Investments
2016, April, 5, 18:35:00
SINO-RUSSIAN COOPERATION
The prospect of Sino-Russian gas cooperation could be very broad and more importantly decades of negotiation, joint projects and interactions have laid the foundation for future cooperation.
2016, April, 3, 16:15:00
SAUDI FUND $2 TRILLION
The sale of Aramco, or Saudi Arabian Oil Co., is planned for 2018 or even a year earlier, according to the prince. The fund will then play a major role in the economy, investing at home and abroad. It would be big enough to buy Apple Inc., Google parent Alphabet Inc., Microsoft Corp. and Berkshire Hathaway Inc. -- the world’s four largest publicly traded companies.
2016, April, 3, 16:00:00
BP & CNPC CONTRACT
BP’s Energy Outlook for 2016 forecasts that by 2035 shale gas will account for a quarter of total gas produced globally and China will become the world’s largest contributor to growth in shale gas production.
2016, April, 3, 15:55:00
BP & KUWAIT AGREEMENT
The framework agreement includes opportunities for joint investment in future oil and gas exploration, and possible oil and gas trading deals, including LNG.
2016, March, 31, 19:25:00
SAUDI EXPANSION
The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser told reporters during a conference in Al-Ahsa in eastern Saudi Arabia. Aramco is also studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000 barrels a day, he said Wednesday.
2016, March, 31, 19:15:00
LNG PROJECTS DOWN
Even if demand can rise to meet existing and under construction supply, this doesn't necessarily support the development of a raft of proposed projects.
2016, March, 29, 18:45:00
ISRAELI GAS DECISION
Critics said the deal gave too much profit to corporations at the public's expense.
The court opposed a clause that would prevent Israel from making significant regulatory changes for the next ten years.
2016, March, 29, 18:30:00
MONEY LEAVE EXXON
The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks.
2016, March, 29, 18:20:00
SHELL NEED $30 BLN
Royal Dutch Shell has confirmed it is reviewing the case for selling some of its North Sea assets in the wake of its £35bn takeover of rival oil and gas producer, BG Group.
2016, March, 29, 18:15:00
ROSNEFT: 5 MBD
Rosneft set a new record, having increased hydrocarbon production up to 254.2 mmtoe (5.16 mmboed). Development drilling meterage increased by 36% and reached 6.9 mln meters. More than 1.8 thousand of new wells were commissioned.
2016, March, 25, 20:05:00
GLOBAL OIL & GAS TRANSFORMATION
Europe and Russia are each trying to diversify—the first by getting more gas suppliers, and the second by trying to sell more gas to China and East Asia.
2016, March, 25, 19:55:00
OIL NEED $300 BLN
Neil Atkinson, head of the IEA’s Oil Industry and Markets Division, said in Singapore on Wednesday. About $300 billion is needed to sustain the current level of production, and nations including the U.S., Canada, Brazil, and Mexico are facing difficulty in keeping up investments, he said.
2016, March, 25, 19:50:00
OIL & GAS LOSSES: $150 BLN
“Low oil prices fuel a reduction in risk-taking, and when there is less risk-taking, asset prices will fall. It can lead to a downward asset price spiral,”
2016, March, 25, 19:35:00
INDIA & RUSSIA DEAL
India is replacing China as the center of the world’s oil demand growth as its economy expands faster than any other major country and Prime Minister Narendra Modi has made energy security a priority for the nation, which imports 80 percent of its oil requirements.
2016, March, 25, 19:25:00
AUSTRALIAN LNG: $400 BLN DOWN
More than $400 billion of proposed energy projects have been delayed since mid-2014 and pushed into 2017 and beyond as oil prices slid about 60 percent in the past two years, according to consulting firm Wood Mackenzie Ltd. The LNG market in particular is facing an oversupply as U.S. exports add to a wave of shipments from Australia.