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2014-07-17 21:24:00

BLACK SEA: NEW OIL

BLACK SEA: NEW OIL

South eastern Europe's largest oil and gas producer OMV Petrom encountered a new oil reservoir when drilling the Marina 1 well located in the Istria XVIII offshore Perimeter in the Black Sea, according to a company statement.

Initial production tests anticipate the production potential to be 1,500 barrels of oil per day to 2,000 bpd. If OMV Petrom determines the reservoir is commercially viable, it will develop the necessary infrastructure to drill production wells. Production could begin within the next three to four years.

The Marina 1 well was drilled 196,850 feet from the shore where the water is approximately…

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Tags: BLACK, SEA, OIL, PETROM, GAS, EXXON
BLACK SEA: NEW OIL February, 18, 12:30:00

OIL PRICE: ABOVE $66

BLACK SEA: NEW OIL February, 18, 12:25:00

OIL DEMAND GROWTH 1.4 MBD

BLACK SEA: NEW OIL February, 18, 12:20:00

BRENT OIL: UNDERVALUED

BLACK SEA: NEW OIL February, 18, 12:15:00

U.S. OIL PRODUCTION 11.9 MBD AGAIN

BLACK SEA: NEW OIL February, 18, 12:10:00

BENEFIT FOR RUSSIA

BLACK SEA: NEW OIL February, 18, 12:05:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

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Chronicle:

BLACK SEA: NEW OIL
2019, February, 18, 12:00:00

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».

BLACK SEA: NEW OIL
2019, February, 18, 11:55:00

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.

BLACK SEA: NEW OIL
2019, February, 18, 11:50:00

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.

BLACK SEA: NEW OIL
2019, February, 18, 11:45:00

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.

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