Latest news
Russia and Saudi Arabia are supporting the extension of oil production cuts until March 2018
The world’s biggest oil producers – Russia and Saudi Arabia – agreed on Monday that the oil output cut deal should be extended for another 9 months in the hope to push up the prices.
read more... 16/05/2017
French and US utilities join together to sell LNG
French and US utilities have teamed up to sell liquefied natural gas (LNG) in Central America. ENGIE and AES will use the Costa Norte LNG terminal presently under construction in Panama.
read more... 15/05/2017
Malaysia: Petronas aims new markets for LNG
Malaysian oil company Petronas is targeting new markets to sell liquefied natural gas, including as fuel for vessels, the manager of its upstream operations told Reuters on Monday.
read more... 09/05/2017
Russia: Oil production was cut more than required in OPEC agreement
Russia’s Energy Ministry announced on Wednesday that the country’s oil production was 300,790 barrels per day (bpd) on the 1st of May, which is below the level registered in October and far less than requested under the OPEC agreement.
read more... 05/05/2017
Poland signed the deal with U.S. for the first LNG deliveries to start in June
This week, Polish gas firm PGNiG signed with U.S. Cheniere Energy the deal to import the American LNG.
read more... 27/04/2017