2016
![2016](/cache/2016/02/OIL-207.6773501d.jpg)
2016, February, 25, 18:45:00
ASIAN OIL UPHEAVAL
China and India's combined share of world oil consumption has tripled since 1990 to over 16 percent, nearing the U.S. share of roughly 20 percent, cementing their status as the main center of global demand growth.
![2016](/cache/2016/02/SEADRILL-2.23d79121.jpg)
2016, February, 25, 18:40:00
SEADRILL ACHIEVED 95%
In the face of the severe downturn in our industry our priorities for 2016 are to conserve cash and address our financing needs. We have a modern competitive fleet, a proven track record in operations and every intention to position ourselves for a recovery in the sector.
![2016](/cache/2016/02/BRITAIN-4.ed56d5c1.jpg)
2016, February, 25, 18:35:00
UK INVESTMENT DOWN 90%
Sparking fears for the long-term future of the industry, the UK upstream segment is expected to approve fewer than £1 billion in spending on new North Sea projects compared with an average of £8 billion/year over the past 5 years, according to Oil & Gas UK’s 2016 Activity Survey.
![2016](/cache/2016/02/USA-168.341ae94c.jpg)
2016, February, 25, 18:30:00
U.S. OIL INVENTORIES UP
Following the path started in 2015, U.S. commercial crude oil inventories have continued to build in early 2016 and are nearing record highs.
![2016](/cache/2016/02/IRAN-66.b2619449.jpg)
2016, February, 23, 19:15:00
IRAN IS A GOLD MINE
The low oil prices are a lucky charm for Iran, because the production costs in Iran are really low and you can't find any other place in the world that has such low production costs. Also, companies that are coming to invest in Iran would have access to both oil and gas reserves.
![2016](/cache/2016/02/OIL-355.9c8ab6f0.jpg)
2016, February, 23, 19:10:00
SAUDI PRICE WAR
OPEC launched a price war against U.S. shale and other high-cost producers, including Canadian oil sands and Brazilian deep-water oilfields, in November 2014 by not reducing output despite a global oversupply. Since then, oil prices have plunged by more than half, hitting a 12-year low of about $26 on Feb. 11.
![2016](/cache/2016/02/NORTH-SEA-3.158783f3.jpg)
2016, February, 23, 19:05:00
OIL BILLIONS LOSING
Billions of barrels of oil could be lost completely, left in the seabed without the infrastructure or skills to get it out.
![2016](/cache/2016/02/OIL-354.fa4ce6b5.jpg)
2016, February, 23, 19:00:00
ПОЗИТИВНЫЙ СИГНАЛ ДЛЯ РЫНКА
Достигнутая на встрече договоренность о сохранении объемов добычи нефти – позитивный, понятный для рынка сигнал, при этом не нарушающий рыночных принципов. Дальнейший рост спроса и отсутствие дополнительного предложения позволят сократить перепроизводство этого ресурса минимум, на 1,3 миллиона баррелей в сутки.
![2016](/cache/2016/02/Rosneft-98.91a05a58.jpg)
2016, February, 23, 18:55:00
РОСНЕФТЬ УВЕЛИЧИВАЕТ ДОЛЮ
ОАО «НК «Роснефть» и PDVSA подписали Основные Условия приобретения доли в 23,33% в уставном капитале Совместного предприятия Петромонагас, добывающего сверхтяжелую нефть в Венесуэле.
![2016](/cache/2016/02/LNG-40.8948306e.jpg)
2016, February, 20, 21:15:00
EUROPEAN GAS COMPETITION
With more or less fanfare, several countries in the region have at one time or another announced their intention to become a gas hub. Greece, Turkey, Bulgaria and Romania have generally been the most vocal, though neither ever provided the specifics of what their respective hub proposal looks like.