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February 2016

February 2016
2016, February, 16, 19:12:00
EUROPE HAS A MULTIPLICITY
The first was that Europe has a multiplicity of suppliers and that, in terms of gas at least, its energy security is good; the second is that Statoil does not pursue a market share policy but instead focuses on the need for a predictable market environment to enable it to maintain current levels of piped gas deliveries to Europe for the next 20 years or so.
February 2016
2016, February, 16, 19:10:00
IRANIAN OIL FOR EUROPE
The first shipment of Iranian crude oil to the European Union in more than three years is poised to depart as soon as Monday, Iranian officials said.
February 2016
2016, February, 16, 19:05:00
CHINA'S OIL IMPORTS DOWN
China's crude oil imports fell 20 percent in January from record high volumes the previous month to their lowest level since October, official customs data showed on Monday.
February 2016
2016, February, 16, 19:00:00
SHELL & BG COMBINING: $53 BLN
From February 15, BG Group is part of Royal Dutch Shell. This combination brings together two world-class portfolios creating a more competitive company. We have acquired productive oil and gas projects across countries including Brazil and Australia and will be able to shape a simpler, leaner company. Together we will focus on our core expertise in deep water and liquefied natural gas (LNG).
February 2016
2016, February, 16, 11:03:00
NABORS NET LOSS $372.7 MLN
Net income from continuing operations for the year was a loss of $329.5 million, or ($1.14) per diluted share, compared to a loss of $669.3 million, or ($2.28) per diluted share, in FY 2014.
February 2016
2016, February, 14, 13:30:00
OIL PRICES DOWN TO $26
The price for light, sweet crude oil for March delivery dropped more than $1 on the New York market Feb. 11 to settle at $26.21/bbl, the lowest settlement since May 6, 2003. But oil prices appeared to be climbing in early trading on Feb. 12 after news reports of comments about possible production cuts.
February 2016
2016, February, 14, 13:25:00
BP ENERGY OUTLOOK 2016 - 2035
Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining the dominant form of energy over the period.
February 2016
2016, February, 14, 13:20:00
GLOBAL OIL MAJORS
The world oil market is complex. Governments and private companies play various roles in moving oil from producers to consumers. Government-owned national oil companies (NOCs) control most of the world's proved oil reserves (75% in 2014) and oil production (58% in 2014). International oil companies (IOCs), which are often stockholder-owned corporations, make up the balance of global oil reserves and production. Proved oil reserves consist of the amount of oil in a given area, known with reasonable certainty, that current technology can recover cost effectively. Worldwide proved oil reserves in 2014 were almost 1.7 trillion barrels, and global oil production averaged roughly 93.2 million barrels a day.
February 2016
2016, February, 14, 13:15:00
OIL ABOVE $55
After testing a 12-year low, the price of oil simply has to go up.That’s according to the chief executive officer of shipping and oil giant A.P. Moeller-Maersk A/S, who says 2015’s average crude price of $54 a barrel is too low for the industry to produce enough oil to satisfy global demand.
February 2016
2016, February, 14, 13:10:00
U.S. INVESTMENT DOWN 35%
Mining and exploration investment declined 35% in 2015, the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948.