Kazakhstan's KazMunaiGaz, which owns the largest stake in the project, has said previously that the field would relaunch by the end of 2016.

Since November 2014, when the oil bust started to take hold of the energy industry, Schlumberger has cut 36,000 jobs, or 28% of its workforce.

The company revenue in the first quarter fell to $4.2 billion, a 40 per cent decline from the first quarter of 2015. That’s in line with the average analyst estimate of $4.2 billion.

U.S. Rig Count is down 9 rigs from last week to 431, with oil rigs down 8 to 343, and gas rigs down 1 to 88. Canadian Rig Count remains unchanged at 40, with oil rigs up 2 to 12, and gas rigs down 3 to 27.

Russia’s Gazprom PJSC, which is seeking to boost exports to its biggest market by revenue to a record this year, has said U.S. LNG can’t compete on price in Europe and American supplies to the region will be limited. Russia meets a third of European gas supply, with Germany being the biggest market.

Gas trade relations between Gazprom and private importers are one of the more important topics regarding the Turkish gas market.

The Kandym Gas Processing Complex will include construction of a gas treatment plant capable of processing 8.1 billion cubic meters of gas per year, as well as a natural gas gathering system, which, at its peak, will comprise 114 producing wells, 11 well pads and 4 gathering stations. 370 km of gas pipelines will be installed and 160 km of motorways will be built. Around 7,000 people will be involved in the construction of the complex and infrastructure facilities.

Проект «Ямал СПГ» действительно относится к числу приоритетных, где мы соединяем три источника финансирования: это государственное финансирование (оно составляет только относительно небольшую часть, 10–15%), это финансирование по линии российских банков и финансирование от внешних инвесторов из разных источников. Инвестиции в «Ямал СПГ» составляют огромную сумму, это несколько десятков миллиардов долларов. Это огромный, очень сложный проект на Севере, но он даст колоссальный мультипликативный эффект.

Non-OPEC oil production is declining rapidly while consumption, especially gasoline, continues to grow strongly, particularly in the United States, India and China.

Natural gas futures rose 7.6% to settle at $2.088 a million British thermal unit on the New York Mercantile Exchange, the highest in more than two months. The market has lost more than 10% this year, as a mild winter limited heating demand. But losses have been pared in recent weeks, as a cool start to spring has buoyed expectations for demand.

South America’s two largest oil producing nations face bigger threats from political turmoil than depressed crude prices, but reforms in their national oil companies (NOC) and energy ministries may be essential for their governments to survive.

Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted for over a third of its exports and left it relying completely on Asian buyers.

Brent crude oil was last up 2.1% at $43.82 a barrel, above where it was before talks about a production freeze collapsed over the weekend. Analysts said oil prices drew support on Tuesday from a strike by oil workers in Kuwait, reducing concerns about a global glut of supply.

Общий объем недоинвестирования в отрасль за 2 года приближается к $400 млрд – это те факторы, которые оказывают влияние на рынок. При этом продолжается рост спроса на нефть – примерно на 1,2 млн баррелей в сутки, по оценкам экспертов. Цена около $40 за баррель сегодня отражает реальную рыночную картину, является приемлемой и для производителей, и для потребителей нефти в условиях существующего профицита предложения.

The Russian camp was locked in negotiations with the Saudis, Qataris and Venezuelans — a core group that had first backed the freeze in February.