2016, June, 7, 18:45:00THREE SHELL'S PRIORITIES
We expect to see robust demand for oil and gas for decades to come, in a global energy system in a long-term transition to lower carbon fuels. As well as low oil prices today, we are seeing higher levels of price volatility, due to geopolitical change, the speed of information flows, and the pace of innovation in our sector.
2016, June, 6, 18:45:00SAUDI'S TRANSFORMATION
"The Council of Economic and Development Affairs has approved the final draft of the National Transformation Plan, which is one of the plans adopted and part of the 2030 vision, which was launched and adopted by the Saudi deputy crown prince, president of CEDA,"
2016, June, 3, 19:25:00U.S. WANT YOUR MONEY AGAIN - 2
Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling to maintain operations and repay debt.
2016, May, 31, 19:40:00STRONG RUSSIAN OIL
Russia’s crude production continuing to grow this year by around 100,000 b/d or even slightly above this figure. The growth is supported by investments made in previous years.
2016, May, 30, 18:10:00MAJORS DEBT UP TO $383 BLN
The aggregate net debt of the 15 largest North American and European oil groups rose to $383bn at the end of March, up $97bn from 12 months ago.
2016, May, 23, 20:40:00JAPAN PAY LESS
The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the least since August 2005, according to Bloomberg calculations based on preliminary data from the Ministry of Finance. Prices are expected to rebound in coming months as crude values have surged, according to Junzo Tamamizu, managing partner at Clavis Energy Partners LLC.
2016, May, 22, 15:20:00SAUDI NEED MORE MONEY
Saudi Arabia’s debt plans come as falling oil prices encourage other Gulf countries, including Abu Dhabi and Oman, to turn to capital markets for funding, setting a new record for borrowing by Middle Eastern governments so far in 2016. This week, Qatar said it was looking to tap dollar bond markets for the first time in five years.
2016, May, 22, 15:15:00PAPUA NEW GUINEA: $2.2 BLN
Oil Search Ltd. has moved to consolidate natural-gas developments on Papua New Guinea with a US$2.2 billion deal to buy U.S.-listed midsize energy company InterOil Corp amid a growing natural gas glut.
2016, May, 22, 15:10:00BENEFITS OF UKRAINIAN TIPS
The US officials gave a positive assessment of Ukraine's sourcing of gas from Europe and the ongoing reform at Naftogaz and Ukraine’s gas market. They also commended the implementation of the corporate governance reform, which was based on OECD principles for state-owned enterprises.
2016, May, 19, 20:50:00U.S. ENERGY DEBT: $370 BLN
"[Oil’s recent rise] is not enough," said Dicker. "You can’t find the financing to keep the lights on at $50 oil. Most of these guys won’t be able to keep the lights on at $65 or $70 oil."
2016, May, 19, 20:45:00U.S. BANKRUPTCY UP - 2
Many companies on the teetering on the brink of insolvency find themselves buried under high interest rates and lack of deployable capital due to low commodity prices. Many banks have cut oil company credit lines as part of the semi-annual review by lenders. But the combined $8.9 billion in debt between the eighteen companies still looms ever menacingly in the background.
2016, May, 19, 20:35:00OIL COMPANIES RESTRUCTURING
Oil and gas producers depend largely on bank credit lines to run their businesses. Cmpanies getting ready to restructure are working closely with their bankers before filing for bankruptcy.
2016, May, 19, 20:30:00OIL DRILLING EFFICIENCY
As the number of failed operators mounts, the surviving companies are laying the groundwork for what they forecast will be an era of slower but steadier growth in the state at the epicenter of the U.S.’s energy boom.
2016, May, 19, 20:15:00PETROBRAS SELLS $6.75 BLN
State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff.
2016, May, 19, 20:05:00CHEVRON WILL CUT BUDGET BY 17%
Chevron Corp on Tuesday said it will slash its budget by at least 17% for the next two years to save cash due to the low crude oil prices.