Gas
![Gas](/cache/2015/10/STATOIL-4.38c68369.jpg)
2015, October, 19, 19:15:00
STATOIL STARTED COMPRESSION
Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.
![Gas](/cache/2015/10/LNG-17.9435fda2.jpg)
2015, October, 15, 19:40:00
TOO MUCH LNG
Four years ago, the International Energy Agency predicted global demand for the heating and power plant fuel would climb 16% by 2016. Now, it’s projecting 11%, and terminal developers are taking note. Excelerate Energy’s floating terminal in the Gulf of Mexico has been postponed. Inpex delayed the start of an LNG project in Australia by almost a year to the third quarter of 2017.
![Gas](/cache/2015/10/LetterOne-2.0d1d1698.jpg)
2015, October, 15, 19:35:00
THE NEW RUSSIAN EMPIRE - 10
DEA Deutsche Erdoel (DEA), a company based in Germany controlled by Russian billionaire Mikhail Fridman’s investment firm LetterOne, signed an agreement to buy 100% of E.ON’s shares in E.ON E&P Norge for $1.6 billion, explaining that the transaction will allow DEA doubling its current production in Norway.
![Gas](/cache/2015/10/LetterOne-1.6c0687f7.jpg)
2015, October, 12, 19:20:00
THE NEW RUSSIAN EMPIRE - 9
Britain has told Russian oligarch Mikhail Fridman he was still welcome to invest in the country even after he was forced to divest gas assets there under pressure from the previous government.
![Gas](/cache/2015/10/INEOS-1.e19cdb26.jpg)
2015, October, 12, 19:10:00
INEOS BUYS FROM RUSSIA: $750 MLN
Swiss chemicals giant Ineos has bought its first British North Sea gas fields from Russian billionaire Mikhail Fridman's investment fund LetterOne, outlining plans to further expand its energy resources to supports its petrochemical business.
![Gas](/cache/2015/10/USA-216.5e7c64ea.jpg)
2015, October, 6, 19:40:00
U.S. RIGS DOWN 29
U.S. Rig Count is down 29 rigs from last week to 809, with oil rigs down 26 to 614, gas rigs down 2 to 195, and miscellaneous rigs down 1 to 0.
![Gas](/cache/2015/10/GAZPROM-25.f06ebd0c.jpg)
2015, October, 6, 19:35:00
GAZPROM & BASF SWAP
Gazprom has also received 50 per cent in Wintershall Noordzee B.V., which is involved in hydrocarbon exploration and production in the North Sea. In turn, Wintershall has obtained 25.01 per cent in the project for developing blocks 4A and 5A in the Achimov deposits of the Urengoy oil, gas and condensate field
![Gas](/cache/2015/10/GAZPROM-24.dbcecd6f.jpg)
2015, October, 6, 19:30:00
COMPETITIVE GAZPROM
The Asian market is one of the key priorities for Gazprom and Sakhalin’s energy plays a significant role in the company’s strategy. This year the Sakhalin II project is celebrating its 10th anniversary. It is one of the world’s largest integrated, export-oriented gas and oil projects that became possible after the first ever Russian production sharing agreement in 1994. Sakhalin II is managed and operated by Sakhalin Energy Company and its shareholders: Gazprom (50% and 1 share), Shell (27.5% minus 1 share), Mitsui (12,5%), Mitsubishi (10%). It includes the only Russian LNG plant with 13.2 bcm annual capacity.
![Gas](/cache/2015/09/CHINA-67.deae2bee.jpg)
2015, October, 1, 20:00:00
CHINA'S SHALE GAS
Over the past 25 years, China has attempted to develop its substantial CBM resources, estimated by China's Ministry of Land and Resources (MLR) at more than 1,000 trillion cubic feet (Tcf). Currently, there are more than 20,000 wells producing a total of 0.36 billion cubic feet per day (Bcf/d) of CBM in China. However, CBM well productivity in China is significantly lower than in countries such as Australia and the United States. CBM development in China has focused on the Ordos and Qinshui Basins of Shanxi Province. Although these two basins are considered to have China's best geologic conditions, they still face significant geologic challenges (low permeability, under-saturation) that reduce well productivity.
![Gas](/cache/2015/09/GAZPROM-103.20f24cb9.jpg)
2015, October, 1, 19:55:00
GAZPROM GROWS STRONGER
Price adjustments in the gas markets caused by a drop in oil quotations hadn’t affected the dominant position of Asia-Pacific as a driver of growing global gas consumption. Following the expert reviews, by 2025 the region’s demand for imported gas might grow 1.5 times from present 280 billion cubic meters to over 400 billion cubic meters a year.
![Gas](/cache/2015/09/GAZPROM-23.9b7185f6.jpg)
2015, October, 1, 19:50:00
SHELL & GAZPROM TALKS
Last month, the United States restricted exports, re-exports and transfers of technology and equipment to the Yuzhno-Kirinskoye field. The sanctions were imposed just weeks after media cited Shell officials as saying the firm was considering Yuzhno-Kirinskoye as part of an asset swap deal with Gazprom, announced in June.
![Gas](/cache/2015/09/LETTERONE-3.e083e622.jpg)
2015, September, 29, 20:45:00
THE NEW RUSSIAN EMPIRE - 7
The offers, which were submitted in July, nevertheless fell far short of LetterOne's target price of up to $1.2 billion, with the highest offers coming in at around $750 million, according to several sources close to the process.
![Gas](/cache/2015/09/YAMAL-LNG-3.b4a015c8.jpg)
2015, September, 27, 20:00:00
CHINA & RUSSIA PROGRESSION
China’s $40 billion Silk Road Fund said it would finance part of the project, a development Total CEO Patrick Pouyanné called “a clear commitment by China” in an interview Wednesday. The price paid for Silk Road’s 9.9% stake in Yamal wasn’t disclosed.
![Gas](/cache/2015/09/OIL-279.5f95f60d.jpg)
2015, September, 27, 19:55:00
2Q 2015: WORLD KEY FINANCIAL POINTS
Third-quarter 2015 results could show continued declines in profits, cash flow, and capital expenditure if crude oil prices continue to decline.
![Gas](/cache/2015/09/GAZPROM-102.348f19f0.jpg)
2015, September, 27, 19:50:00
NEW GAZPROM'S STRATEGY
Gazprom's new strategy appears to focus on flexibility in supply routes, markets and possibly even pricing; on dealing with the European energy market as a whole instead of piecemeal; and on leaving natural gas on Europe's doorstep to be transported to market through internal European pipelines.