Gas
![Gas](/cache/2015/06/GAS-12.123f30d0.jpg)
2015, June, 15, 18:55:00
RUSSIA'S GAS ADVANTAGE
“Now we are facing a stagnant demand both for oil and gas globally. These two commodities are providing 70% of Russian export and 50% of Russian federal budget revenues, so you can imagine how painful that is.”
![Gas](/cache/2015/06/GAS-13.06a1a0f4.jpg)
2015, June, 15, 18:45:00
RUSSIAN GAS FOR EUROPE
Gazprom revived its contract with Italian contractor Saipem (controlled by state-run Eni SpA). The Milan-based company had signed two contracts worth €2.4 bn in total for the construction of an undersea pipeline and support services for construction of a second undersea pipeline, both part of much touted South Stream. The contract terms are now being renegotiated, so as to start construction in time for the 2016 deadline.
![Gas](/cache/2015/06/south-china-sea-1.23a27b5f.jpg)
2015, June, 15, 18:40:00
CHINA & PHILIPPINES TALKS
China’s ambassador to the Philippines has suggested that the two countries sit down for talks on the most squeamish territorial dispute in Asia. The question of who controls the fishery-rich, 3.5 million-square-kilometer South China Sea, also full of oil and natural gas as well as major world shipping lanes, could proceed from military preparations to a calm negotiating room. The two governments – both unusually aggressive in asserting rival claims to the sea — might be able to work something out. The Philippines is talking now to Taiwan to agree on law enforcement in their own overlapping waters.
![Gas](/cache/2015/06/USA-192.b68fb13a.jpg)
2015, June, 14, 17:30:00
U.S. RIGS DOWN 9
U.S. Rig Count is down 9 rigs from last week to 859, with oil rigs down 7 to 635, gas rigs down 1 to 221, and miscellaneous rigs down 1 to 3.
U.S. Rig Count is down 995 rigs from last year at 1854, with oil rigs down 907, gas rigs down 89, and miscellaneous rigs up 1.
The U.S. Offshore rig count is 29, up 2 rigs from last week, and down 30 rigs year over year.
![Gas](/cache/2015/06/NORWAY-13.e2f9791a.jpg)
2015, June, 14, 17:25:00
NORWAY INVESTMENTS: NOK 184.8 BLN
According to Statistics Norway, total investments in oil and gas activity in 2016 should be NOK 184.9 billion, which is 1.4% higher than the corresponding estimate for 2015.
![Gas](/cache/2015/06/IRAN-38.a695770b.jpg)
2015, June, 14, 17:20:00
IRAN NEEDS $100 BLN
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to the state-run company in charge of discussions.
![Gas](/cache/2015/06/GAS-83.883253b4.png)
2015, June, 12, 20:45:00
RUSSIA & NETHERLANDS GAS DOWN
Global trade of natural gas via pipelines fell the most on record last year as Russia halted exports to Ukraine and shipments declined from the Netherlands, the European Union’s biggest producer, according to BP.
![Gas](/cache/2015/06/STATOIL-22.dcd73a96.png)
2015, June, 12, 20:40:00
STATOIL FINDS GAS
A consortium led by Norway’s Statoil discovered a gas pay zone at wildcat well 6706/11-2 in the Gymir prospect in the Norwegian Sea.
The well was drilled about 12 miles west of the Aasta Hansteen field to prove petroleum in Upper Cretaceous reservoir rocks, in the Nise formation.
![Gas](/cache/2015/06/BP-2.1e8ab89a.jpg)
2015, June, 11, 19:00:00
BP: WORLD ENERGY - 2015
The most significant development on the supply side in 2014 was undoubtedly the continuing
revolution in US shale. The US recorded the largest increase in oil production in the world,
becoming the first country ever to increase average annual production by at least 1 million
barrels per day for three consecutive years.
![Gas](/cache/2015/06/RUSSIA-8.dabdd625.jpg)
2015, June, 9, 19:25:00
EUROPE GAS DEFICIT: 50 BLN TO 2025
Europe may face deficit of gas imports of a total of 50 bln cubic meters in 2025, Gazprom Deputy Chairman Alexander Medvedev said Monday.
![Gas](/cache/2015/06/NOVATEK-1.bd1a3cbe.jpg)
2015, June, 9, 19:20:00
NOVATEK & SHELL CONTRACT
OAO Novatek announced Thursday that Novatek Gas & Power, a wholly owned trading subsidiary of Novatek, has signed a long-term contract with Shell International Trading Middle East for the supply of LNG from the Yamal LNG project.
![Gas](/cache/2015/06/EUROPE-8.c07c706b.jpg)
2015, June, 8, 19:00:00
EU GAS IS WORSE
Not quite as severe as in the UK, he says the trend is similar in the Netherlands, considering the decline in Groningen and the curtail in production: “Moving from a net exporter of gas to a net importer of gas.”
The situation across the entire EU, according to Mr. Egan, is even worse, with the European Union importing 80% of its gas, forecast to get even worse.
![Gas](/cache/2015/06/GAS-11.70636197.jpg)
2015, June, 8, 18:55:00
EU HAS WIDENED
The European Union last October reached an outline deal on three 2030 targets to cut emissions by at least 40 percent versus 1990, improve energy savings to at least 27 percent and to increase the share of renewable energy to 27 percent.
![Gas](/cache/2015/06/POLAND-1.cdf67338.jpg)
2015, June, 8, 18:50:00
POLISH DREAM MURDER
ConocoPhillips announced that is was withdrawing from shale gas exploration in Poland.
![Gas](/cache/2015/06/SHELL-26.cad4fc6d.jpg)
2015, June, 7, 19:25:00
ULTRA-DEEP GROWTH: $378 BLN
Oil & gas output from ultra-deepwater (>1,000m water depth) fields will continue the relentless growth seen in recent years. In the latest World Drilling & Production Forecast, Douglas-Westwood predict combined oil & gas production from such fields will grow 7.7% year-on-year over 2015-2021 from 6.5 mboe/d to 10.2 mboe/d.