2015-09-01 18:35:00
THE LARGEST UK GAS
The offshore development of the largest new field discovered in the UK North Sea for a decade has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also the largest gas field sanctioned since East Brae in 1990.
Discovered in 2008 by Maersk Oil and its co-venturers, the gas condensate field has resources estimated at 250-300 million barrels of oil equivalent. Production is expected to start in 2019 and continue for at least 13 years, with plateau production of 60,000-90,000…
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2019, June, 17, 12:35:00
COAL FOR JAPAN
Japan imported more than 210 million short tons (MMst) of coal in 2018, making it the world’s third-largest coal-importing country after only India and China. Japan continues to use steam coal to fuel one-third of its electricity generation and metallurgical coal for raw steel production.
2019, June, 17, 12:30:00
SBERBANK, EUROCHEM, SUEK STRATEGIC PARTNERSHIP
Sberbank, EuroChem Group AG and SUEK JSC announced a strategic co-operation agreement signed at the St. Petersburg International Economic Forum.
2019, June, 17, 12:25:00
6 UNDERVALUED ENERGY STOCKS ANEW
Let’s see which companies are still undervalued and which ones are out of my radar. Some of them reached their fair value and some other stopped to satisfy my parameters.
2019, June, 17, 12:20:00
GREENHOUSE GAS EMISSIONS 55%
U.N. Secretary-General Antonio Guterres has called on the European Union to aim for a 55% cut in greenhouse gas emissions by 2030, far more than the bloc’s current target for a 40% reduction.
2019, June, 17, 12:15:00
RUSSIA'S FUND WILL BE $200 BLN
The NWF currently stands at $59 billion and is expected to quadruple to over $200 billion, or 12% of gross domestic product, in 2021. Under the law, Russia may start to use the fund as soon as it reaches 7% of GDP.
2019, June, 17, 12:10:00
U.S. RIGS DOWN 6 TO 969
BHGE - U.S. Rig Count is down 6 rigs from last week to 969, with oil rigs down 1 to 788, gas rigs down 5 to 181, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 4 rigs from last week to 107, with oil rigs up 10 to 69 and gas rigs down 6 to 38.
2019, June, 14, 11:20:00
OIL PRICE: ABOVE $61 AGAIN
Brent crude futures were up 23 cents, or 0.4%, at $61.54 a barrel by 0638 GMT, having settled up 2.2% on Thursday. U.S. West Texas Intermediate crude futures were down 1 cent at $52.27 a barrel, after earlier rising. WTI also closed up 2.2% in the previous session, but is on course for a weekly decline of 3.2%.