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December 2015

December 2015
2015, December, 22, 19:50:00
AUSTRALIAN LNG HEDGING
US oil major Chevron said on Tuesday it planned to sell up to 1m metric tonnes of LNG a year to China Huadian Green Energy from 2020, ensuring 80 per cent of gas from its Gorgon and Wheatstone projects is committed in long-term contracts.
December 2015
2015, December, 22, 19:45:00
CONOCO SELLS RUSSIA
A spokesman for the US oil and gas producer confirmed it had sold its 50 per cent stake in the venture, which is focused on the far north-west of Russia. Rosneft, the Russian state oil company, also sold its stake in the asset last week, in a deal that valued the business at about $150m-$200m, according to one person familiar with the matter.
December 2015
2015, December, 21, 20:00:00
OPEC: BELOW $100
OPEC said it now assumes the price of the reference basket of crude oil produced by its members would be $70 a barrel in 2020, rising to $95 a barrel by 2040.
December 2015
2015, December, 21, 19:55:00
NORD STREAM II: PRAGMATIC SOLUTION
Gazprom and some utilities say Nord Stream-2 is the most pragmatic solution to shoring up Europe's energy security. The European Commission has said it is assessing its legality.
December 2015
2015, December, 21, 19:50:00
POLAND ATTACKS GERMANY
Donald Tusk, president of the European Council, became the latest senior politician to criticise plans for a new pipeline bringing Russian gas to Germany, saying it would undermine the EU’s goal of reducing energy dependence on Moscow.
December 2015
2015, December, 21, 19:45:00
OPEC CAN'T CUT
"OPEC can't take a unilateral decision, for example, to cut production and others ... raise production. Either we all go to cut production to really defend prices or we have to wait and see,"
December 2015
2015, December, 21, 19:40:00
INDIA WANTS SIBERIA
The deal, which could be worth around $1 billion based on the valuation of a recent stake purchase, is expected to take final shape during Prime Minister Narendra Modi's visit to Moscow next week for summit talks with President Vladimir Putin, said the sources with direct knowledge of the situation.
December 2015
2015, December, 21, 19:35:00
U.S. RIGS UNCHANGED
U.S. Rig Count is unchanged from last week at 709, with oil rigs up 17 to 541, and gas rigs down 17 to 168.
December 2015
2015, December, 21, 19:30:00
ROSNEFT INCREASES INVESTMENTS
Within the ambit of delivering strategic goals of boosting production, securing deliveries of oil and oil products, maintaining a market share (both in Russia and abroad), the Company plans to increase capital expenditures by a third (compared to 2015 levels).
December 2015
2015, December, 17, 20:00:00
EUROPE WANTS TO PAY MORE - 2
In theory, the European Union is pursuing a single energy market, based on the needs of all 28 EU nations. It is also meant to be united against Russia as it seeks to defend the interests of Ukraine following Moscow's seizure of Crimea in March last year.