GAZPROM WILL CAN
Gazpromneft-Aero, the operator of Gazprom Neft's aviation fuel business, and leading global supplier of aviation fuels Shell Aviation signed an agreement that will allow partner airline companies of Gazpromneft-Aero to refuel at airports where Shell operates a jet fuelling business, benefiting from Shell Aviation's global network.
The agreement will allow Gazpromneft-Aero to provide its partner airlines with greater cooperation and a high level of service in foreign airports across the world.
"Cooperation with Shell Aviation which has a strong focus on operational excellence and customer satisfaction is an important step in the development of international business of Gazpromneftt-Aero. Airlines that have framework agreements with our company will receive timely refills of quality fuel, guaranteed high level services at airports around the world, as well as transparent pricing conditions, even in the high season of passenger traffic. I am confident that airline partners will appreciate the new features introduced in connection with the expansion of the geography of cooperation with Gazpromneft-Aero, which will strengthen the company's position in the international market ", - said General Director of Gazpromneft-Aero Vladimir Yegorov.
Xinsheng (Sheng) Zhang, Vice-President of Shell Aviation, said "We are pleased by this new agreement and to collaborate with Gazpromneft-Aero in the further strengthening of its international business. We look forward to serving Gazpromneft-Aero customers through our global network, where they will be able to benefit from Shell Aviation's high level of operational excellence, technology innovation, industry-leading standards on safety and fuels quality, and the support of our professional teams across the world."
|October, 15, 12:30:00|
|October, 15, 12:25:00|
|October, 15, 12:20:00|
|October, 15, 12:15:00|
|October, 15, 12:10:00|
|October, 15, 12:05:00|
GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.