Gas
![Gas](/cache/06-20/south-africa-18.7763d30b.jpg)
2020, June, 16, 13:15:00
SOUTH AFRICA'S OIL COMPANY
The government of South Africa has approved the merger of three oil and gas subsidiaries of the state-owned Central Energy Fund (CEF) into a National Oil Company.
![Gas](/cache/06-20/canada-66.bd376a2a.jpg)
2020, June, 15, 13:05:00
CANADA'S OIL & GAS LOANS UP
“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”
![Gas](/cache/06-20/usa-199.b6c730aa.jpg)
2020, June, 15, 13:00:00
U.S. RIGS DOWN 5 TO 279
U.S. Rig Count is down 5 rigs from last week to 279, Canada Rig Count is unchanged from last week at 21
![Gas](/cache/06-20/price-485.eefde8f0.jpg)
2020, June, 10, 12:55:00
OIL PRICES 2020-21: $37-$48
monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.
![Gas](/cache/06-20/lng-243.60e02194.jpg)
2020, June, 10, 12:45:00
GAZPROM LNG COMPLEX
Gazprom and RusGazDobycha are implementing the project for a natural gas processing and liquefaction complex near the settlement of Ust-Luga,
![Gas](/cache/06-20/lng-242.8faa75fa.jpg)
2020, June, 10, 12:40:00
LNG STORAGE FOR NOVATEK: $748 MLN
The floating LNG storage and transshipment units will serve Novatek’s projects under development in Murmansk and Kamchatka
![Gas](/cache/06-20/bp-112.e460f6b8.jpg)
2020, June, 10, 12:20:00
BP CUTTING 10,000 JOBS, $3 BLN
BP will begin a process of cutting 10,000 jobs following the end of a three-month redundancy freeze that started in March.
![Gas](/cache/06-20/lng-241.c95cd3a4.jpg)
2020, June, 9, 17:30:00
GLOBAL LNG MARKET DECELERATION
Global LNG trade in 2019 amounted to 354.73 million mt, which was an increase of 13% from 2018 and the sixth year of consecutive growth,
![Gas](/cache/06-20/energy-141.594ee3ac.jpg)
2020, June, 8, 13:20:00
GLOBAL ENERGY INVESTMENT WILL DOWN $400 BLN
The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.
![Gas](/cache/06-20/lukoil-53.822eedac.jpg)
2020, June, 8, 12:50:00
LUKOIL NET LOSS RUB 46 BLN
In the first quarter of 2020, LUKOIL booked a loss attributable to shareholders in the amount of RUB 46.0 bln.
![Gas](/cache/06-20/rig-172.e93fddfd.jpg)
2020, June, 8, 12:45:00
WORLDWIDE RIG COUNT DOWN 338 TO 1,176
The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020
![Gas](/cache/06-20/rig-171.5841ad29.jpg)
2020, June, 8, 12:40:00
U.S. RIGS DOWN 17 TO 284
U.S. Rig Count is down 17 rigs from last week to 284, Canada Rig Count is up 1 rig from last week to 21
![Gas](/cache/06-20/norway-36.e70699d8.jpg)
2020, June, 5, 12:15:00
NORWAY CUT INVESTMENT
Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.
![Gas](/cache/06-20/brazil-4.57349033.jpg)
2020, June, 3, 12:40:00
BRAZIL'S PETROLEUM PRODUCTION 3.7 MBD
Companies operating in Brazil pumped 3.738 million b/d of oil equivalent in April
![Gas](/cache/06-20/lng-240.00e48331.jpg)
2020, June, 3, 12:20:00
EXXON LNG WILL UP
There is a lot of opportunity for natural gas and LNG to make more of an impact on the global energy mix.