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2019, July, 9, 16:35:00SAUDI ARAMCO CONTRACTS $18 BLN
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD) of gas.
2019, July, 8, 13:05:00OIL PRICE: ABOVE $64
Brent crude futures were up 34 cents by 0908 GMT at $64.57. U.S. West Texas Intermediate (WTI) was up 18 cents at $57.69 a barrel.
2019, July, 8, 13:00:00OPEC OIL PRODUCTION DOWN ANEW
The 14-member OPEC pumped 29.60 million barrels per day (bpd) last month, the survey showed, down 170,000 bpd from May’s revised figure and the lowest OPEC total since 2014.
2019, July, 8, 12:55:00ARABIAN OIL DEMAND UP
OPEC+, as the enlarged group has come to be known, also sealed a long-term cooperation agreement “the Charter of Cooperation,” which aims to bring the 24 oil producing countries together to promote stability to a market that has been characterized by intense volatility in recent months.
2019, July, 8, 12:50:00IRAN IS THE GUARANTOR
“Iran is the biggest guarantor of energy stability and security in the region while the US is the biggest de-stabilizing force in the world’s energy sector.”
2019, July, 8, 12:45:00IRAN'S NUCLEAR WILL UP
Iran said on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, prompting a warning ‘to be careful’ from U.S. President Donald Trump, who has pressured Tehran to renegotiate the pact.
2019, July, 8, 12:40:00BRITAIN FREEZES NORD STREAM
Ukraine and Russia have been in dispute over gas issues for years, which escalated after a pro-Russian leader of Ukraine was toppled in 2014.
2019, July, 8, 12:35:00UKRAINE'S GAS RESERVES UP
The head of state-run energy firm Naftogaz, Andriy Kobolev, has said that Ukraine needs to increase its gas reserves by 18% this year to cover its winter needs and to guarantee transit to European consumers.
2019, July, 8, 12:30:00GAZPROM'S SALES RECORD 229 MLN M3
The 229 million cu m sold Thursday is about half the average daily flows of total Russian gas to Europe last month of around 464 million cu m.
2019, July, 8, 12:25:00EQUINOR SELLS LUNDIN $1.56 BLN
Equinor ASA (OSE: EQNR, NYSE EQNR) has agreed with Lundin Petroleum AB to divest a 16 percent shareholding in Lundin Petroleum for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 million.