ENI & STATOIL: DELAY STARTAP

Italy's Eni SpA said Friday it and partner Statoil AS decided to further delay the startup of the Goliat oil field in the Barents Sea to mid-2015, following technical challenges and significant cost overruns.
Eni said the Goliat project was currently estimated to cost NOK45 billion ($7.6 billion), compared with an original estimate of NOK30.9 billion in the operator's development plan from 2009.
The field was set to start producing in the fourth quarter of this year, but a much work still remains to finish the rig at the Hyundai Heavy Industries yard in Korea, according to an audit report from Norway's Petroleum…
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February, 18, 12:30:00 |
OIL PRICE: ABOVE $66 |
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February, 18, 12:25:00 |
OIL DEMAND GROWTH 1.4 MBD |
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February, 18, 12:20:00 |
BRENT OIL: UNDERVALUED |
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February, 18, 12:15:00 |
U.S. OIL PRODUCTION 11.9 MBD AGAIN |
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February, 18, 12:10:00 |
BENEFIT FOR RUSSIA |
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February, 18, 12:05:00 |
LATIN AMERICA ENERGY FORUM FEBRUARY 2019 |
Chronicle:

БЫСТРАЯ СИЛА СИБИРИ
ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».

U.S. TIGHT OIL PRODUCTION 7 MBD
U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.

U.S. SHALE NEED INVESTMENT
REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.

U.S. INDUSTRIAL PRODUCTION DOWN 0.6%
U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.