Oil prices rose Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter, but U.S. crude still posted its biggest weekly loss in two months, Reuters reported.
Russian independent gas producer Novatek announced on Wednesday the purchase of two assets from AR Oil & Gas, a joint venture between Spain’s Repsol and Russia’s Neftegazholding, Kallanish Energy learns.
Russian state-owned energy firm InterRAO is mulling the investment of roughly $3 billion over the next five to ten years to upgrade its domestic power plants, board member Ilnar Mirsiyapov told Reuters on Wednesday.
Novatek-led joint venture Yamal LNG announced on Tuesday it will load its first liquefied natural gas (LNG) cargo on Friday, Dec. 8, at the Sabetta port using the first Arc7 ice-class tanker — Christophe de Margerie, Kallanish Energy learns.
OPEC oil output fell in November by 300,000 barrels per day (BPD) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, strong compliance with a supply cut deal and involuntary declines.
Oil climbed on Friday, approaching its highest level in more than two years one day after OPEC and other major producers agreed to continue holding down output until the end of 2018 to try to reduce the global oil glut and boost prices.
Novatek-led joint venture, Yamal LNG, has been granted state permission to commission its first liquefaction train at the 16.5-million-tonnes-per-annum (MTPA) liquefied natural gas (LNG) project above the Arctic Circle.
U.S. officials don’t expect the controversial Russia-to-Germany natural gas pipeline, Nord Stream 2, will be built, U.S. Deputy Assistant Secretary in the Department of State’s Bureau of Energy Resources John McCarrick said Wednesday.