April 2015
2015, April, 9, 19:20:00
RUSSIAN GAS CHALLENGES
The next decade will be critical for the Russian natural gas industry with the outcome largely depending on the nation’s pricing and institutional policies
2015, April, 9, 19:15:00
SOUTH STREAM FOREVER
Representatives of five countries - Hungary, Serbia, Macedonia, Greece and Turkey - met in Budapest on Tuesday, announcing the formation of a working group to facilitate natural gas deliveries - specifically infrastructure development - to their markets from gas emanating from Turkey including possible participation in the Turkish Stream pipeline.
2015, April, 9, 19:10:00
GREECE COULD BE THE HUB
The Turkish Stream pipeline project is Russia's replacement for the South Stream project, which the EU effectively put on hold due to legal issues involving the same company supplying gas and constructing and owning the pipeline transporting the gas.
2015, April, 9, 19:05:00
€ 75MLN FOR SOUTH STREAM
Gazprom approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.
2015, April, 9, 19:00:00
GAZPROM BUYS 49%
Russia’s JSC Gazprom Neft has entered an agreement with Vietnam National Oil & Gas Group (PetroVietnam) to purchase a 49% interest in the 6.5 million-tonne/year Dung Quat refinery.
2015, April, 9, 18:55:00
IRAN – PAKISTAN: CHINA PIPELINE
China will build a pipeline to bring natural gas from Iran to Pakistan to help address Pakistan’s acute energy shortage, under a deal to be signed during the Chinese president’s visit to Islamabad this month, Pakistani officials said.
2015, April, 9, 18:50:00
MEGA-DEAL $70 BLN
Shares in BG Group rose as much as 42 percent in early trade after Royal Dutch Shell agreed to pay that amount (47 billion pounds) for its smaller rival, making it the biggest deal in the sector in more than a decade.
2015, April, 9, 18:45:00
2016: OIL PRICES COULD BE REDUCED
Iran is believed to hold at least 30 million barrels in storage, and EIA believes Iran has the technical capability to ramp up crude oil production by at least 700,000 bbl/day (bbl/d) by the end of 2016. The pace and magnitude at which those volumes would reach the market would depend on the terms of a final agreement.
2015, April, 9, 18:40:00
U.S.: THE LARGEST PRODUCER
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. Energy Information Administration estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum.
2015, April, 9, 18:35:00
U.S.: THE MONEY EXHAUSTED
Ever since the exponential boom of light tight oil (LTO) production flowing from the major shale plays began, American refineries have worked vigorously to process greater LTO volumes. Now a new report has stated that the load is beginning to become a burden, and the cheapest options for refineries to take on the growing amounts of LTO are over.