Russia
The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision (FID) to proceed with the expansion of its Afipsky Refinery in the Seversky District of the Krasnodar Territory on southwestern Russia. The Krasnodar Territory lies on the Black Sea east coast, in from of Crimea Peninsula, in […]
$45 billion Alaska LNG FERC approval in progress The major companies ExxonMobil from USA, BP from UK, ConocoPhillips from USA and the midstream specialist TranCanada submitted the first drafts of so called Resources Reports as part of the environmental and project designed reports to be filed in for the Federal Energy Regulatory Commission (FERC) approval […]
India Key Projects and Business Highlights 2014 The Indian oil and gas sector is dominated at 70% by national oil companies (NOCs), the Oil and Natural Gas Corporation (ONGC) and the Oil India Limited (OIL or Oil India) and completed by an active private sector well represented by Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Ltd […]
Gasum to build – operate Finngulf LNG Import Terminal The Finnish midstream company Gasum Oy (Gasum) will build and operate the Finngulf LNG Terminal project in order to import, store liquefied natural gas (LNG) in Finland in connection with the neighboring Estonia on the Gulf of Finland in the Baltic Sea. Since 1860 Gasum is importing […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
