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March 2016

March 2016
2016, March, 4, 19:50:00
CHINA'S LOAN FOR GAZPROM
Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement.
March 2016
2016, March, 4, 19:45:00
STATOIL STARTED DRILLING
Production drilling has commenced on the first of a total of 35 wells to be drilled during Phase 1 of the Johan Sverdrup field development offshore Norway in the North Sea, operator Statoil ASA reported.
March 2016
2016, March, 4, 19:40:00
BP NET LOSS $6.4 BLN
In 2015 we continued to adapt to the tough environment created by the dramatic drop in oil prices. We have seen prices crash before, but this fall has been particularly steep, from over $100 a barrel in mid-2014 to below $30 by January 2016. The work we have done to reshape and strengthen BP after 2010 stood us in good stead to withstand these conditions and last year we took further action to make the business more resilient in the short term. We also continue to invest for long-term growth. Our safety record improved, along with operating reliability, while costs came down and capital discipline was maintained. The current environment has however impacted our financial results, as well as those of our competitors. So, while the oil price is beyond our control, we have performed strongly on the factors that we can control.
March 2016
2016, March, 3, 19:25:00
РОССИЯ СТАБИЛИЗИРУЕТ РЫНОК
По итогам совещания Александр Новак сообщил, что нефтяные компании подтвердили готовность не наращивать добычу нефти. «Компании подтвердили, что они поддерживают эту инициативу. В целом, это должно дать довольно позитивный результат для рынка, поскольку будет способствовать снижению волатильности цен и обеспечит компаниям возможность планирования деятельности на более долгосрочную перспективу», – рассказал Министр.
March 2016
2016, March, 3, 19:20:00
SAUDI RAISES PRICE
The world's biggest oil exporter lifted the official selling price (OSP) of its benchmark Arab Light crude by 25 cents a barrel for cargoes loading in April.
March 2016
2016, March, 3, 19:15:00
INDIA'S & IRANIAN OIL UP 20%
Iran is working to regain market share after sanctions relief and exports had already risen by 500,000 bpd in February, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), told Reuters on Tuesday.
March 2016
2016, March, 3, 19:10:00
OIL PRICE UP: $34
Light, sweet crude oil prices on the New York market gained modestly to settle above $34/bbl on Mar. 1, and Russia state news agency TASS reported Russia’s Energy Minister Alexander Novak said a “critical mass” of oil-producing countries had agreed to freeze oil production.
March 2016
2016, March, 3, 19:05:00
EXXON'S PRODUCTION WILL DOWN
Exxon said it expected production in 2020 to be between 4m and 4.2m barrels of oil equivalent per day. That is lower than the projection Exxon set out a year ago, when it expected output would average 4.3m barrels per day in 2017.
March 2016
2016, March, 3, 19:00:00
NOVATEK INCREASED TWOFOLD
Profit attributable to NOVATEK shareholders increased twofold to RR 74.4 billion, as compared to RR 37.3 billion in 2014. The amount of profit and its dynamics were significantly impacted by the foreign exchange effect and the change in fair value of non-commodity financial instruments (including at the joint ventures level), as well as the effect of disposal of interests in joint ventures. Net of these effects, our adjusted profit attributable to NOVATEK shareholders in 2015 and 2014 totaled RR 135.0 billion and RR 104.8 billion respectively, representing a year-on-year increase of 28.9%.
March 2016
2016, March, 3, 18:55:00
ANADARKO SELLS MORE
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.