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2015, April, 16, 20:10:00
PRICES DECLINES RESERVES
According to annual reports for 75 global oil and natural gas companies, oil proved reserve additions totaled 10.4 billion barrels in 2014, the lowest since 2010.
2015, April, 16, 20:05:00
U.S. OIL DECLINED
North Dakota’s oil production declined in February for the second consecutive month as drilling new wells slackened amid low oil prices.
State regulators said Tuesday that February’s output was just short of 1.18 million barrels per day, down 50,435 daily barrels since December, which was the state’s all-time high. It was the first consecutive two-month drop since January 2011.
2015, April, 16, 20:00:00
U.S. WILL BE AN EXPORTER
The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation’s shale gas production continues to grow, the U.S. Energy Information Administration said on Tuesday in its Annual Energy Outlook.
2015, April, 16, 19:55:00
RUSSIAN GAS STRATEGY
On December 1 2014, during his official visit to Turkey, Russian President Vladimir Putin announced the suspension of South Stream, blaming the EU for its “unconstructive” position. In fact, the realization of pipeline had become untenable as a result of various legal, political and financial issues, such as the EU’s Third Energy Package, the Ukraine crisis and the ensuing sanctions over companies involved in South Stream (Stroytransgaz and Gazprombank).
2015, April, 16, 19:50:00
RUSSIAN GAS TO EU
Russia will continue to provide competitive natural gas deliveries to Europe until mid-2020 and there is a limited possibility that other sources including LNG supplies, will offset Russian imports significantly, participants at the Flame conference in Amsterdam said Tuesday.
2015, April, 16, 19:45:00
RUSSIA SEEKS HIGHER
Russia has been holding active, "unprecedented" consultations with the Organization of Petroleum Exporting Countries, a senior official said on Wednesday, a clear signal of Moscow's strive for higher oil prices.
2015, April, 16, 19:40:00
GAZPROM WARNS EU
Russia is pushing ahead with plans to build a pipeline to Turkey and further on to Greecevia the Black Sea, in line with its plans to stop exporting gas via Ukraine by 2019.
2015, April, 16, 19:35:00
LUKOIL LEAVES SAUDI
Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said.
2015, April, 16, 19:30:00
NIGERIA SELLS ASSETS
Nigeria’s incoming government should consider selling down its majority stakes in joint ventures with multinational oil companies to shore up state finances and raise funding for infrastructure development, according to the central bank governor.
2015, April, 16, 19:25:00
TURKEY WANT BE THE HUB
On March 16, the presidents of Turkey, Azerbaijan and Georgia travelled to Kars in Turkey’s mountainous northeast, and then to a remote worksite near the border with Georgia, to launch construction of the 1,850km Trans-Anatolian gas pipeline (Tanap).