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All publications by tag «GAS»

All publications by tag
2016, January, 19, 20:00:00
GAS PRICES WILL UP
Although analysts are making cautious predictions in the short term, the EIA also indicates that prices in 2017 may be as high as $3.22/MMBtu, representing a major leap in prices for next year.
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2016, January, 17, 15:15:00
CANADA'S LONG-TERM EFFECTIVENESS
"We're playing close attention to the price of oil, and of course that has an important impact on the Canadian dollar, which we're also paying close attention to. In that context, we know that it's doubly important that we think about how we can make investments that have an impact on the economy ... and also think about how we can improve our long-term effectiveness as a country and to increase our long-term rate of growth."
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2016, January, 17, 15:00:00
NORD STREAM DEVELOPING
Nord Stream-2 project would develop rapidly in 2016. The pipeline extension project continues to move ahead, despite opposition to from several European countries
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2016, January, 17, 14:55:00
NORD STREAM'S EXTENSION
Russia's Gazprom and a group of European companies agreed on the project last year, raising protests mostly among central and southern European countries.
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2016, January, 17, 14:50:00
U.S. RIGS DOWN 14
U.S. Rig Count is down 14 rigs from last week to 650, with oil rigs down 1 to 515, and gas rigs down 13 to 135.
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2016, January, 15, 20:25:00
OIL PRICES 2016: $40
Forecast Brent crude oil prices average $40/b in 2016 and $50/b in 2017. Forecast West Texas Intermediate (WTI) crude oil prices average $2/b lower than Brent in 2016 and $3/b lower in 2017. However, the current values of futures and options contracts continue to suggest high uncertainty in the price outlook.
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2016, January, 15, 20:15:00
OIL MAJORS CUT JOBS
Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years. California-based Chevron said last fall that it would eliminate 7,000 jobs, while rival Shell announced 6,500 layoffs.
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2016, January, 15, 20:10:00
U.S. OIL PRODUCTION (116) TBD
Crude oil production in February from seven major US shale plays is expected to fall 116,000 b/d to 4.83 million b/d. Production from the Eagle Ford is seen dropping 72,000 b/d during the month to 1.15 million b/d, followed by a 24,000-b/d loss in the Bakken to 1.1 million b/d and 23,000-b/d loss in the Niobrara to 371,000 b/d.
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2016, January, 15, 20:00:00
LNG: BIGGER NO BETTER
Global LNG output is expected to rise by a third to about 330 million metric tons annually by 2018, according to Sanford C. Bernstein & Co. Most of the new fuel will come from the U.S. and Australia, which is poised to topple Qatar as the biggest supplier. Unlike Saudi Arabia, the largest oil shipper, Qatar won’t be fighting for market share at the expense of earnings.
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2016, January, 15, 19:55:00
IRAN NEEDS $20 BLN
Iran needs $20bn to develop the remaining phases of the South Pars gas field, energy minister Bijan Namdar Zanganeh said