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Japanese University Professor Conducts Seminar at Baku Higher Oil School
Four-day seminar on Enhanced Oil Recovery (EOR) has commenced at Baku Higher Oil School (BHOS). It is organised upon initiative of INPEX with organisational support from BHOS and SOCAR UPSTREAM Manage...
5/25/2017 - Oil & Gas Companies - Azerbaijan
NIOC & Tubacex Ink 1st Post-Sanctions Deal
The National Iranian Oil Company (NIOC) signed Iran's first oil contract with an international consortium comprising Spain's Tubacex and Isfahan Steel Company in the post-sanctions setting. ...
5/24/2017 - Investment - Iran
China’s First Successful Pilot Production of Marine Natural Gas Hydrates
The Ministry of Land and Resources of the People’s Republic of China held an on-the spot meeting at the Blue Whale 1 semi-submersible drilling rig in the Shenhu Area of the Northern South China Sea to...
5/23/2017 - Production - China
A Number of Cooperation Agreements Signed between CNPC & Its Partners
On the occasion of the “Belt and Road Forum for International Cooperation”, CNPC entered into a number of agreements with its partners to deepen and expand cooperation in project financing, pipeline t...
5/22/2017 - Oil & Gas Companies - China
Aramco Signs $50B Agreements with US Companies during Trump's Visit
Saudi Aramco signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts ...
5/20/2017 - Investment - Saudi Arabia
Hassan Rouhani Wins Another Term as President of Iran
Incumbent president Hassan Rouhani won with resounding majority against his rival Ebrahim Raisi with 57 percent of the vote, to extend his time in office. ...
5/20/2017 - Executive Recruiting - Iran
Igor Sechin Took Part in the Opening of Rosneft’s Office During his Working Visit to Germany
Rosneft Chief Executive Officer Igor Sechin made a working visit to Germany where he held a number of meetings with representatives of the business community of the country and took part in the openin...
5/19/2017 - Oil & Gas Companies - Russia
School of Project Management launched at Baku Higher Oil School
Baku Higher Oil School (BHOS) hosted an official opening of School of Project Management (SPM), which is jointly set up by BHOS, BP in Azerbaijan and TwentyEighty Strategy Execution company. The cerem...
5/19/2017 - Project & Resource Management - Azerbaijan
Gas Export Negotiation Between Venezuela & Trinidad and Tobago
Petroleos de Venezuela, S.A. (PDVSA) and Shell assessed the progress of negotiations for the export of gas from Venezuela to Trinidad and Tobago and the completion of Dragon Field Accelerated Product...
5/19/2017 - Natural Gas - Venezuela
SOCAR Launches Next Filling Station in Romania
SOCAR successfully realises investment projects in Romania and expands it filling stations network in the country. The Company has put into operation its second petrol station in Bucharest, capital o...
5/19/2017 - Production - Azerbaijan
Students of Baku Higher Oil School Take Part in Microsoft Imagine Cup 2017
Team of Baku Higher Oil School (BHOS) entitled “Oilman” is participating in the regional finals of Microsoft Imagine Cup 2017, which is held from May 17 to May 19 in Kiev, Ukraine. The Imagine Cup 201...
5/18/2017 - Oil & Gas Companies - Azerbaijan
Angola's Sonangol Cancels Auction for Eight Oil Blocks
Angola's state oil company Sonangol has cancelled an auction of oil exploration licences for eight blocks, blaming the drop in oil prices since the bidding opened. "The remarkable drop in the price of...
5/18/2017 - Exploration - Angola
Gazprom Neft’s Investigation of The Bazhenov Formation is Awarded the Status of a National Project
The Ministry of Energy of the Russian Federation has approved Gazprom Neft’s application for its project on “Developing Domestic Technologies and High-technology Equipment to Develop Reserves at the B...
5/17/2017 - Oil & Gas Companies - Russia
Round Table on Oil-Gas Cooperation Held within One Belt - One Road Concept in Beijing
A round table meeting on oil and gas cooperation within the One Belt - One Road concept was held at the headquarters of the China National Petroleum Corporation (CNPC) in Beijing. ...
5/17/2017 - Oil & Gas Companies - Azerbaijan
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni
Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesd...
5/17/2017 - Oil - Egypt
Rosneft & Eni to Extend Cooperation in Russia and Abroad
Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was si...
5/17/2017 - Development - Russia
Rosneft & Tecnoclima S.p.A. Agree on the Supply of Climatic Equipment for Drilling Rigs
Rosneft and Tecnoclima S.p.A. entered into a Cooperation Agreement on the supply, modernization and maintenance of heating and ventilation systems for drilling rigs during a visit of the Italian deleg...
