2015, June, 29, 18:45:00GAS COMPETITION
Natural gas faces growing competition from coal and renewable energy sources at a time when its potential demand growth is slowing down, an International Energy Agency official said. “The last large contracts for [LNG] were signed in 2014 just before oil prices collapsed. We believe it is still competitive, but there are risks,” said Laszlo Varro, who heads IEA’s gas, coal and power markets division.
2015, June, 29, 18:40:00GAZPROM: NORD STREAM - 2
New corridors along the Nord Stream natural gas pipeline through the Baltic Sea to European markets should be in service by 2019, Russia's Gazprom said.
2015, June, 29, 18:35:00CHINA, ARGENTINA SHALE
Argentina and China have respectively drilled more than 275 and 200 wells targeting shale plays over the past 2 years, providing each country with the potential to significantly increase production of shale gas and tight oil.
2015, June, 29, 18:30:00US RIGS UP 2
U.S. Rig Count is up 2 rigs from last week to 859, with oil rigs down 3 to 628, gas rigs up 5 to 228, and miscellaneous rigs unchanged at 3.
2015, June, 29, 18:10:00150,000 JOBS LOST
According to a recent report from Swift Worldwide Resources, over 150,000 jobs in the global oil and gas industry have been cut since oil prices began to tumble last summer.
2015, June, 25, 19:25:00US WANT TO EUROPE
States are attempting to get their hands on long-term gas supply contracts with the Russian natural gas exporter Gazprom and pave the way for a multi-commodity energy supplier business where they can influence end-user prices directly.
2015, June, 25, 19:15:00GOLDEN 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.”
2015, June, 25, 19:10:00GAS 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.
2015, June, 25, 19:05:00IRAN 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.
2015, June, 23, 18:30:00U.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.
2015, June, 23, 18:25:00U.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.
2015, June, 23, 18:10:00QATAR 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.
2015, June, 23, 18:05:00WINTERSHALL 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.
2015, June, 23, 18:00:00ROSNEFT & 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.
2015, June, 21, 17:20:00U.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%.