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.

2015-03-09 19:20:00

OIL & GAS: $1 TRN CANCELLED

OIL & GAS: $1 TRN CANCELLED

The oil and gas industry may cancel about $1 trillion of planned projects globally in the next two years due to the fall of the oil price.

This is according to a senior Saudi Aramco executive, who spoke at a conference in Bahrain on Monday.

"Challenges during down cycles are more complicated today than before...At this moment the global industry is poised to potentially cancel about $1 trillion in capital funding," Amin Nasser, senior vice president for upstream operations said.

Speaking to reporters later, Nasser clarified that the $1 trillion figure included projects that might be delayed, not just those that could be cancelled.

"What we've heard from the industry is that there is $1 trillion of planned projects that will be dropped or deferred over the next couple of years because of what's happening," he said.

Brent oil, the Middle East price benchmark, collapsed from $115 a barrel in June 2014 to around $60 in the past months amid a global supply glut and weaker global demand.

As a result, producers have been looking at ways to reduce cost with some renogiating contracts and even cutting their budgets.

Aramco itself put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea and suspended plans to build a $2bn clean fuels plant at its largest oil refinery in Ras Tanura.

The company's chief executive Khalid al-Falih said in January that the company would renegotiate some contracts and postpone some projects because of the price of oil.

arabianoilandgas.com

Tags: OIL, GAS, PRICES, SAUDI,

Chronicle:

OIL & GAS: $1 TRN CANCELLED
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

OIL & GAS: $1 TRN CANCELLED
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

OIL & GAS: $1 TRN CANCELLED
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

OIL & GAS: $1 TRN CANCELLED
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »