Gas
![Gas](/cache/07-20/sanctions-75.7a159931.jpg)
2020, July, 16, 16:05:00
NORD STREAM 2: THE NEW SANCTIONS
The changes to the CAATSA guidance is the latest move by the US to put pressure on companies involved in building both Nord Stream 2 and the TurkStream extension in Bulgaria and Serbia into Hungary.
![Gas](/cache/07-20/woodside-1.036345ae.jpg)
2020, July, 16, 15:45:00
AUSTRALIA'S WOODSIDE LOOSES $4 BLN
Woodside decided to reduce its planned expenditure in 2020 by around 50% to AUD2.4bn (US$1.5bn)
![Gas](/cache/07-20/gazprom-291.40669771.jpg)
2020, July, 15, 14:00:00
RUSSIA'S GAZPROM EARNINGS DOWN
In April and May, Russian companies sold abroad 65.4 tons of gold for $3.55 billion while energy corporation Gazprom, holding a monopoly for delivery of natural gas to foreign countries, earned $2.4 billion over the same period.
![Gas](/cache/07-20/price-577.b3703a00.jpg)
2020, July, 15, 13:55:00
RUSSIA'S GAZPROM EXPORTS UNCHANGED
Gazprom's expectations for its realized European gas price for the year were also unchanged.
![Gas](/cache/07-20/weatherford-25.460b4fbd.jpg)
2020, July, 15, 13:40:00
WEATHERFORD FOR IRAQ
Frederico Justus, President, International Operations, Weatherford, noted, “This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract.”
![Gas](/cache/07-20/energy-148.24d67693.jpg)
2020, July, 14, 13:15:00
INNOVATION FOR ENERGY
Renewables by themselves "cannot ensure the reliable flow of electricity in any nation".
![Gas](/cache/07-20/usa-223.d093f31b.jpg)
2020, July, 14, 13:10:00
U.S. PRODUCTION: OIL (-56) TBD, GAS (-712) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .
![Gas](/cache/07-20/oil-34.ad702127.jpg)
2020, July, 14, 13:05:00
ENERGY MARKET: HUGE VOLATILITY
The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.
![Gas](/cache/07-20/price-574.c239176e.jpg)
2020, July, 14, 12:45:00
EUROPE'S GAS DEMAND DOWN
Gas consumption in Q1 fell by more than 20% year on year in a number of EU countries, including Romania, Latvia, Finland and Slovakia.
![Gas](/cache/07-20/ukraine-80.b649ca79.jpg)
2020, July, 14, 12:40:00
EUROPE'S GAS TO UKRAINE UP
Ukraine's total gas import capacity has expanded to 170 million cu m/d in 2020, up from the maximum capacity of 66 million cu m/d in 2019,
![Gas](/cache/07-20/novatek-55.a47a3deb.jpg)
2020, July, 14, 12:15:00
NOVATEK'S PRODUCTION DOWN 2.5%
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2020.
![Gas](/cache/07-20/rig-176.3064ba53.jpg)
2020, July, 14, 12:10:00
U.S. RIGS DOWN 5 TO 258
U.S. Rig Count is down 5 rigs from last week to 258, Canada Rig Count is up 8 rigs from last week to 26
![Gas](/cache/07-20/gas-191.220721d9.jpg)
2020, July, 10, 11:30:00
LNG TRADE WILL UP
Global LNG trade surged 13% year on year in 2019 to 354.7 million mt
![Gas](/cache/07-20/mozambiqe-25.2b975df2.jpg)
2020, July, 9, 15:45:00
TOTAL FOR MOZAMBIQUE LNG $15.8 BLN
The project, Mozambique LNG, is one of several being developed in the country’s extreme north following one of the largest gas finds in a decade off its coast.
![Gas](/cache/07-20/price-558.5b67358e.jpg)
2020, July, 8, 11:55:00
OIL PRICES 2020-21: $41-$50
EIA expects monthly Brent spot prices will average $41/b during the second half of 2020 and rise to an average of $50/b in 2021