Introduction The collapse of deepwater drilling in the Gulf of Mexico, (GoM) beginning in 2014, with no real recovery yet in sight, has spread a lot of misery around the oilfield. Nowhere is that more evident than in the fortunes of Carbo Ceramics, NYSE: CRR. A former oilfield high flyer, Carbo, whose stock crested in 2014 at $154.30 per share, now trades under $2.00 per share. Yahoo Financial Their legacy is that of the provision of high technology of crush-resistant ceramic beads used to prop open fractures created in oil and gas formations by…
It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline westward to Europe in the second half of May, analysts and traders say the progress is very slow while costs could be very high. Last month, Russia halted supplies via the Druzhba oil pipeline to several European countries due to a contamination issue, which the Russians say was deliberate. Refineries in Belarus, Poland,…
The US Department of State positively assesses the signing of the Convention on the Status of the Caspian Sea last year and urges Turkmenistan to take advantage of the agreements reached by the Caspian states to join the Southern Gas Corridor (SGC), which will give this country positive impetus for development, Deputy Assistant Secretary for the Energy Diplomacy of the Department of State Bureau of Energy Resources Sandra Oudkirk told RIA Novosti on the sidelines of the Caspian Forum, Trendreports.
Azerbaijan has done everything to protect Arsenal player Henrikh Mkhitaryan, who refused to participate in the UEFA Europa League final match in Baku, Azerbaijani Minister of Youth and Sports Azad Rahimov told CNN Sport, Trend reports May 25.
A loose network of Russians is using quasi-legal arguments to evade laws and taxes. At banks, police stations, and inside courtrooms across the country, people calling themselves "citizens of the U.S.S.R." demand their right to impunity before the Russian legal system.
An official meeting on the results of large-scale operational-tactical exercises was held under the leadership of the Azerbaijani Minister of Defense Colonel General Zakir Hasanov, Trend reports referring to the Defense Ministry of Azerbaijan.
Afghanistan is interested in increasing imports and expanding the range of oil products from Azerbaijan, Afghan Commerce and Industry Minister Ajmal Ahmadi said at the meeting with President of Azerbaijan's state oil company SOCAR Rovnag Abdullayev as part of his visit to Azerbaijan, Trend reports.
The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $70.9 per barrel at Italian port of Augusta on May 23, which is $3.3 less than on May 22, a source representing Azerbaijan's oil and gas market told Trend.
First Vice-President of the Republic of Azerbaijan Mehriban Aliyeva and Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva have attended the iftar ceremony in Pir Hasan sanctuary, Mardakan settlement, Khazar district, Baku.
Over the past 24 hours, Armenian armed forces have violated the ceasefire along the line of contact between Azerbaijani and Armenian troops 20 times, the Azerbaijani Defense Ministry said on May 25, Trend reports.
Argentina is happy with the level of bilateral relations with Azerbaijan, Ambassador of Argentina to Azerbaijan Sergio Osvaldo Perez Gunella said in Baku at an event dedicated to the anniversary of Argentina’s independence, Trend reports.