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2015, September, 14, 18:50:00
DOUBLE NORD STREAM
Top-flight Western firms such as Shell, E.On, BASF, and Engie (formerly GDF Suez) have banded together with Russia’s Gazprom to double the capacity of Nord Stream, with hopes it will be operational by late 2019.
2015, September, 14, 18:45:00
2017: PRICES WILL RISE
“When you look forward to 2017, the market looks much more in balance,”
2015, September, 14, 18:40:00
IRAN OIL PRICES: $42 - $50
Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017, a government spokesman was quoted as saying on Monday, expecting crude to stay in the current trading range.
2015, September, 14, 18:35:00
BRITAIN'S WORST DOWNTURN
Britain’s oil and gas platform builders are facing their worst downturn in orders for 25 years, threatening thousands of jobs across the UK.
2015, September, 14, 18:30:00
SHELL & BG RISKS
Investors’s fears that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group have been exaggerated, Shell’s chief executive has said.
2015, September, 14, 18:25:00
U.S. RIGS DOWN 16
U.S. Rig Count is down 16 rigs from last week to 848, with oil rigs down 10 to 652, gas rigs down 6 to 196, and miscellaneous rigs unchanged at 0.
2015, September, 14, 18:20:00
ROSNEFT SELLS SIBERIA: $1.27 BLN
OAO Rosneft will sell a stake in one of its largest oil-producing projects to ONGC Videsh Ltd., the overseas-investment arm of India’s biggest explorer, for $1.27 billion, people familiar with the plan said.
2015, September, 11, 19:00:00
2016: PRODUCTION CUTBACKS
The latest tumble in the price of oil, which hit a six-year low in August, is expected to cut non-OPEC supply in 2016 by nearly 0.5 million barrels per day (mb/d) – the biggest decline in more than two decades.
2015, September, 11, 18:55:00
GLOBAL CHINA'S OIL
A derivatives contract would give the Shanghai International Energy Exchange, known as INE, a slice of an oil futures market worth trillions of dollars, offering a rival to London's Brent and U.S. West Texas Intermediate (WTI).
2015, September, 11, 18:50:00
U.S. CHALLENGING TIMES
With U.S. crude oil prices 47% lower in first-half 2015 compared to first-half 2014, U.S. onshore companies experienced a significant reduction in cash flow from operations. Most companies responded by reducing capital expenditures.
