News
2015, May, 11, 20:15:00
OPEC SEES BELOW $100
The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel again in the next decade, a pessimistic assessment that has the group considering the return of production limits to influence the market, according to a draft of the cartel’s latest strategy report.
2015, May, 11, 20:10:00
THE NEW RUSSIAN EMPIRE – 6
Russia is preparing to sell his recently purchased North Sea gas fields.
2015, May, 11, 15:15:00
NO GAS FOR EUROPE
It is not economically feasible to start exporting gas to Europe, an Iranian energy official dealing with the international affairs and contracts announced.
2015, May, 11, 15:10:00
TURKISH STREAM PIPELINE
Gazprom has switched to the stage of building the offshore section of the Turkish Stream gas pipeline intended to bring Russian natural gas to Europe via Turkey, Gazprom CEO Alexey Miller said on Friday.
2015, May, 11, 15:05:00
U.S. VS RUSSIA: GAS
The United States, wading into the international efforts to shape Greece’s economic and geopolitical orientation, is pushing the leftist government in Athens to resist Russia’s energy overtures.
2015, May, 11, 15:00:00
U.S. RIGS DOWN 11
U.S. Rig Count is down 11 rigs from last week to 894, with oil rigs down 11 to 668, gas rigs down 1 to 221, and miscellaneous rigs up 1 to 5.
2015, May, 8, 18:00:00
THE MAJOR O&G CHALLENGE
A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told attendees May 4 at the Offshore Technology Conference in Houston.
2015, May, 8, 17:55:00
ALLAH OIL PRICE
While analysts speculate just how low prices have to drop before Saudi Arabia cuts production longtime Saudi oil minister Ali al-Naimi said he has the answer: It’s up to Allah.
2015, May, 8, 17:50:00
U.S. DARK OIL
Recent and projected increases in U.S. crude oil production have sparked discussion about how current limitations on crude exports affect prices, including world and domestic crude oil and petroleum product prices, and the level of domestic crude production and refining activity.
2015, May, 8, 17:45:00
IRAN&GERMANY LNG
Iran’s Oil Minister Bijan Namdar Zanganeh will visit Germany on May 7th after a large German economic delegation of more than 100 businessmen arrived in Tehran in late April to spur bilateral ties.
2015, May, 8, 17:40:00
RUSSIAN GAS CONDENSATE
Condensate is especially important now because it’s not covered by sanctions on Russia’s oil industry that have targeted Arctic drilling and shale projects. Production of the ultra- light crude will swell as much as 17% this year, according to estimates by Gazprombank. That makes it a key factor driving growth, said Alexander Nazarov, an analyst at the country’s third biggest lender.
2015, May, 8, 17:35:00
OCCIDENTAL RAISED OUTPUT
Occidental Petroleum Corp boosted its 2015 production forecast on Wednesday after reporting an adjusted quarterly profit in line with expectations as cost cuts helped balance the recent drop in oil prices.
Occidental raised its 2015 output forecast by 20,000 barrels of oil equivalent per day (boe/d), citing “a more optimistic outlook for the remainder of the year.”
2015, May, 5, 18:15:00
MARKET HAS GONE AGAINST
A flagship Russian gas project may soon test Moscow’s newfound willingness to cede greater control of its energy assets to Beijing in exchange for much-needed Chinese financing.
2015, May, 5, 18:10:00
EU IGNORES RUSSIA
The gas war between Russia and the West has been limited to the verbal so far and not seen any casualties except for the cancellation of the South Stream project.
2015, May, 5, 18:05:00
CHINA'S OIL PURGE
China appointed new heads for each of its three national oil companies on Monday, in a sweeping reshuffle of the industry at the heart of its two-year anti-corruption drive.