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2015-03-25 19:55:00

WORLD NEEDS NEW OIL

WORLD NEEDS NEW OIL

European companies are increasing their focus on offshore projects, securing an increase of their financing facilities and forging joint ventures to reduce costs.

On Monday, FMC Technologies and Technip signed an agreement of form a 50/50 joint venture to launch their new project Forsys Subsea. According to the companies, the subsidiary will deliver innovative field design and technologies across the entire subsea infrastructure.

"The world needs new sources of oil, and deepwater holds the greatest promise of meeting this demand. But these sources are expensive to develop, and operators will not pursue them unless they can significantly reduce costs," John Gremp, FMC Technologies Chairman, commented in a note.

The focus of Forsys Subsea will be on subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS), aiming to integrate SPS with SURF, by an early involvement in the concept selection phase of front-end engineering and design.

Also on Monday, Lime Petroleum Norway announced that it has secured an increase of its financing facility from NOK 300 million (€34.7 million) to NOK 700 million (€81 million).

According to its website, Lime Petroleum intends to use the financing facility to fund its participation in its offshore exploration drilling program in 2015.

Earlier this year, Lime Petroleum Norway clinched a deal with Tullow Oil Norge to buy an additional 20% in three licences in the Norwegian Sea.

naturalgaseurope.com

Tags: OIL, OFFSHORE, EUROPE

Chronicle:

WORLD NEEDS NEW OIL
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

WORLD NEEDS NEW OIL
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

WORLD NEEDS NEW OIL
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

WORLD NEEDS NEW OIL
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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