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August 2016

August 2016
2016, August, 18, 18:35:00
CASPIAN OIL UP
The Russian government has issued the license for the Central Oil and Gas Company – a joint venture between Lukoil (25%), Gazprom (25%) and Kazakhstan’s KazMunaiGaz (50% ) – to develop the Central field.
August 2016
2016, August, 18, 18:30:00
IRAN & INDONESIA AGREEMENT
Indonesia's Pertamina has signed a deal with Petrochemical Commercial Company (PCC) of Iran for the import of refined petroleum and petrochemical products.
August 2016
2016, August, 17, 18:40:00
OIL PRICES: $35 - $45
In our view, crude prices in the next few months are likely to exhibit a sideways-to-bearish trend, mostly trading in the $35-$45 per barrel range. As North American supply remains strong and demand looks underwhelming, we are likely to experience pressure to the price of a barrel of oil.
August 2016
2016, August, 17, 18:35:00
CHINA & VENEZUELA COOPERATION
“In this underground lies the energy that China needs for the future. Currently, we are sending 600 Mbpd of crude to China, and we expect to increase this trade to more than 1 MMbpd within the next years.”
August 2016
2016, August, 17, 18:30:00
INDIA SAVES $3 BLN
India will save about Rs 20,000 crore ($3bn) as it has renegotiated a long-term LNG import deal with Qatar, Prime Minister Narendra Modi said on Monday.
August 2016
2016, August, 16, 18:50:00
OIL PRICES: $48
Brent crude futures were trading at $48.35 per barrel at 0737 GMT (3:37 a.m. ET), flat from their last close, but over 15 percent higher than the $41.51 low for the month on Aug. 2. U.S. West Texas Intermediate crude was trading at $45.76 a barrel, up 2 cents from its previous close, and still over 16 percent above its $39.19 monthly low from Aug. 3.
August 2016
2016, August, 16, 18:45:00
GAS PRODUCTION 2040: 554 BCFD
Natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040.
August 2016
2016, August, 16, 18:40:00
U.S. OIL PRODUCTION DOWN 85 TBD
U.S. oil production down 85 tbd, gas production down 373 mcfd.
August 2016
2016, August, 16, 18:35:00
PETROBRAS NET INCOME $106 MLN
Net income attributable to the shareholders of Petrobras of US$ 106 million, compared to net loss attributable to the shareholders of Petrobras of US$ 318 million in the 1Q-2016, as a result of: - A decrease of 22% in net finance expenses; - An 7% increase of crude oil and natural gas total production; - Higher revenues with an increase of 14% in crude oil and oil products exports and lower costs related to natural gas imports; Expenses related to the new Voluntary Separation Incentive Plan (PIDV); and Impairment losses related to Comperj assets.
August 2016
2016, August, 16, 18:30:00
ROSNEFT NET INCOME UP BY 6.4 TIMES
Net income growth by x6.4 times to RUB 89 bln in 2Q 2016 Increase in EBITDA by 27.5%, to RUB 348 bln; EBITDA margin above 27% Effective control of operating and SG&A costs Industry leadership in free cash flow generation Decrease in net debt by 41.4%, to USD 23.4 bln from 1H 2015