Companies

There was no immediate comment from Repsol on whether the MoU'.s focus would be predominantly on oil. or both on oil and gas.

Total. which will take over the field operation from Maersk Oil on July 14. plans to invest $2 billion in expanding the field over the next five years.

The integration of the Russian businesses will be completed upon receipt of Russian regulatory approval.

In 2016. Russian gas exports to Hungary totaled 5.7 billion cubic metres.

The new pipeline. dubbed the ".Power of Siberia".. has a planned annual capacity of 38 billion cubic meters.

Gazprom Neft acquired a 25.02 percent stake with the right to increase it to 50 percent in Evrotek-Yugra.

LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.

Statoil currently has 16 supply vessels on long-term contract with 10 different ship owners.

Last month. Gazprom began constructing the Turkish Stream natural gas pipeline off the Russian Black Sea coast.

A second gold rush is taking place on a small island few people know about.