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All publications by tag «GAS»

All publications by tag
2017, March, 16, 18:35:00
UK OIL & GAS BREXIT
In terms of regulation and policy for the upstream oil and gas industry, much of the EU legislation and directives were either based on established UK customs and practices or are already enshrined in UK law. Although it will take some considerable time to untangle the complex regulatory and policy frameworks, the impact for the oil and gas industry is likely to be modest. In terms of the UK oil and gas tax system, little is expected to change as a result of Brexit as the EU has no remit over the UK’s fiscal regime for the industry.
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2017, March, 13, 18:30:00
U.S. RIGS UP 12
U.S. Rig Count is up 288 rigs from last year's count of 480, with oil rigs up 231, gas rigs up 57, and miscellaneous rigs unchanged. Canadian Rig Count is up 217 rigs from last year's count of 98, with oil rigs up 152 and gas rigs up 65.
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2017, March, 10, 18:55:00
OIL PRICES: $55 - $57
EIA forecasts Brent crude oil prices to average $55/b in 2017 and $57/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to average about $1/b less than Brent prices in the forecast. NYMEX contract values for May 2017 delivery traded during the five-day period ending March 2 suggest that a range of $46/b to $63/b encompasses the market expectation for WTI prices in May 2017 at the 95% confidence level.
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2017, March, 10, 18:40:00
U.S. DEFICIT $48.5 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.5 billion in January, up $4.2 billion from $44.3 billion in December, revised. January exports were $192.1 billion, $1.1 billion more than December exports. January imports were $240.6 billion, $5.3 billion more than December imports.
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2017, March, 7, 18:40:00
NORWAY IS BETTER
The Norwegian economy is slowly picking up after a two-year slowdown in its top industry, oil production, due to a halving of crude prices since mid-2014. In recent months, crude prices have risen and stabilised at around $55 per barrel.
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2017, March, 7, 18:30:00
WORLDWIDE RIG COUNT UP 109
The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017, and up 266 from the 1,761 counted in February 2016.
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2017, March, 6, 19:05:00
GAS PRICES: ABOVE $2.9
The NYMEX April natural gas futures contract settled Friday at $2.827/MMBtu, up 2.3 cents, continuing a steady rise since February 27 despite an abnormal February injection to gas storage stocks and demand hovering 7 Bcf/d below the five-year average.
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2017, March, 6, 18:50:00
INDIA & MYANMAR OIL
Myanmar, one of the oldest oil and gas industries in the region and a country which exported its first crude oil centuries ago, is again emerging as a bright spot for overseas investors after sanctions, which were imposed on the country during a long period of military rule and political unrest, were lifted in 2012.
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2017, March, 6, 18:40:00
UKRAINE PAYS MORE
Ukrainian state monopoly supplier Naftogaz Ukrainy has issued letters of credit under the loan agreement with Citi and Deutsche Bank secured by the World Bank. They total €220mn ($231mn) and will be used this month to buy gas from European suppliers selected through the World Bank’s auctions, it said March 1. It is planned to buy up to 1.1bn m³, with payment due in April upon completion of the relevant gas deliveries to Ukraine.
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2017, March, 6, 18:30:00
U.S. RIGS UP 2
U.S. Rig Count is up 267 rigs from last year's count of 489, with oil rigs up 217, gas rigs up 49, and miscellaneous rigs up 1. Canadian Rig Count is up 206 rigs from last year's count of 129, with oil rigs up 147 and gas rigs up 59.