2015, November, 20, 19:50:00AFRICA IS CLOSED
“Capital markets are effectively closed to the oil and gas industry” in Africa, Tony Hayward, former head of BP Plc and now chairman of Genel Energy Plc, said at a conference in Cape Town last month. “A decade of exploration, with billions of dollars invested and only limited commercial success.”
2015, November, 20, 19:40:00CANADA: WORST PERIOD
CAODC announces its 2016 Drilling Forecast • Projected 2016 wells drilled: 4,728—a decrease of 58% from 2014 (11,226) • Projected operating days: 56,260—a decrease of 57% from 2014 (131,021) • Rig fleet expected to contract by 62 (758 drilling rigs to 696 drilling rigs) • 57% decrease in employment from 2014 levels (-28,485 jobs)
2015, November, 20, 19:35:00AUSTRALIAN LNG UP
Australia is significantly adding to global liquefied natural gas (LNG) supply capacity. Two new facilities started LNG exports within the last 12 months, and 5 more projects are under construction, scheduled to come online by 2018. With this growth, Australia is expected to overtake Qatar and Malaysia to become the world's largest LNG exporter, with 11.4 billion cubic feet per day (Bcf/d) of liquefaction capacity by 2019.
2015, November, 20, 19:30:00RUSSIAN ACQUISITION
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce the acquisition of the entire issued share capital of two private Russian companies, RK-Oil Limited (“RK”) and BVN Oil Limited (“BVN”), from Mr Ilya Glebov. These companies were formed in 2014 in order to participate in public auctions for oil exploration and production licenses in Russia’s Komi region. Following these auctions both RK and BVN hold licenses in the Komi region.
2015, November, 19, 20:00:00RUSSIAN GAS UP
Algeria and Libya may reduce deliveries to Europe in the next two to three years because of political instability, lack of investment and contract renegotiations, according to Carlo Malacarne, CEO of Italy’s Snam, Europe’s biggest gas transmission operator by pipeline length and storage capacity. Its Italian network includes entry points for gas arriving from North Africa and Russia.
2015, November, 19, 19:45:00EUROPE NEEDS DIVERSIFICATION
"In 2016, geopolitical challenges will not go away. We have to keep pushing for diversification of energy sources," Sefcovic said, reiterating that the Commission would scrutinize whether the Nord Stream plan complied with EU rules.
2015, November, 19, 19:40:00YAMAL LNG DESISION
The financing problems for the project stems from U.S.-led sanctions against Russia’s oil and natural gas sector over Russia’s invasion of Ukraine in early 2014. Also, in June the EU extended economic sanctions on Russia until January 3, in a move that media said at the time was “keeping up pressure on Moscow to help resolve the Ukraine conflict.”
2015, November, 19, 19:35:00AZERBAIJAN GAS UP 6%
Azerbaijan’s commercial gas production increased by 6.2 percent in 10 month of 2015, compared to the same period in last year, the State Statistical Committee of Azerbaijan reported on November 17.
2015, November, 18, 19:35:00U.K. ENERGY PRIORITIES
The U.K. government will make keeping the lights on the top priority with natural gas and nuclear power playing a central role in that goal, Energy and Climate Change Secretary Amber Rudd is expected to say in a major speech later Wednesday setting out a new energy policy for the country.
2015, November, 18, 19:30:00U.S. GAS TO EUROPE
Gazprom would need to bring spot gas prices below $4 per million British thermal units (mmBtu), versus around $5.65 per mmBtu now, to shut Europe off to U.S. imports - a level Goldman Sachs expects could be reached by 2018/2019.
2015, November, 18, 19:30:00RUSSIAN - GERMAN NORD STREAM
Gabriel explained that he would ensure that construction of the pipeline would remain legal in the eyes of the German authorities. Gabriel also made it clear that Brussels should have limited involvement with the project.
2015, November, 15, 14:30:00PRESSURE ON IRAN
Iran said in September it had approved a draft of international oil and gas contracts to attract foreign investors and oil buyers once international sanctions are lifted but has not provided details so far.
2015, November, 15, 14:25:00IRAN STARTS 18 PROJECTS
The country produced 44.5 million tons of petrochemicals in the past Iranian calendar year (ended on March 20, 2015), with over 10 percent rise from 40.5 million tons in its preceding year.
2015, November, 15, 14:20:00RUSSIAN - IRANIAN TALKS
Tehran has recently strengthened ties with Moscow, which is considering providing two loans worth a total of $7 billion to Iran.
2015, November, 15, 14:15:00NORWAY'S GAS UP
"The total petroleum production for the first ten months in 2015 is about 188.6 million Sm3 [standard cubic metres] oil equivalents (MSm3 o.e.), broken down as follows: about 74.9 MSm3 o.e. of oil, about 18.2 MSm3 o.e. of NGL and condensate and about 95.5 MSm3 o.e. of gas for sale. The total volume is 10.3 MSm3 o.e. higher than for the same period in 2014," the Norwegian Petroleum Directorate (NPD) wrote on Friday.