2016

“Our goal is to sell LNG,” she said. “We’re happy to help local developers by investing in infrastructure if it helps the market grow.”

Lenders including JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp. are setting aside more money to cover potential loan losses after crude prices fell 61 percent in less than two years.

Gas output from the top seven shale deposits will fall by 1.1 percent to 45.93 billion cubic feet a day from April, the biggest percentage decline since March 2013. The retreat is led by the oil-rich Eagle Ford deposit in Texas and the Niobrara shale in Colorado and neighboring states, where gas is pumped as a byproduct of crude extraction.

В нефтяной отрасли, в прошлом году отмечался прирост добычи нефти и газового конденсата (+1,4 % по сравнению с 2014 г.), был установлен новый национальный рекорд по добыче – 534,1 млн тонн. Благодаря задействованным механизмам льготирования, выросла добыча в Восточной Сибири и на Дальнем Востоке – на 7,8% до 63,5 млн тонн, на континентальном шельфе – на 17,3% до 19 млн тонн, на месторождениях с трудноизвлекаемыми запасами – на 1,2% до 33 млн тонн.

“The oil price is growing. I think everyone is expecting the successful outcome of our work,” Mr Sechin said. “We will need higher price levels than $45 or even $50 a barrel.”

"Now we're seeing reductions in spending on shorter cycle projects, in other words immediate drilling activity," Watson said. "Rig rates in the US are down almost 80%, we're seeing decline in rig rates around the world and we're starting to see the supply response that everyone has expected. So we're seeing the markets come back into better balance [but] it may take more time."

Crude oil production in May from the seven major US shale regions is expected to fall 114,000 b/d month-over-month to 4.84 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).

China National Offshore Oil Corp. towed the rig, known as HYSY 981, into a disputed area of the South China Sea in May 2014, triggering an uproar in Vietnam. Anti-Chinese riots broke out in several parts of the country while Chinese and Vietnamese coast-guard and fishing vessels stood off against each other at sea.

The squeeze puts further pressure on the shale industry to sell assets, cut jobs and drilling and shrink capital spending. It also raises the risk that more companies will tip into bankruptcy.

The world's top crude oil exporter asked banks for a loan worth between $6 billion and $8 billion that would run for five years, sources told Reuters last month, as the kingdom seeks to plug a record budget deficit caused by low oil prices.