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OPEC and non-OPEC Ministerial Meeting
Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries…
Commission Welcomes Agreement to Ensure Compliance of Intergovernmental Agreements in Energy with EU Law
Negotiators of the European Parliament and the Council agreed two days ago on having Intergovernmental Agreements in the field of gas and oil assessed by the Commission before they are signed. According to the new rules, Member States will have…
Glavgosekspertiza Approves Construction of a Process Condensate Purification Facility at the Gazprom Neft Omsk Refinery
A project for the construction of a process condensate purification facility at the Gazprom Neft Omsk Refinery has been approved by federal agency Glavgosekspertiza Russia. This project is part of a wide-ranging environmental programme at the Omsk Refinery, involving the…
Adani Coal Mine: Green Groups Fume over Plan for $1b Federal Loan
The environmental movement is up in arms over a move towards federal funding of up to $1b for a railway that will serve Adani’s proposed Queensland coal mine. A $2.2b rail link to Adani’s huge Carmichael mine in the untapped…
OMV Group Report January – September and Q3 2016
“OMV continues to deliver on its strategic targets. We further optimized our portfolio by selling a 49% stake in Gas Connect Austria, the gas transportation business. This will bring us sales proceeds of EUR 601 mn at closing in Q4…
Report: China Risks Wasting $500bn On Unneeded Coal Plants
China is at risk of wasting almost half a trillion dollars on new coal plants which could quickly become stranded assets as a result of the country’s pursuit of a lower carbon economy. That is the conclusion of a new…
Gazprom and Russian producers of pipes and steel sign scientific and technical cooperation programs
Two scientific and technical cooperation programs for the period 2016 through 2021 were signed few days ago at the Gazprom headquarters, with one program inked by Gazprom, Magnitogorsk Iron & Steel Works, and TMK, and the other by Gazprom, Magnitogorsk…