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Pavlodar Petrochemical Plant closes down for overhaul

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

Pavlodar Petrochemical Plant closes down for overhaul
©Reuters/David M. Parrott
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.

US allows oil exports for 1st time since 1970s: WSJ
Photo courtesy of oilnews.kz
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.

Chevron, Lukoil eyeing new project in Kazakhstan
Photo ©REUTERS
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.

Consortium and Kazakh government agree on stages of Kashagan development
©REUTERS
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.

Transition to new Kashagan operator started in May: NCOC
©Reuters/Umit Bektas
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.

Shell reduces holding in Woodside
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.

Pentagon temporarily grounds F-35 fighter jets
Richard Rockefeller. Photo courtesy of heavy.com
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.

John D. Rockefeller great-grandson dies in plane crash
Photo courtesy of kz.china-embassy.org
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.

Russian oil to reach China via Kazakhstan
Kashagan oil field. ©REUTERS
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.

Exxon may take over as Kashagan operator
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.

Two hurt in Shell plant blaze in the Netherlands
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.

El Salvador joins cut-rate oil grouping
Photo courtesy of scmp.com
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.

Pirates free Indonesia-bound Thai tanker after cargo theft
Oil and Energy ministry Rafael Ramirez. ©Reuters/Jorge Silva
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.

Venezuela to repay $2 bn of debt to local importers
©Reuters/Michael Kooren
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.

Norway removes Greenpeace ship from contested Arctic drill site
©Reuters/Sergio Perez
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".

Spain okays Repsol plan for Canary Islands exploration
Photo  ©tengrinews.kz
Shuvalov outlines Eurasian Economic Union timeframe and benefits

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

Shuvalov outlines Eurasian Economic Union timeframe and benefits
Oil tanker listing off Japan after huge explosion

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.

Oil tanker listing off Japan after huge explosion
Photo ©REUTERS
New operator for Kashagan to be launched by September 2014

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

New operator for Kashagan to be launched by September 2014
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Kazakhstan to value national parks over mineral resources: Baigarin

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

Kazakhstan to value national parks over mineral resources: Baigarin