5/17/2017 - Drilling Equipment - Russia
Rosneft & Pietro Fiorentini Agree on Industrial Cooperation
Rosneft Oil Company and Pietro Fiorentini S.p.A entered into an Industrial Cooperation Agreement during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin...
5/17/2017 - Testing - Russia
Rosneft Expands Cooperation in the Field of Education and Science
In the course of a visit of an Italian delegation to Russia, Rosneft entered into two trilateral Agreements with MGIMO (Moscow Institute of International Relations), Gubkin Oil and Gas Institute and P...
5/17/2017 - Oil & Gas Companies - Russia
Gazprom Neft Increases Direct Sales of Aviation Fuels by 3% in Q1 2017
Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has retained its leading position on the Russian market in terms of Q1 2017 direct sales, with the company making “wing-tip...
5/17/2017 - Fuel oil - Russia
SOCAR President Visits Uzbekistan
SOCAR President Rovnag Abdullayev visited the 21st Oil & Gas Uzbekistan/OGU 2017 International Exhibition and Conference in Tashkent. ...
5/17/2017 - Oil & Gas Companies - Azerbaijan
China's Norinco & Saudi Aramco Line Up $10B Refinery Plan
Chinese defence conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast...
5/16/2017 - Oil Treating & Refining - China
Gazprom Neft Hydraulic Fluids Become the First Russian Products to Be Approved
Gazpromneft Lubricants — operator of the Gazprom Neft lubricants business — has secured official endorsement from Bosch Rexroth for its premium-class hydraulic oils produced under the Gazprom Neft bra...
5/16/2017 - Lubricants, Oils & Greases - Russia
Kingdom Opens Investment Chances to Korean Businesses
Nearly 40 Korean companies and 100 participants recently attended the “Downstream Manufacturing Opportunities in Saudi Arabia” forum in Seoul, South Korea, as a way to promote investment opportunities...
5/15/2017 - Investment - Saudi Arabia
Puerto La Cruz Refinery Conversion to Receive New Financing from Hyundai
The president of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, received a high-level delegation from Hyundai Engineering & Construction, the main contractor for the Deep Conversion Project at ...
5/15/2017 - Financials and Investment - Venezuela
Sinopec Willing to Double Foreign Investment to More Than $30 Billion
China’s giant state-owned oil and gas firm Sinopec is planning to splash big money into a continued expansion abroad to shore up access to energy resources as Beijing touts its main foreign policy ini...
5/15/2017 - Investment - Iran
Important Documents Signed on SOCAR GPC Project in Beijing
Azerbaijani delegation takes part in the high-level international forum within ‘One Belt - One Road’ strategy started on May 14, in Beijing. The forum is attended by heads of state and government of 2...
5/15/2017 - Gas Processing - Azerbaijan
Rosneft Took Part in the Ceremony of Load out Barge Keel Laying
During a working visit to China, Rosneft Chief Executive Officer Igor Sechin took part in a ceremony of laying the keel of a load out barge for a modern shipbuilding complex Zvezda being constructed i...
5/13/2017 - Oil & Gas Companies - Russia
Gazprom Neft Acquires License to Develop the Novosamarskoye Field
Gazprom Neft has acquired a subsoil usage licence for the Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subs...
5/12/2017 - Acquisitions and Divestitures - Russia
Gazprom Neft Acquires License to Develop the Novosamarskoye Field
Gazprom Neft has acquired a subsoil usage licence for the Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subs...
5/12/2017 - Acquisitions and Divestitures - Russia
NIOC Signs Feasibility Study MOUs with OIEC & MAPNA
National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. ...
5/9/2017 - Engineering - Iran
ISESCO Director General visited Baku Higher Oil School
Director General of the Islamic Educational, Scientific and Cultural Organisation (ISESCO) and Secretary General of Federation of the Universities of the Islamic World of the ISESCO Abdulaziz Othman A...
5/8/2017 - Oil & Gas Companies - Azerbaijan
PDO Awards $780M Key Contracts to Omani Firms
Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO 300 mln to Omani businesses for work in the north of its operations in the Sultanate. ...
5/7/2017 - Mechanical Works - Oman
Five-Millionth Tonne of Oil Produced at Novoportovskoye Field
Total cumulative oil production at the Novoportovskoye field has now reached five million tonnes, the landmark tonne of crude being shipped by Gazprom Neft subsidiary Gazpromneft-Yamal on the Shturman...
5/5/2017 - Production - Russia
5th Scientific and Technical Conference Concluded its Work at BHOS
The 5th Student Scientific and Technical Conference dedicated to the 94th anniversary of national leader Heydar Aliyev concluded its work at Baku Higher Oil School (BHOS). The conference closing cerem...
