ConocoPhillips might exit the Kashagan project: Oil Minister
The Minister elaborated that “no official announcements have been made”.
Rompetrol fully switched to Euro-5 fuel production
Rompetrol has successfully completed modernization of Petromidia oil refinery and switched to production of Euro-5 fuel.
Chevron pays $17.5 mn fine for Brazil spill
US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday.
Nazarbayev wants clear and definite solutions for oil and gas sector
Nursultan Nazarbayev has held a meeting on development of oil and gas sector in Kazakhstan.
Hopes mount for deal as Sudan, South Sudan leaders meet
The leaders of Sudan and South Sudan met late Sunday as international pressure grew to end long-running disputes that have brought the former civil war foes to the brink of renewed conflict.
Astana to host World Petroleum Council meeting
First Petroleum Council will be held during 7th Eurasian Forum KAZENERGY in Astana.
Iraq oil growth slowing would be 'bad news': IEA economist
The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world.
Oil prices hit four-month peaks on Fed stimulus
Global oil prices soared Thursday to new four-month highs, as the US Federal Reserve announced a new round of quantitative easing to stimulate the flagging economy.
Kazakhstan and South Korea to jointly explore Zhambyl oilfield in Kazakhstan’s Caspian offshore
The two sides will start constructing the gas processing and chemicals producing facility in Atyrau ahead of schedule
Vietnam may join Kazakhstan in oil production
A memorandum of understanding was signed by KazMunaiGas and PetroVietnam.
2013 production of crude and condensed gas forecasted at 82 million tons
In 2011 Kazakhstan produced 80 million tons of crude and condensed gas; plans are there to produce 81 million tons this year.
Advanced oil processing center will be built in Atyrau in 2015
The 'first brick' has been laid in the foundation of the center in Atyrau refinery on Monday.
Carrying capacities of Kazakhstan’s export oil pipelines to be expanded to 100 million tons a year by 2020
The current carrying capacities of all the Kazakhstan’s export oil pipelines stand at 66 million tons a year.
Brazil to deploy world's first floating oil terminal
Brazil's state-owned energy giant Petrobras said Tuesday it will deploy the world's first floating oil terminal capable of refueling tankers on the high seas.
Fire at Venezuela oil refinery spreads
A devastating fire at Venezuela's main oil refinery, which has already left 48 people dead, spread Monday to a third fuel storage tank, complicating the difficult task facing firefighters.
Commercial production at giant oilfield Kashagan to start in spring 2013
The decision was taken not to start the production amidst severe winter conditions.
Russia's Transneft accused Kazakhstan colleagues of dumping
However, there is no information of any certain deals between Russian and Chinese companies on oil supplies.
Atyrau oil refinery getting more money
Atyrau oil refinery is getting another major loan for construction of its advanced oil processing center.
Faded US stimulus hopes weigh on oil prices
Oil prices were mixed Thursday amid fresh doubts about hoped-for US Federal Reserve stimulus and a bleaker energy demand outlook in China and Europe.
Romney sees more oil drilling on US land and offshore
White House hopeful Mitt Romney will unveil an energy plan that would empower US states to control drilling on federal lands.