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Kazakhstan Parliament ratifies agreement on Russian oil transportation to China via Kazakhstan Kazakhstan’s Senators have ratified the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.

11 July 2014

Oil recovery efficiently to spike 12% in Kazakhstan's west Oil recovery efficiency will be increased from the current 31% to 43% at oilfields in Mangistau Oblast through use of new technologies.

07 July 2014

Oil extends losses on return of Libyan supplies Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.

03 July 2014

Kashagan pipes replacement to increase costs eightfold: expert 700 percent is the estimated increase in the original cost of the Kashagan oil field project after the complete replacement of its pipelines.

01 July 2014

Pavlodar Petrochemical Plant closes down for overhaul Pavlodar Petrochemical Plant (PPP) has closed down for scheduled repair works.

26 June 2014

US allows oil exports for 1st time since 1970s: WSJ The US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported.

25 June 2014

Chevron, Lukoil eyeing new project in Kazakhstan Chevron, Lukoil and other major companies are eyeing a new Eurasia Project in Kazakhstan, an oil production project in the Caspian Lowland.

19 June 2014

Consortium and Kazakh government agree on stages of Kashagan development Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.

18 June 2014

Transition to new Kashagan operator started in May: NCOC North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.

18 June 2014

Shell reduces holding in Woodside Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.

17 June 2014

Pentagon temporarily grounds F-35 fighter jets The US military temporarily grounded its entire F-35 Joint Strike Fighter jet fleet at the weekend after an apparent engine oil leak, the latest glitch for the much-vaunted program.

16 June 2014

John D. Rockefeller great-grandson dies in plane crash Richard Rockefeller, great-grandson of US oil tycoon and philanthropist John D. Rockefeller, died Friday in a plane crash in New York. He was 65.

14 June 2014

Russian oil to reach China via Kazakhstan The Lower House of the Kazakh Parliament (Majilis) has adopted a draft law to ratify the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.

11 June 2014

Exxon may take over as Kashagan operator Exxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.

07 June 2014

Two hurt in Shell plant blaze in the Netherlands A massive explosion at a Shell oil plant in the Netherlands followed by a fire left two people injured Wednesday, authorities said.

04 June 2014

El Salvador joins cut-rate oil grouping El Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.

03 June 2014

Pirates free Indonesia-bound Thai tanker after cargo theft Pirates have released an Indonesian-bound Thai tanker after stealing its oil cargo, in the latest attack in Southeast Asian waters, the International Maritime Bureau said.

02 June 2014

Venezuela to repay $2 bn of debt to local importers Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.

31 May 2014

Norway removes Greenpeace ship from contested Arctic drill site Norwegian coastguards on Friday removed a Greenpeace ship from a controversial Arctic drilling site where it was trying to prevent oil explorations, the environmentalist group said.

31 May 2014

Spain okays Repsol plan for Canary Islands exploration The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

30 May 2014

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