Head of NCOC, Kashagan operating company, to resignA full-scaled resumption of crude production at the giant Kashagan oilfield should be expected at the end of 2015, Yves Louis Darricarrere, President of the Exploration & Production Division at Total SA, said earlier.
24 April 2014
Pirates kidnap three on Singapore tanker off MalaysiaArmed pirates boarded a Singapore-managed oil tanker in the Strait of Malacca, kidnapping three Indonesian crew and stealing some of the vessel's shipment of diesel fuel, the International Maritime Bureau said.
23 April 2014
Iran oil exports rise to 1.2 mn barrels per dayIran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
Chevron, YPF ramp up Argentina shale investmentUS oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
In 2013 Kazakhstan sent biggest volume of crude to ItalyIn 2013, Italy accounted for 27% of Kazakhstan’s crude exports, followed by China (17%), the Netherlands (13%), France (9%), Austria (7%): Oil Minister Uzakbai Karabalin.
07 April 2014
Oil Minister Uzakbai Karabalin on KashaganOver 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.
Nigeria arrests two Britons over 'oil theft plot'Two British nationals were among 14 people arrested on suspicion of attempted bribery in connection with an alleged plot to steal oil from a pipeline, Nigeria said.
NCOC and Agip to dispute Kashagan fineNCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.
Crude prices up after Crimea referendumOil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.
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