All publications by tag «GAS»
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2016, February, 14, 13:25:00
BP ENERGY OUTLOOK 2016 - 2035
Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining the dominant form of energy over the period.
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2016, February, 14, 13:10:00
U.S. INVESTMENT DOWN 35%
Mining and exploration investment declined 35% in 2015, the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948.
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2016, February, 14, 13:05:00
BP & OMAN AGREEMENT
BP and Oman Oil today signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development of the major Khazzan tight gas field. BP is the operator of Block 61 with a 60% interest and Oman Oil holds the other 40%.
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2016, February, 14, 13:00:00
U.S. RIGS DOWN 30
U.S. Rig Count is down 30 rigs from last week to 541, with oil rigs down 28 to 439, and gas rigs down 2 to 102.
Canadian Rig Count is down 20 rigs from last week to 222, with oil rigs down 13 to 118, and gas rigs down 7 to 104.
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2016, February, 11, 19:05:00
RUSSIA DEFENDS MARKETS
“We are working on preserving our traditional markets and we will supply those markets with oil in a competitive battle,” Igor Sechin, Rosneft chief executive officer said in London today.
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2016, February, 11, 19:00:00
2016 OIL PRICE: $38
Brent crude oil prices are forecast to average $38/b in 2016 and $50/b in 2017.
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2016, February, 11, 18:55:00
IRAN NEEDS $200 BLN
“To develop the joint fields and enhance recovery of oil reservoirs as well as secure development targets, we need investment totaling 200 billion dollars,”
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2016, February, 11, 18:45:00
MUST TO CUT $24 BLN
North American oil and natural gas drillers will need to cut an additional 30 percent from their capital budgets to balance their spending with the cash coming in their doors even if crude rises to $40 a barrel, according to an analysis by IHS Inc.A group of 44 North American exploration and production companies are planning to spend $78 billion on capital projects this year, down from $101 billion last year.
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2016, February, 9, 18:45:00
U.S. OIL DOWN 92,000
Crude oil production in March from seven major US shale plays is expected to fall 92,000 b/d to 4.92 million b/d.
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2016, February, 9, 18:30:00
TOTAL STARTS GAS PROJECT
French oil company Total SA said Monday that a deep-water natural-gas project west of the Shetland Islands called Laggan Tormore will produce the equivalent of 90,000 barrels of oil a day—almost 6% of the U.K.’s total output.