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March 2015

March 2015
2015, March, 12, 20:12:00
U.S. RIGS: DOWN FROM 1920 TO 1192
The US drilling rig count plunged 75 units—all on land—to settle at 1,192 rigs working during the week ended Mar. 6, according to data from Baker Hughes Inc. That total is the lowest since Dec. 11, 2009, and 600 fewer units compared with this week a year ago. The count has now fallen in 14 consecutive weeks, losing 728 units during that time
March 2015
2015, March, 9, 19:20:00
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.
March 2015
2015, March, 9, 19:15:00
THE NEW RUSSIAN EMPIRE
Ex-BP boss aims to build major energy industry player from scratch Lord Browne heads new oligarch-backed $10bn fund L1 which is buying up energy industry assets while price of oil is low
March 2015
2015, March, 9, 19:10:00
THE HORRIBLE RUSSIAN GAS
Russia’s bid for Turkish Stream pipeline may open the gates to the competition it most fears
March 2015
2015, March, 9, 19:05:00
CHINA ANNOUNCES START
CNOOC announces production start at offshore exploration project
March 2015
2015, March, 9, 19:00:00
GE OPENS AUSTRALIA
GE announced on March 6 its new oil and natural gas facility in Broome, Western Australia, is finished and operational. The location includes a custom-build workshop, a warehouse, office space and an equipment hardstand area.
March 2015
2015, March, 8, 13:25:00
CHINA & RUSSIA GAS DEAL
China and Russia will seal an agreement later this year on piped gas from Western Siberia, China’s foreign minister said on Sunday, a deal that will continue Russia’s economic shift towards Asia and away from Western Europe.
March 2015
2015, March, 8, 13:20:00
U.S. OIL NEED MONEY
The world may run on oil, but the oil industry runs on money. The US shale boom would not have been possible without a huge inflow of capital: the small to midsized companies that led the revolution raised $875bn from syndicated loans, bonds and equities in 2007-14, 83 per cent of it in debt, according to Dealogic.
March 2015
2015, March, 8, 13:15:00
U.S. SHALE NEED SALE
Whiting Petroleum, the largest oil producer in the Bakken shale of North Dakota, has hired bankers to seek potential buyers after coming under financial pressure due to plummeting crude prices, according to people familiar with the matter.
March 2015
2015, March, 8, 13:10:00
WANTED MORE MONEY
The European Union should share the cost of filling Ukraine’s natural-gas storage if it wants to prepare for worst-case scenarios next winter, the country’s energy minister said in an interview, highlighting a potential clash in coming negotiations between the EU, Kiev and Moscow.