May 2015
2015, May, 28, 18:40:00
ISRAEL'S GAS POLICY
Discoveries of natural gas offshore Israel signalled the eastern Mediterranean as a new frontier for the development of natural gas resources. The gas discoveries provide a unique opportunity for Israel to change its mentality vis-à-vis neighbouring countries and view the resources as a tool for strengthening regional cooperation and solidarity through energy diplomacy. While security concerns in Israel remain paramount, diplomacy in the context of the eastern Mediterranean transcends traditional foreign and security policy considerations, and attempts to use economic and commercial means to interlink the countries of the region through energy relations.
2015, May, 28, 18:35:00
SWISS & RUSSIAN OIL
Through a series of deals with Rosneft, the Russian state-controlled oil company, Trafigura exported almost 9m barrels of crude in April, worth more than $500m, according to port data compiled by Nefte Compass, an industry publication.
2015, May, 28, 18:30:00
VENEZUELA & RUSSIA INVESTMENT: $14 BLN
Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro said on Wednesday evening.
2015, May, 28, 18:25:00
INDONESIA NEED OIL
"Indonesian energy minister Sudirman Said met with Iran's oil minister Bijan Namdar Zangeneh last week. We [Indonesia and Iran] agreed on two things -- Indonesia to buy Iranian crude and Iran allows Indonesia to participate in upstream business there," Dadan Kusdiana, spokesman at the energy and mines ministry said Thursday.
2015, May, 28, 18:20:00
UK OIL & GAS REGULATOR
The UK's new Conservative government is planning an energy bill to set up the new Oil and Gas Authority with the powers it needs to become a "robust, independent and effective regulator"
2015, May, 28, 18:15:00
TOTAL FOR ANGOLA: 2 BLN BBL
Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.
2015, May, 28, 18:10:00
EXXON CHOOSE NOT TO LOOSE
At the oil giant’s annual meeting on Wednesday in Dallas, CEO Rex Tillerson gave a stay-the-course outlook for the company, which has seen profits decline recently with lower prices for crude oil.
2015, May, 28, 18:05:00
ENI FIND LIBYA
The Italian energy company Eni has discovered a gas and condensate deposit in the rich Bouri Field off the coast of Libya, the second such discovery of 2015. Both discoveries come as the North African country is engaged in a protracted civil war.
2015, May, 28, 18:00:00
CNPC FINDS BIG OIL
China’s CNPC said Tuesday that it has made the country’s first ever tight oil discovery to exceed 100 million tons.
2015, May, 27, 18:30:00
SAUDI PRICE WAR
Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon