GAZPROM LEADS RUSSIA
With the launch of the Prirazlomnaya field in the Pechora Sea (60 kilometers from Varandey in the Nenets Autonomoous District), Gazprom has begun work on the Arctic shelf as a center of production, Gazprom CEO Aleksey Miller said during the company's annual shareholders' meeting in Moscow.
Miller clarified that oil in this area was being produced in the middle of ice-swept seas. The project is the first for producing hydrocarbons in the Russian Arctic. Miller added that Gazprom was Russia's leader in developing the Arctic shelf and in underwater gas production.
In 2013, the company received 17 licenses for fields on the shelf in the East Siberia, Chukotka, Barents and Karsk seas. These fields are estimated to hold reserves of nearly 17.3 trillion cubic meters of gas and 1.3 billion tons of liquid hydrocarbons.
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PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.