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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

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.

30 May 2014

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.

29 May 2014

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.

27 May 2014

Kazakhstan to value national parks over mineral resources: Baigarin Kazakhstan National Geographic Association urges to protect 30% of Kazakhstani land from economic activity.

26 May 2014

Vice Minister of Oil and Gas on Kashagan According to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.

22 May 2014

Kazakhstan’s oil service market to accommodate $200 billion investments in the following 13 years At least 50 000 jobs will be created to accommodate Kazakhstan’s workforce: Yerlan Muratov, Vice Chairman of the Board at Kazakhstan Engineering National Company.

22 May 2014

Shymkent Oil Refinery modernization to involve 890 foreigners 890 foreign experts will be involved in reconstruction and modernization of the Shymkent Oil Refinery in southern Kazakhstan.

22 May 2014

Philippine, Vietnamese join anti-China street protest Several hundred Filipino and Vietnamese protesters united in a march in the Philippine capital on Friday, demanding that China stop oil drilling in disputed South China Sea waters.

17 May 2014

KazMunaiGas discovers new oil KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.

16 May 2014

Kazakhstan exports 20.383 million tons of crude and condensed gas in the first quarter In monetary terms, the exports figure for the period made up $16.690 billion, 20.7% up against the like period of 2013.

15 May 2014

Petrobras probe on US refinery 'near end' An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.

13 May 2014

Counting losses from Kashagan suspension Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.

11 May 2014

New operating company for Kashagan Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.

08 May 2014

North Caspian Operating Company planning full replacement of pipelines at Kashagan Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.

29 April 2014

Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.

29 April 2014

India to tap in Caspian oil in Kazakhstan India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.

27 April 2014

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