Total E&P Russie, a 100% affiliate of Total group, has transferred a 20% participating interest in and the operatorship of the Production Sharing Agreement for the Development and Production of Oil in the Kharyaga Field (Kharyaga PSA) to Zarubezhneft-Production Kharyaga LLC, a subsidiary of Zarubezhneft JSC.

The $10bn Tapi project is aimed to carry 33bn m³/yr of gas to the participant countries by 2021. Ashgabat has an 85% stake in the challenging project, which equates to one third of the country's total yearly budget.

“Indeed, youth seeds yield high crops. Our program activities were developed as pilots, but they are also a source of good practices and lessons to be used as a rich ground for the development of new joint World Bank and donor partners projects,”

“We’re facing a chance of a lifetime to become a global pricing center for commodities,” Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the Shanghai Futures Exchange’s annual conference in the city on Wednesday. “On the way to realize this goal, we’ll see very intense competition. We have the advantage of trading size and economic growth, but our legislation is still not sound and we lack enough talent.”

Over the last decade “many solutions had been tested and some, such as Europe’s Emissions Trading System (ETS), were only partially successful.”

Thanks to industry innovation and technological advancements, we’ve transitioned from an era of energy scarcity to an era of energy abundance. The new challenge is to keep moving forward, not backward. We must continue to think long term - continue to ensure access to new areas for safe and responsible energy development, and invest in reliable energy infrastructure - to protect U.S. consumers, businesses and national security for generations to come.

Банкиры ожидали, что эмиссия Катара составит около $5 млрд. Доходность пятилетних катарских облигаций на $3,5 млрд оказалась на 120 базисных пунктов (б. п.) выше, чем у казначейских облигаций США; 10-летних на $3,5 млрд – на 150 б. п.; 30-летних на $2 млрд – на 210 б. п.

It was the sixth time Russia has moved to the top spot as China's crude supplier, since capturing that spot for the first time in May, 2015.

Nord Stream 2 – консорциум будущих акционеров проекта, куда входят «Газпром», BASF/Wintershall, Uniper, Engie, OMV и Shell. «Северный поток – 2» протяженностью около 1200 км пройдет по дну Балтийского моря от российского побережья до Германии. Пропускная способность двух ниток – 55 млрд куб. м в год, он должен вдвое увеличить мощность газопровода «Северный поток» .

With most companies indicating continued reductions in E&D budgets absent a meaningful increase in crude oil prices, proved reserves additions will likely continue to decline.

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased 4.2 million bbl during the week ended May 20 compared with the previous week’s average

U.S. exports of LPG to Asia are hitting their highest rates ever this year and exacerbating the usual seasonal May-July pick-up in use of the fuel in cracking plants.

China’s Yantai Xinchao Industry Co. is pursuing U.S. oil acquisitions worth as much as $1 billion in the Permian Basin, and it won’t be satisfied letting others run the show, according to the head of the company’s U.S. subsidiary.

Russia plans to increase oil production to 540 million tonnes (10.8 million bpd) or more this year, from 534 million tonnes in 2015.

The parties discussed the implementation of a joint project, the Amatitlán Block which LUKOIL entered on the terms of a service contract with a 50% interest in July 2015, and the company’s participation in forthcoming bidding rounds. This resolution was positively received by the Government of Mexico.