site.news_by_theme Oil

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

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.

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

Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.

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

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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".

Prominent Russian politician Igor Shuvalov talked about benefits of the Eurasian Economic Union in Kazakhstan's Astana.

A 998-tonne oil tanker was listing off the Japanese coast Thursday after a large explosion and subsequent fire that sent towering columns of acrid smoke into the sky.

The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.

Kazakhstan National Geographic Association urges to protect 30% of Kazakhstani land from economic activity.
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