Oil

Apache Corporation will release first-quarter results on its website at www.apachecorp.com and investor.apachecorp.com as well as on Twitter at 7:00 a.m. Central time Thursday, May 4, 2017, followed by a conference call to discuss its results at 1 p.m. Central time.

Formosa Petrochemical's 600,000 t/yr Group II base oil unit has halted operations because of a mechanical glitch. The plant is scheduled to resume operations at end April.

It is now half time for the six-month oil production cuts agreed by OPEC and eleven non-OPEC countries.

The Bugulminsky Mechanical Plant of TATNEFT Company completed the manufacture of sections for air cooling vessels under a special order for JSC “OHK "UralKhim".

State-sponsored programme sees Gazprom Neft, together with the Moscow Institute of Physics and Technology, develop new technologies for developing hard-to-recover reserves

The OPEC Secretariat and the United Arab Emirates Ministry of Energy are pleased to announce the launch of the first phase of the Oil and Gas Big Data Project.

TATNEFT Company won in the open tender of the Ministry of Education and Science of the Russian Federation to select organizations for the right to receive subsidies for the implementation of complex projects to create high-tech production facilities.

Indian conglomerate Essar will close the sale of a majority stake in its 400,000 b/d Vadinar refinery to Russian investors between 20-30 April.

South African president Jacob Zuma has appointed Mmamoloko "Nkhensani" Kubayi as the country's new energy minister, replacing Tina Joemat-Petterson.

Drilling of four wells were completed in March, and 17 new wells were put into operation after the construction since the start of the year.

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, shipped the first batch of casing pipe with TMK UP MAGNA premium threaded connections and GreenWell lubricant-free coating to LUKOIL.

OPEC Secretary General, HE Mohammad Sanusi Barkindo, and a delegation from the OPEC Secretariat, met in Baghdad separately with the President of Iraq, HE Dr. Fuad Masum and other high-level officials.

Nigerian state-owned NNPC has backed a government plan to involve illegal refiners in the development of new modular oil refineries