Gas
![Gas](/cache/2015/06/LNG-13.bb4e8717.jpg)
2015, June, 25, 19:15:00
GOLDEN AGE OF GAS
“Natural gas is a flexible, it's supply is abundant and diverse, its ranges of use are still expanding, it's supply is abundant and diverse, it's low carbon, clean burning, an ally to renewables such as solar and wind, and it makes economic sense.”
![Gas](/cache/2015/06/GAS-15.a39890fa.jpg)
2015, June, 25, 19:10:00
GAS WITHOUT DISCOUNT
Russia could not provide Ukraine with the gas price discount it once had, days before new gas talks between Russia, Ukraine and the European Union.
![Gas](/cache/2015/06/IRAN-3.a3af2c15.jpg)
2015, June, 25, 19:05:00
IRAN NEED MONEY
Iran produces about 2.7m barrels of oil a day. But a report by Wood Mackenzie, the energy consultancy, to be published on Thursday, says that it could add 600,000 b/d of crude production by the end of 2017, assuming that it strikes a nuclear deal with the US and EU that lifts sanctions.
![Gas](/cache/2015/06/USA-17.94ae194c.jpg)
2015, June, 23, 18:30:00
U.S. WILL LOSE $500 BLN
Pro-development policies could increase cumulative local, state, and federal government revenue by over $1 trillion and lower average annual household energy expenses by $360 by 2035, according to the study. A path of regulatory constraints would lead to a cumulative decrease of $500 billion in government revenue from 2016 to 2035 and an increase of $242 in average annual household energy costs.
![Gas](/cache/2015/06/USA-16.3b7f1f14.jpg)
2015, June, 23, 18:25:00
U.S. OIL & GAS JOB DECLINES
Declines in oil and natural gas extraction and support employment tend to lag declines in crude oil prices. As prices of North Sea Brent crude oil fell from their June 2014 level of $112 per barrel, firms reduced the number of new wells drilled and the associated workforce. The count of drilling rigs in the United States, as measured by Baker Hughes, totaled 857 for the week ending June 19, 54% below the same point a year ago and the lowest level in nearly six years.
![Gas](/cache/2015/06/QATAR-2.4476bc88.jpg)
2015, June, 23, 18:10:00
QATAR GAS: 138 YEARS
In terms of oil and gas reserves per capita, Qatar is still “well ahead” of the other major oil and gas producers with 83,600 barrels of oil equivalent in 2014.
![Gas](/cache/2015/06/WINTERSHALL.0f82e172.jpg)
2015, June, 23, 18:05:00
WINTERSHALL SELLS ASSETS: $602 MLN
Germany’s Wintershall agreed Thursday to sell stakes in several North Sea assets and fields to Tellus Petroleum for a combined $602 million.
![Gas](/cache/2015/06/PDVSA-1.9d45e850.jpg)
2015, June, 23, 18:00:00
ROSNEFT & PDVSA DEVELOPMENT
The parties confirmed their intention to create a joint venture for gas and condensate offshore production in Venezuela as part of Mariscal Sucre project. The signed document provides for performing of additional joint research aimed at selection of optimum plan of this project implementation.
![Gas](/cache/2015/06/USA-14.7bda982d.jpg)
2015, June, 21, 17:20:00
U.S. OILFIELD COSTS DOWN
From June 2014 to May 2015, when the oil and gas prices as measured by the PPI fell by 49%, the PPI by industry classification showed the following changes:
- Rates for drilling activities, which primarily represent service fees for contractors to drill oil and gas wells, declined by 19.6%.
- Rates for support activities, which include the surveying, cementing, casing, and otherwise treating wells, declined by 1.4%.
- The price of sands primarily used for hydraulic fracturing declined 12.5%.
![Gas](/cache/2015/06/USA-193.26d638d7.jpg)
2015, June, 21, 17:15:00
U.S. RIGS DOWN 2
U.S. Rig Count is down 2 rigs from last week to 857, with oil rigs down 4 to 631, gas rigs up 2 to 223, and miscellaneous rigs unchanged at 3.
U.S. Rig Count is down 1001 rigs from last year at 1858, with oil rigs down 914, gas rigs down 88, and miscellaneous rigs up 1.
The U.S. Offshore rig count is 27, down 2 rigs from last week, and down 32 rigs year over year.
![Gas](/cache/2015/06/ROSNEFT-82.66eebda8.jpg)
2015, June, 21, 16:55:00
ROSNEFT & GE LNG
Itera, a 100% Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at the St. Petersburg International Economic Forum.
![Gas](/cache/2015/06/USA-13.def38828.jpg)
2015, June, 17, 19:00:00
US ARCTIC POLICIES
US Arctic oil and gas policies should recognize the industry’s extensive global Far North experience and technology, American Petroleum Institute officials said. “If we don’t use this knowledge, other Arctic nations will move to the forefront of energy development there,” API Upstream Operations Director Erik Milito told reporters at a June 12 briefing.
![Gas](/cache/2015/06/GAS-14.12477316.jpg)
2015, June, 17, 18:55:00
EU GAS STRATEGY
In Budapest, Mr. Šefčovič reported that, in the wake of the cancellation of South Stream last December, all parties in Europe have been paying attention to statements from Russia, as a gas supplier, and Europe's stance on infrastructure has been altered.
![Gas](/cache/2015/06/OIL-13.244ef0e4.jpg)
2015, June, 17, 18:50:00
$200 BLN STOP
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said.
![Gas](/cache/2015/06/RUSSIA-9.b3b702bd.jpg)
2015, June, 15, 19:00:00
RUSSIAN INVESTMENT SHOW
"Uncertainty is the rule of the game in this industry," the head of France's Total Patrick Pouyanne said this month. "We are in the long-term business. This is why at Total we are keen to maintain our commitment to Russia."