2016, March, 22, 19:00:00TRANSCANADA DEAL: $13 BLN
The deal will give Calgary-based TransCanada a strategic position in the Marcellus and Utica shales of Pennsylvania, Ohio and West Virginia, the most promising regions in the US for gas production growth.
2016, March, 22, 18:55:00RUSSIAN LNG AMBITIONS
This supply growth, with ebbs and flows, is likely to continue. The Russian medium- to long-term optimism is that gas will be a growth fuel – a clean, adaptable C02-light fuel that could replace coal across the world into the 2020s.
2016, March, 22, 18:50:00AUSTRALIAN LNG: TO JAPAN
The first export is a significant milestone for the Gorgon project, which has been hit by delays and a jump in costs since construction started, as it begins generating revenue for Chevron and its partners.
2016, March, 22, 18:45:00IRAQ'S FIRST GAS EXPORT
In November 2011, Iraq signed a $17 billion deal to form a joint venture to gather, process and market gas from three oil fields in the oil-rich province of Basra. The fields are the 17.8 billion-barrel Rumaila, the 4.1 billion barrel Zubair field and the 8.6 billion barrel West Qurna Stage 1.
2016, March, 22, 18:40:00CHINA'S IMPORTS ROSE 20%
China's total oil imports rose about 20 percent on year to the highest ever on a daily basis in February, when near 10-year low global oil prices drove buying from a group of new importers and for state and commercial stockpiling.
2016, March, 22, 18:35:00CNOOC & SHELL INVESTMENT
The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units, which will increase ethylene capacity by more than 1 million tonnes of per year, about double the current capacity. It will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest such plant ever built in China.
2016, March, 22, 18:30:00ENI CUTS 21%
Eni expects 1.6 billion boe in oil and gas discoveries during the period while maintaining average exploration spending in line with 2015 levels. Notwithstanding an 18% reduction in overall upstream capex, cumulative production growth of 13% to 2019 is expected.
2016, March, 19, 19:05:00RUSSIAN - CHINESE TRANSACTION
OAO NOVATEK announced the closing of a transaction to sell a 9.9% equity stake in the Yamal LNG project (“Project”) to China’s Silk Road Fund (“SRF”) for a payment amounting to EUR 1,087 million.
2016, March, 19, 19:00:00ISRAEL & RUSSIA COLLABORATION
Israel and Russia are about to agree upon a modus operandi in the East Mediterranean concerning weapons and natural gas deals, several Israeli media reports indicate. According to various assessments, the bottom line of such an agreement would be that Israel will not sell natural gas to Turkey and, in return, Russia won't supply S-300 anti-aircraft missiles and other advanced weapon systems to Iran and other regional enemies of Israel.
2016, March, 19, 18:55:00CHINA INCREASED BY 50%
The Central Government of the People's Republic of China (PRC), as part of the country's 13th Five-Year Plan, has implemented a 50% increase, from $0.87 per thousand cubic feet (Mcf) to $1.31/Mcf, in the level of cash subsidy to be paid per Mcf paid for coalbed methane (CBM) produced, according to Green Dragon Gas Ltd., one of the largest independent companies involved in the production and sale of CBM gas in China.