TATNEFT Company took part in the second National Oil and Gas Forum. More than 1,200 oil and gas industry experts from all over Russia, foreign guests, numerous representatives of public and media got together in the congress hall of the World Trade Center at Krasnopresnenskaya Embankment Moscow.
The price of Brent crude oil has fallen $3.60 - 4.4% - to $77.52, its lowest level for four years.
In an era of increasingly difficult, turbulent markets and frontiers for oil and gas industry, Afghanistan presents a new potential market; perfectly situated within its oil and gas resource rich neighbours. As a result, the inaugural Afghanistan Oil Conference was held in Dubai by International Business House (IBH) on 24-25 September 2014. The event provided a unique and timely reminder of the future potential of the upstream and downstream possibilities within Afghanistan's energy sector.
Rosneft's Chief Executive Officer Igor Sechin reported that the company is considering teaming up with its long-standing partner, ExxonMobil, in tapping oil and gas in Iraq. It it may seek an alliance with ExxonMobil or other partners in Iraq and double its Russian gas market share by 2020, boosting its credentials as the world's largest listed crude producer.
UPS announced the accelerated growth of its alternative vehicle fleet with plans to purchase approximately 700 liquefied natural gas (LNG) vehicles and to build four refueling stations by the end of 2014. Once completed, the LNG private fleet will be one of the most extensive in the U.S.
The North Sea is set to end its seemingly terminal decline over the next few years, with new entrants and better technology set to push production up by about a third to 2 million barrels a day by 2017.
West Texas Intermediate crude fluctuated as U.S. equities rose for a third day and data from China and Europe signaled a slowdown in global manufacturing.
Oil topped $112 per barrel on Tuesday as investors awaited evidence of economic growth in top energy consumer China.
The Organisation of Petroleum Exporting Countries (OPEC) will cut crude shipments this month by 1 per cent as demand tapers off after peaking for the northern hemisphere winter, Bloomberg quoted tanker tracker Oil Movements to have said