Vietnam has jailed four former heads of state-owned shipbuilder Vinashin for terms of up to 17 years over abuse of power and embezzlement, state media said on Thursday, as the Southeast Asian nation cracks down on graft.
The exit of Latvia, Lithuania and Estonia from the Russian-Belarusian energy system should happen in an orderly fashion and without any risk to all participants, including Kaliningrad, Vice-President of the European Commission for the Energy Union Maros Sefcovic said.
The Sarir oilfield in Libya has lost 30,000 barrels per day (bpd) in output due to a power generator fire.
Greenpeace activists said on Sunday they halted the progress of an oil rig destined for BP Plc’s North Sea exploration programme off the coast of Scotland.
The authorities of Republika Srpska (one of the two political entities of Bosnia and Herzegovina) and Russia’s Gazprom have agreed to supply gas to the entity. The project will be launched this fall, TV channel RTRS reported on Saturday.
Gazprom Neft and Shell signed an agreement at the St. Petersburg International Economic Forum to create a joint venture on parity basis for the development of the licensed areas in the Yamalo-Nenets Autonomous District, the Russian company said in a statement on Thursday.
Saudi Arabia’s King Salman said on Saturday that attacks on Saudi oil assets last month by Iran-backed groups are a threat to global oil supplies and regional security.
Olabode Johnson, President of the Petroleum and Natural Gas Senior Staff Association of Nigeria dies suddenly after headache. He was opposing the privatisation of NNPC.
Russian oil major Lukoil is implementing a program for the repurchase of shares from the market at an accelerated pace, and may consider the parameters of the new repurchase after August, said Lukoil First vice-president Alexander Matytsyn in a teleconference with investors on Thursday.
Gazprom has appealed to the Luxembourg Court of Appeal against the execution of the Stockholm arbitration decision on gas transit in a dispute with Naftogaz of Ukraine.