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Oil

Oil
2015, May, 28, 18:55:00

NORWAY & RUSSIA ARCTIC

Norway's previously long-standing cordial relations with Russia have deteriorated to the point that there is a real chance that simmering feelings could escalate, leading to a breakdown of cooperation in the oil and gas sector, writes Platts.

Oil
2015, May, 28, 18:50:00

NORWAY: MORE OIL

The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered. This is the result of the Norwegian Petroleum Directorate’s (NPD’s) review of the resource basis in a select number of fields and discoveries on the Norwegian shelf between 2005 and 2014.

Oil
2015, May, 28, 18:35:00

SWISS & RUSSIAN OIL

Through a series of deals with Rosneft, the Russian state-controlled oil company, Trafigura exported almost 9m barrels of crude in April, worth more than $500m, according to port data compiled by Nefte Compass, an industry publication.

Oil
2015, May, 28, 18:30:00

VENEZUELA & RUSSIA INVESTMENT: $14 BLN

Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro said on Wednesday evening.

Oil
2015, May, 28, 18:25:00

INDONESIA NEED OIL

"Indonesian energy minister Sudirman Said met with Iran's oil minister Bijan Namdar Zangeneh last week. We [Indonesia and Iran] agreed on two things -- Indonesia to buy Iranian crude and Iran allows Indonesia to participate in upstream business there," Dadan Kusdiana, spokesman at the energy and mines ministry said Thursday.

Oil
2015, May, 28, 18:20:00

UK OIL & GAS REGULATOR

The UK's new Conservative government is planning an energy bill to set up the new Oil and Gas Authority with the powers it needs to become a "robust, independent and effective regulator"

Oil
2015, May, 28, 18:15:00

TOTAL FOR ANGOLA: 2 BLN BBL

Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.

Oil
2015, May, 28, 18:00:00

CNPC FINDS BIG OIL

China’s CNPC said Tuesday that it has made the country’s first ever tight oil discovery to exceed 100 million tons.

Oil
2015, May, 27, 18:30:00

SAUDI PRICE WAR

Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon

Oil
2015, May, 27, 18:25:00

OPEC OIL RISING

OPEC supply is expected to increase by 0.2-0.3 million barrels per day (bpd) between now and end-3Q2015, analysts of the US JP Morgan bank said in a report, obtained by Trend.

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