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CASPIAN PIPELINE
Fuel reservoir hit at Russia's Primorsk, NORSI refinery on fire after drone attacksRussia's energy infrastructure faced new attacks. Fuel leaked at the Primorsk port after shrapnel hit a reservoir. Separately, a drone stri...- Two oil tankers attacked near key CPC loading terminal in the Black SeaTwo oil tankers were attacked near the Caspian Pipeline Consortium's Black Sea loading terminal, a key export route for Kazakh crude. The s...
- Oil extends gains on strong US demand hopes, Russia supply concernsOil prices rose on Friday, heading for a weekly gain due to falling inventories of U.S. gasoline and distillate indicating strong demand. C...
- OVL completes acquisition of Equior's stake in Azerbaijan oilfield for $60 mnONGC Videsh Ltd completes the acquisition of a 0.615% stake in Azerbaijan's ACG oilfield and a 0.737% share in the BTC pipeline from Equino...
- ONGC acquires Equinor stake in Azerbaijan oilfields for USD 60 mnONGC Videsh will acquire Equinor's 0.615% stake in ACG oil field and 0.737% in BTC pipeline for $60 million, adding to its 2.31% ACG and 2....
- Oil mixed as market weighs tight supply against recession jittersBoth contracts posted weekly declines last week as the market was dominated by worries that rising interest rates to curb inflation would s...
- India to assess viability of crude oil import from KazakhstanTransporting oil from Kazakhstan will involve taking it to Iran via Caspian Sea or land route.
- ONGC Videsh Ltd to raise $1 billion to fund Azeri acquisitionThe company, which gets most of its funds from its parent firm, has already appointed merchant bankers for raising the debt, a source said.
- OVL completes acquisition of 2 Caspian assetsUS energy firm Hess Corporation has completed the $1-billion sale of its stakes in oil-rich Chirag and Guneshli fields to ONGC Videsh (OVL).
- ONGC Videsh's plan to buy assets in Azerbaijan gets nod“The acquisition shall provide OVL, oil production of about 1 million tonnes per year for about a decade,” the oil ministry said after the ...
- Cabinet Committee on Economic Affairs approves OVL's $1 billion Azerbaijan acquisitionThe Cabinet Committee on Economic Affairs (CCEA) today approved ONGC Videsh Ltd's acquisition of stake in an Azerbaijan oilfield for $ 1.00...
- CCEA to consider approving OVL's $1 bn Azerbaijan acquisitionThe acquisition was subject to government and regulatory approvals and is expected to close by the first quarter of 2013.
- OVL plans to raise $1 bn via dollar bonds issue in Q1 of FY13 to fund its recent acquisition in AzerbaijanONGC Videsh plans to raise about $ 1 billion through a dollar bonds issue early next year to fund its recent acquisition in Azerbaijan.
- BP CEO visits Azerbaijan amid talk of asset salesBP's embattled Chief Executive Tony Hayward is visiting oil-rich Azerbaijan amid speculation the company may sell assets to help pay for th...
- Turkey signs big Europe gas pipe dealTurkey signed a landmark deal with four EU countries on Monday to pipe gas from the Caspian region, reducing Europe's reliance on Russian d...
- India, Turkey, Israel to discuss gas pipelineA plan to pipe oil and gas from Turkey to Israel and then ship it to India will be discussed when officials from the three countries meet s...
- Turkmens set to boost agreed gas supplies to ChinaEnergy-rich Turkmenistan signed a deal to boost its annual delivery of natural gas supplies to China to 40 billion cubic meters, an increas...
- Russia, Kazakhstan to double Caspian oil pipeline capacityRussia and Kazakhstan have agreed to double the capacity of a Caspian region pipeline that should help open up Central Asian oil fields to ...
- Russia wins gas deal, beats rival US planRussia agreed to build a new pipeline to import more natural gas from Turkmenistan, bolstering its dominant hold on supplies to Europe and ...
- IOC, Turkey’s Calik join up for $6bn petchem projectIndian Oil Corporation (IOC) and Calik Energi of Turkey are set to finally roll out their business plan for Turkey.
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