enter the power start-up phase. Power start-up requires bringing the unit to 50% of its electricity production capacity in preparation for commercial operation.

read more... 26/02/2018

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Daily (16.01.2018): Brent crude settled close to a 3-year peak above $70 a barrel on tightening supplies

Oil prices jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

read more... 16/01/2018

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