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.

2015-11-24 19:45:00

UPSTREAM INVESTMENTS DOWN 20%

UPSTREAM INVESTMENTS DOWN 20%

Statoil CEO Eldar Sætre has said today that global upstream investments are estimated to fall by 20% in 2015. In a speech at the company's annual Autumn Conference, the CEO also recognised the role of renewable energy, but said that oil and gas still maintained an important role in the energy mix as energy demand increases.

"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."

Mentioning the energy union and the new UK energy strategy unveiled last week, he said that there is still positive news for the oil and gas industry.

"I was encouraged by the signals on the important role of gas," Sætre commented.

In a news release on its website, Statoil said it is trying to become the world's most carbon-efficient producer of oil and gas.

"Energy demand is growing and emissions must be reduced. This will lead to large shifts in energy use and production. At the same time lower oil and gas prices are causing a rebalancing of supply and demand, putting an increasing premium on being a low-cost producer."

Earlier this month, the company said it is increasing its environmental commitment on the Norwegian continental shelf (NCS) for 2020 by 50%.

naturalgaseurope.com

-----

More:

SAUDI WANTS MONEY: $700 BLN

AFRICA IS CLOSED

CANADA: WORST PERIOD

OIL WRITE-DOWNS & LOSSES

U.S. CONTINUES TO HEW

 

Tags: UPSTREAM, INVESTMENT, STATOIL

Chronicle:

UPSTREAM INVESTMENTS DOWN 20%
2018, May, 23, 10:50:00

OIL PRICE: ABOVE $79 ANEW

REUTERS - Brent LCOc1 futures fell 43 cents, or 0.5 percent, to $79.14 a barrel by 0218 GMT, after climbing 35 cents on Tuesday. Last week, the global benchmark hit $80.50 a barrel, the highest since November 2014. U.S. West Texas Intermediate (WTI) crude CLc1 futures eased 25 cents, or 0.4 percent, to $71.95 a barrel, having climbed on Tuesday to $72.83 a barrel, the highest since November 2014.

UPSTREAM INVESTMENTS DOWN 20%
2018, May, 23, 10:45:00

HARD OIL MARKET

FT - Most oil majors can now cover dividends and capital expenditure at prices around $50 per barrel, meaning that, at $80, they make a healthy surplus.

UPSTREAM INVESTMENTS DOWN 20%
2018, May, 23, 10:40:00

U.S. THE WORLD'S TOP

EIA - The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia’s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.

UPSTREAM INVESTMENTS DOWN 20%
2018, May, 23, 10:35:00

U.S. - CHINA ENERGY TRADE

PLATTS - China became the largest contributor to global LNG consumption growth in 2017. It surpassed South Korea as the world's second largest LNG importer and its share of global LNG demand is expected to converge with that of Japan by 2030.

All Publications »