2015, November, 9, 19:40:00U.S. RIGS DOWN 4
U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and gas rigs up 2 to 199. U.S. Rig Count is down 1,154 rigs from last year at 1,925, with oil rigs down 996, gas rigs down 157, and miscellaneous rigs down 1 rig. The U.S. Offshore rig count is 32, down 1 rig from last week, and down 21 rigs year over year.
2015, November, 6, 19:55:00GAS PRICES ARE LOWER
The winter natural gas futures strip, the four contracts from December 2015 through March 2016, averaged $2.419 per million British thermal units (MMBtu) over the report week (Wednesday, October 28, through Wednesday, November 4). This is nearly 40% lower than the five-year average, and one-third lower than the five-year minimum in trading on the New York Mercantile Exchange (Nymex).
2015, November, 6, 19:40:00RIGS DOWN 1571
The worldwide rig count for October 2015 was 2,086, down 85 from the 2,171 counted in September 2015, and down 1,571 from the 3,657 counted in October 2014.
2015, November, 6, 19:35:00RUSSIAN - JAPANESE BRIDGE
“The efficiency of Japanese investments (alternative to those in Russia) is mostly very low. From what we know in the last 3 yeast Japanese firms faced almost 600 bln yen of write downs (around 6 bln USD) because of bad investments in projects associated with hard-to-recover hydrocarbons in US and Canada, and also because of unsuccessful projects in the North Sea. And this had to be done in a period of high oil prices! De-facto IRR for international upstream projects of INPEX by the end of 2014 was 3.1% (Wood Macikenzie estimates). This is around 4 times less than a standard revenue ratio”.
2015, November, 5, 20:00:00EUROPE WANTS LNG
The Commission would assess it "rigorously against the European regulatory framework," it said, and the project would have to comply with environment, competition and public procurement rules.
2015, November, 5, 19:55:00LNG WILL RETURN
“There are a lot of gas projects under development in the world, and that will drive demand for more ships,” Kim said Oct. 28. “Growing environmental concerns also are pushing demand for more gas-powered power plants, which means there will be more demand for gas.”
2015, November, 5, 19:50:00POLAND VS NORD STREAM
Referring to the Nord Stream projects I & II, former Deputy Prime Minister of Poland Janusz Steinhoff said: “From the point of view of domestic diversification and policy, these projects are extremely irrational, because these are examples of bypassing various regulations to liberalize the gas markets which are in place in the European Union. In other words, Nord Stream I & II are not subject to regulation that gas pipelines running through the EU are, and this is an evident example of an irrational approach and a lack of solidarity in Europe.”
2015, November, 5, 19:40:00TURKEY WANTS MORE
Turkey said in February it struck a deal giving it a 10.25 percent price discount on gas from Russia's Gazprom but that accord was not signed and state pipeline operator Botas said last week it had appealed to the International Chamber of Commerce (ICC) after months of fruitless talks. "An agreement was clinched on the 10.25 percent, therefore we are taking that as our base level, but will seek a higher discount at international arbitration," Alaboyun said in an interview.
2015, November, 5, 19:25:00MEXICO GAS DEMAND UP
Torres-Barron noted that gas demand in Mexico “has increased significantly in the last decade and it keeps growing at almost a 4% yearly rate,” which will result in transportation infrastructure being expanded in length by 84%.
2015, November, 3, 19:30:00THE DOUBLE OIL & GAS
"Energy resources are plentiful. Concerns over running out of oil and gas have disappeared," Eyton said at the launch of BP's inaugural Technology Outlook.
2015, November, 3, 19:20:00RUSSIAN - TURKISH GAS PRICE
"If both countries agree on the discount, progress can be achieved on the Turkish Stream Natural Gas Pipeline project, which both countries will benefit from economically"
2015, November, 2, 19:30:00JAPAN & RUSSIAN LNG
Sakhalin II is one of the most successful export projects targeting the Asian-Pacific region. The key to success lies in integration: it is managed and operated by Sakhalin Energy Company and its shareholders: Gazprom (50% and 1 share), Shell (27.5% minus 1 share), Mitsui (12.5%), Mitsubishi (10%).
2015, November, 2, 19:25:00CHEAPER U.S. LNG
Long term, US LNG, will be cheaper on a cost basis than LNG from most of the rest of the world, according to Kimball Chen, Chairman, Energy Transportation Group.
2015, November, 2, 19:20:00U.S. RIGS DOWN 12
U.S. Rig Count is down 12 rigs from last week to 775, with oil rigs down 16 to 578, and gas rigs up 4 to 197. U.S. Rig Count is down 1,154 rigs from last year at 1,929, with oil rigs down 1,004, and gas rigs down 149. The U.S. Offshore rig count is 33, down 2 rigs from last week, and down 20 rigs year over year.
2015, October, 30, 19:25:003Q: OIL&GAS M&A
During the 3-month period ending Sept. 30, an overall total of 51 oil and gas deals took place, accounting for $91.2 billion, which was higher than the 47 deals worth $38.8 billion that occurred in the previous quarter, but still down from the 83 deals worth $125.7 billion that occurred in third-quarter 2014.