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July 2016

July 2016
2016, July, 27, 19:00:00
INDIA HAS FOUND GAS
“Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well help define the technology needed to safely produce them,” said Walter Guidroz, USGS Energy Resources Program coordinator.
July 2016
2016, July, 27, 18:55:00
TAP WILL RUN
The so-called TAP, which formally started construction in May, will run for 878 kilometers (550 miles) from Greece's border with Turkey, through Albania and to southern Italy, including a 105-kilometer (65-mile) stretch under the Adriatic Sea. First deliveries to Europe are expected in 2020.
July 2016
2016, July, 27, 18:50:00
NOVATEK PROFIT UP OF 122%
In the first half 2016, our profit amounted to RR 161.9 billion (RR 53.61 per share), representing an increase of 121.7% as compared to the first half 2015.
July 2016
2016, July, 27, 18:45:00
ROSNEFT HAS PAID $1 BLN
Rosneft Finance S.A. (Rosneft subsidiary) has paid off series 2 eurobonds amounting to $1 bln of total nominal value. Those eurobonds were issued by the former TNK-BP Group in 2006, maturing 10 years later, with the coupon rate of 7.5% p.a.
July 2016
2016, July, 27, 18:40:00
BRITAIN HAS CUT TO 90%
"We recognise that market conditions are currently very difficult but nevertheless we have a shared goal of making the basin as attractive as possible for exploration," Andy Samuel, chief executive of the OGA, said.
July 2016
2016, July, 27, 18:35:00
VENEZUELA NEED MONEY
Venezuela and state oil company PDVSA face heavy debt payments this year amid weak oil markets and continuing decay of its socialist economic model. Neither have been able to borrow in recent years because the extremely high yields have made such operations too costly.
July 2016
2016, July, 27, 18:30:00
STATOIL NET LOSS $302 MLN
“We see continued progress on our plan to improve efficiency and make faster and deeper cost reductions. As an additional tool to strengthen the company’s financial flexibility, we have successfully introduced a scrip dividend”, says Sætre.
July 2016
2016, July, 27, 18:25:00
GOLAR & SCHLUMBERGER LNG
Golar LNG Limited (“Golar”) and Schlumberger today announced the creation of OneLNG℠, a joint venture to rapidly develop low cost gas reserves to LNG. The combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities, with Golar’s low cost FLNG (Floating LNG) solution, will offer gas resource owners a faster and lower cost development thereby increasing the net present value of the resources.
July 2016
2016, July, 26, 19:10:00
БОЛЬШЕ РУССКОЙ НЕФТИ
Объёмы добычи нефти за первое полугодие составили 270 миллионов тонн – это на 2,1 процента выше по отношению к прошлому полугодию. «По газу мы увеличили объёмы экспорта в первом полугодии по сравнению с прошлым годом примерно на шесть миллиардов кубических метров, или на 6,8 процента. По нефти прирост составил 6,2 процента, по углю – 8,2 процента. В этом году впервые общий объём экспорта угля на восток превысил западное направление», - доложил Министр.
July 2016
2016, July, 26, 19:05:00
INDIA'S OIL RESERVES
India's ultimate goal is to have an SPR that provides 90 days of net import coverage. The Indian government unveiled plans to add another 91 million barrels of SPR capacity in a second phase by 2020, although these facilities are still in the planning phase. The Indian Strategic Petroleum Reserves Limited (ISPRL), a special-purpose legal entity owned by the Oil Industry Development Board, would manage all of the SPR facilities.