LUKOIL & HESS IN GHANA
Lukoil and US independent Hess Corp. are said to be in talks regarding a project offshore Ghana. Lukoil is considering picking up a stake in Hess' Deepwater Tano/Cape Three Points Block. The Russian firm already holds acreage in Ghana as operator of the Cape Three Points Deep Water (CTPDW) Block with a 56.66% interest.
"Lukoil is interested in the Deepwater Tano/Cape Three Points project operated by Hess," a source told Reuters. The Hess project, located about 70 km offshore Ghana, is 90% owned by Hess, and remaining 10% being held by state-run oil firm GNPC. Hess started pre-development studies on the block after finishing drilling its seventh well last year.
Lukoil entered the CTPDW in July 2006 and is partnered with PanAtlantic Exploration (formerly Vanco) and GNPC. A new framework agreement on the project was signed in June 2009 and in 2010-2011 three deepwater exploration wells were drilled in the CTPDW block on the Dzata and Cheetah prospects which discovered an oil and gas condensate field, confirming the presence of a petroleum system with a thick series of high-quality sand reservoirs. While a petroleum system was discovered the partners have failed to discover any commercial hydrocarbon reserves as yet. A new stage of exploration drilling is scheduled for this year.
|November, 20, 09:35:00|
|November, 20, 09:30:00|
|November, 20, 09:25:00|
|November, 20, 09:20:00|
|November, 20, 09:15:00|
|November, 20, 09:10:00|
REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.
Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.
WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.
U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.