2016-03-03 18:55:00
ANADARKO SELLS MORE
Anadarko will sell more assets and reduce by nearly half its spending on oil and natural gas exploration this year.
One of the world's biggest independent oil and natural gas exploration and production companies, Anadarko said Tuesday it will cut capital expenditures this year to between $2.6 billion and $2.8 billion, from about $5.5 billion last year.
"Nearly all of the reduction is being taken out of our U.S. onshore activities," company spokesman John Christiansen said in an interview.
Cutbacks by Anadarko and other U.S. producers have played…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
Chronicle:
2019, April, 24, 11:05:00
OIL PRICES: SHALE & FRACKING
As the BRENT surges past 73$/barrel, it's expected that Brent trades at a premium with regards to the Brent-Dubai Spread Chart.
2019, April, 24, 11:00:00
U.S., IRAN SANCTIONS
Oil futures settled at fresh six-month highs Monday as the market looked at an increasingly tight global supply picture in light of the White House decision. ICE June Brent settled up $2.07/b at $74.04/b, and NYMEX May WTI settled $1.70/b higher at $65.70/b. Monday marked the highest front-month settle for both contracts since late October, just before the US sanctions snapped back.
2019, April, 24, 10:55:00
RUSSIA'S GAS THROUGH UKRAINE
Gazprom is looking to bypass Ukraine completely with the construction of the 55 Bcm/year Nord Stream 2 pipeline and the 31.5 Bcm/year TurkStream link, though some delays mean some kind of deal with Kiev will be necessary.
2019, April, 24, 10:50:00
APICORP ENERGY INVESTMENTS $1 TLN
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, forecast in its MENA Annual Energy Investment Outlook 2019 that current and planned energy investments in the region add up to $1trn for the next five years.
2019, April, 24, 10:45:00
EXXON'S LNG FOR CHINA
ExxonMobil said that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20 years.
2019, April, 24, 10:40:00
FRANCE'S NUCLEAR IS IMPORTANT
France's ambitious energy plan will require substantial investment efforts over the next few years. Against this backdrop, the French government has expressed a willingness to propose a new remuneration framework for the existing nuclear fleet - though the timing and details of such a regulatory change remain uncertain and remote. What's more, the French state has opened the option of increasing its stake in EDF (currently 83.7%) by as early as 2019. If, or indeed when, these developments are implemented it could be credit positive.
2019, April, 24, 10:35:00
SMALL NUCLEAR QUESTIONS
The race for investor commitments of cash and eventual market share among developers of small modular reactors (SMRs) globally is on. Developers in the U.S., Canada, U.K., South Korea, Russia, and China, and in other nations are pursuing their technology visions for a variety of designs concepts including light water (LWR), molten salt, HTGR, and other GEN IV types.