5/5/2017 - Oil & Gas Companies - Azerbaijan
Major Equipment for New Euro+ Catalytic-Cracking Facility at Moscow Refinery Now Installed
Installation of a key element for the Euro+ combined oil refining unit (Euro+ CORU) at the Gazprom Neft Moscow Refinery is now complete. The installed reforming column — part of the secondary oil refi...
5/4/2017 - Oil Treating & Refining - Russia
SOCAR-AQS Beat Another Record in Drilling Industry of Azerbaijan
SOCAR-AQS successfully continues drilling works on well #78 from deep-water fixed platform #6 located in Bulla field. Target depth of the well is 5900 m. ...
5/3/2017 - Drilling - Azerbaijan
Drilling Works for April 2017
SOCAR (excluding Joint Ventures and Operating Companies) conducted 13983 meters of drilling works in April 2017. Of this amount, development drilling made up 12210 metres, and exploration drilling - 1...
5/3/2017 - Drilling - Azerbaijan
Above 2 mln tons of Azerbaijani Oil Delivered from Ceyhan Port to World Market in April 2017
2 mln 085 thousand 526 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in April 2017. (1 mln 467 thousand 117 tons of this volume were the oil of the State Oil Fund of the...
5/2/2017 - Oil - Azerbaijan
BTC Transported 2.2 mln tons of Azerbaijani Oil in April
2 mln 242 thousand 574 tons of Azerbaijani oil were transported via BTC main export pipeline in April 2017. 8 mln 724 thousand 383 tons of oil were transported via this pipeline in January-April. In ...
5/2/2017 - Oil and Gas Pipeline - Azerbaijan
Major Enhanced Oil Recovery Projects Still On track
Majority state-owned Petroleum Development Oman (PDO) says it still sees in excess of a quarter of crude oil production coming from Enhanced Oil Recovery (EOR) despite the relatively high capital cost...
5/2/2017 - Enhanced Oil Recovery - Oman
G-Energy Motor Oils Advertising Campaign Honoured at Effie Awards Russia
An advertising campaign for G-Energy motor oils — “The vocal impressionist: adapting to any situation” has been recognised at the Effie Awards Russia 2017 — Russia’s leading awards for achievements in...
5/2/2017 - Oil & Gas Companies - Russia
Iran Seeking Total for LNG Exports to EU
Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe...
5/2/2017 - LNG Processing - Iran
Gazprom Neft Acquires Licenses to Develop Two Fields in The Yamalo-Nenets Autonomous Okrug
Gazprom Neft has acquired development rights to two new assets — the Tazovskoye and Severo-Samburgskoye fields — in the Yamalo-Nenets Autonomous Okrug. Subsoil usage rights to the Tazovskoye block run...
5/2/2017 - Acquisitions and Divestitures - Russia
Oil India Makes Two Oil Discoveries in Upper Assam Basin
Oil India Limited (OIL), India’s second largest National Exploration & Production Company, through its exploratory efforts has made 2(two) Hydrocarbon Discoveries in the Moran Petroleum Mining Lease (...
5/1/2017 - Exploration - India
Crude Oil & Oil Products Export for April 2017
In April 2017, SOCAR has exported 84 793 tons of crude oil from Novorossiysk port, 174 579 tons from Supsa port, 1 467 117 tons from Ceyhan port.Generally, 489 206 tons of crude oil were exported from...
5/1/2017 - Crude Oil - Azerbaijan
Crude Oil Prices in April 2017
In April 2017, price for Brent crude oil in the world market was $52,54 per barrel, Urals oil - $51,75 and BTC FOB Ceyhan crude oil - $53,83.
5/1/2017 - Financials and Investment - Azerbaijan
Qatar Petroleum Increases Qatar’s Petrochemical Industries Production
In a move aimed at supporting Qatar’s petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane, which is used as feedstock, to a number of subs...
4/29/2017 - Petrochemicals - Qatar
President of Botas International Limited Visited BHOS
President of Bota? International Limited company (BIL) Erdogan Tozan and Finance and Administration Director of the company Ahmet Akin visited Baku Higher Oil School (BHOS) and met with BHOS Rector El...
4/27/2017 - Oil & Gas Companies - Azerbaijan
Q1 2017 Production of High-Performance Gasolines at Omsk Refinery Up 11% Year-On-Year
Q1 2017 results show Gazprom Neft’s Omsk Refinery produced 1.44 million tonnes of high-octane gasolines during that period — a year-on-year increase of 11.1 percent. Production of premium-brand Premiu...
4/26/2017 - Production - Russia

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