Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-08-20 18:00:00

NORWAY OIL: BORDERING RUSSIA

NORWAY OIL: BORDERING RUSSIA

Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry said on Tuesday, in a process that will take longer than recent rounds.

The ministry, which has already asked companies to nominate blocks where they want to drill, expects applications in the second half of 2015, indicating that the process of attributing new licences will last between 24 and 30 months, longer than the 15-18 months in the previous three rounds between 2008 and 2013.

The world's seventh-largest oil exporter, and the third-largest for gas, started the process of attributing new licenses in January by asking oil firms which areas they would be interested in exploring.

Some 40 oil firms expressed interest, including Royal Dutch Shell, ConocoPhillips, Chevron, BP and Statoil, nominating 160 blocks or parts of blocks.

The areas on offer include an offshore zone the size of Switzerland bordering Russia that may contain 1.9 billion barrels of oil equivalent, mostly of gas, that was opened to oil exploration after Oslo and Moscow resolved in 2010 a four-decade-long border dispute.

"We are planning for a deadline for applications during the second half of 2015. The awards will then be made in the first half of 2016," oil and energy ministry spokesman Haakon Smith-Isaksen said.

The ministry said the need for more surveying in the area makes the current process longer than earlier ones.

"The reason is that there is no 3D seismic coverage of the Barents Sea South East zone, which the oil companies are collecting now, there is only 2D data. 3D data will improve companies understanding of the geology in the area and thereby give better applications," said the spokesman.

He said the timing of the round was going according to the ministry's plans.

reuters.com

Tags: NORWAY, RUSSIA, OIL, SHELL, CONOCO, CHEVRON, BP, STATOIL

Chronicle:

NORWAY OIL: BORDERING RUSSIA
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

NORWAY OIL: BORDERING RUSSIA
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

NORWAY OIL: BORDERING RUSSIA
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

NORWAY OIL: BORDERING RUSSIA
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »