MAERSK GAS INVESTMENT $3.4 BLN
PE - Danish conglomerate AP Moller-Maersk said Friday it will invest 21 billion kroner ($3.4 billion) together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of Denmark's largest gas field in the North Sea.
Maersk, whose oil company is being taken over by France's Total, said the investment will extend production at the Tyra field, which was slated to close this year, for at least 25 years.
The group said the Tyra fields, which have supplied 90 percent of Denmark's gas, could under the redevelopment provide enough gas for 1.5 million Danish homes "at peak production."
Maersk, which is based in Copenhagen, Denmark and also operates the world's largest container shipping business, estimates that the redevelopment of Tyra will yield more than 200 million barrels of oil equivalent. Approximately two thirds of the production is expected to be gas, with the rest oil.
Maersk operates the Tyra field on behalf of the Danish Underground Consortium, a partnership with Shell, the Danish state and Chevron Corp. based in San Ramon, California. In August, France's Total agreed to buy the Maersk Oil unit for $7.45 billion in a deal expected to be completed during the first quarter of 2018.
"The redevelopment of Tyra is the largest investment carried out in the Danish North Sea," Maersk Oil's CEO, Gretchen Watkins, said in a statement. He said the field will be shut for redevelopment in November 2019, and production is expected to resume in July 2022.
With the deal, Total will become the No. 2 operator in the North Sea and Denmark will become the regional hub for all its operations in Denmark, Norway and the Netherlands.
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REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”