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2019-03-01 11:20:00

CYPRUS GAS UP

CYPRUS GAS UP

EXXONMOBILExxonMobil said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

  • Glaucus-1 well encounters a gas-bearing reservoir of approximately 436 feet (133 meters)
  • Well is located in offshore Block 10 southwest of Cyprus in the Eastern Mediterranean
  • Further evaluation of Block 10 potential continues

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Tags: CYPRUS, OFFSHORE, GAS, EXXON, MOBIL

Chronicle:

CYPRUS GAS UP
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

CYPRUS GAS UP
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

CYPRUS GAS UP
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

CYPRUS GAS UP
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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