November 2018

U.S. EIA - Dry natural gas production in Mexico has fallen 38% since 2012 because of declining reserves, a low price environment, and limited exploration and production of new wells. Mexico’s dry natural gas production was 2.4 billion cubic feet per day (Bcf/d) in October 2018, according to Petróleos Mexicanos (PEMEX). This level is down 7% from year-ago levels, when production averaged 2.5 Bcf/d, and down 21% from two years ago, when production averaged 3.0 Bcf/d.

WNN - "We acknowledge the contribution of, and potential for the applications of nuclear science and technology to meet a wide variety of basic socio-economic and human development needs; we recognise the progress made in all Member States in addressing such development needs and the benefits achieved from the application of nuclear techniques in both developing and developed States; and we underscore the growing need and demand for further utilisation of nuclear applications worldwide."

WNN - Climate change is the most significant threat to our planet today. The latest Intergovernmental Panel on Climate Change (IPCC) report on the impacts of global warming reaching 1.5 degrees Celsius above pre-industrial levels sends a clear warning that this increase may be exceeded by 2030-2050 unless radical action is taken. Nuclear power is a low-carbon source of energy. According to the IPCC, the median lifecycle emissions from nuclear are 12g/kWh, as low as wind energy.

U.S. DT - U.S. Secretary of the Treasury Steven T. Mnuchin and Jamaican Prime Minister Andrew Holness today signed an Energy Framework to foster cooperation on energy and infrastructure investment in Jamaica. Secretary Mnuchin and Prime Minister Holness signed the Framework to Strengthen Infrastructure Investment and Energy Cooperation at the U.S. Department of the Treasury. The Framework is part of a U.S. initiative called America Crece, or the Americas Grow.

LUKOIL - For the first nine months of 2018 profit attributable to PJSC LUKOIL shareholders was RUB 460.1 billion, up 54.3% year-on-year. In the third quarter of 2018 profit increased by 9.8% quarter-on-quarter to RUB 183.8 billion. The growth was constrained by higher DD&A due to the launch of new production facilities.

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.36 per barrel at 0748 GMT, up 80 cents, or 1.6 percent from their last settlement. International Brent crude oil futures LCOc1 were up 89 cents, or 1.5 percent, at $61.10 per barrel.

FT - in the third quarter of this year the US E&P sector was able to cover its capital spending from its operating cash flows, if only barely. The plunge in oil prices over the past two months is bringing those concerns gushing to the surface again.

REUTERS - “Between 150 and 160 transfers will take place in the port’s fjord from November to June,” local mayor Kristina Sigursdottir Hansen told Reuters. “Ships will be coming with gas from Russia, from Yamal ... More than 300 ships actually (will be involved).”

WSJ - Directly squaring off against U.S. shale exporters, Russia has emerged this year as a major player in the burgeoning market for liquefied natural gas, which is exported across the oceans on special ships. Meanwhile, Russia has been pumping gas into Europe at a record pace in existing pipelines, and to the East it’s close to opening a major pipeline into China, the world’s fastest-growing major gas market.

PLATTS - Overall, the report found that without more significant global mitigation, "climate change is projected to impose substantial damages on the US economy, human health and the environment."