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Investments

Investments
2015, December, 10, 19:20:00

CHEVRON WILL REDUCE $26.6 BLN

Chevron, the second-largest energy company in the U.S. by revenue, and other major oil companies have been cutting costs and capital spending plans in response to an extended downturn in prices for crude.

Investments
2015, November, 30, 20:00:00

$30 BLN FOR IRAN

“We are interested to come back to Iran when the sanctions are lifted and if the contracts are interesting,” Stephane Michel, Total’s head of exploration and production in the Middle East said at the conference. “We have worked in this country for a long time, so we know specific fields on which we’ve worked.”

Investments
2015, November, 27, 20:00:00

SAUDI INVESTMENT TO INDONESIA

"Indonesia is an important country for Saudi Arabia, a rising global economy, we would like to be a part of the growth of Indonesia," Saudi Aramco CEO Amin H Al-Nasser said at the signing of the initial agreement to upgrade the Cilacap refinery in Indonesia's Central Java province.

Investments
2015, November, 26, 19:55:00

50 IRAN'S OIL&GAS PROJECTS

The government hopes international companies will commit at least $100 billion that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day.

Investments
2015, November, 25, 19:45:00

NORWAY'S INVESTMENTS WILL FALL 9.3%

‘The latest estimates for 2016 show that total investments are expected to amount to NOK 219.4 billion. This is 5.4 per cent lower than the corresponding figure for 2015. The decline is mainly due to a fall of 9.3 per cent within oil and gas’ reads the statement.

Investments
2015, November, 24, 19:45:00

UPSTREAM INVESTMENTS DOWN 20%

“We know that energy demand is growing. We also know that renewable energy will have to meet most–if not all–of this increased demand. Oil and gas will remain critically important energy resources," Mr. Sætre said on Monday. "Even in a 2 degree world we need oil and gas roughly at today’s levels in 2040."

Investments
2015, November, 24, 19:35:00

IMPLICATIONS FOR THE OIL

“We have never seen this in the last 30 years, two consecutive years of investment decline,” the IEA’s executive director, Dr. Fatih Birol, told The Wall Street Journal on the sidelines of a Statoil conference. “This will have implications for the oil markets, if not tomorrow then the day after tomorrow.”

Investments
2015, November, 20, 19:55:00

SAUDI WANTS MONEY: $700 BLN

Speaking at an energy conference in Bahrain on Thursday, Ali al-Naimi, said oil companies “need to increase investments in order to guarantee stability of market for the long and short term”.

Investments
2015, November, 20, 19:50:00

AFRICA IS CLOSED

“Capital markets are effectively closed to the oil and gas industry” in Africa, Tony Hayward, former head of BP Plc and now chairman of Genel Energy Plc, said at a conference in Cape Town last month. “A decade of exploration, with billions of dollars invested and only limited commercial success.”

Investments
2015, November, 20, 19:40:00

CANADA: WORST PERIOD

CAODC announces its 2016 Drilling Forecast • Projected 2016 wells drilled: 4,728—a decrease of 58% from 2014 (11,226) • Projected operating days: 56,260—a decrease of 57% from 2014 (131,021) • Rig fleet expected to contract by 62 (758 drilling rigs to 696 drilling rigs) • 57% decrease in employment from 2014 levels (-28,485 jobs)

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