News
2019, October, 21, 13:25:00
U.S. TRADE WARS
The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan.
2019, October, 21, 13:20:00
LNG MARKET TIGHTENING: SHELL
Global LNG is “clearly a well-supplied market”, but Shell believes that the market dynamics could shift again over the next few years. “We do not use the term oversupply—as all of the LNG being produced is being absorbed,”
2019, October, 21, 13:15:00
CHINA'S LNG INVESTMENT: 11.5 MT
China’s Yantai LNG Group is aiming to start up a liquefied natural gas (LNG) import terminal by 2022 and expects government approval for it over the next few weeks
2019, October, 21, 13:10:00
SAUDI'S INVESTMENT FOR BANGLADESH $3 BLN
Saudi Aramco and Saudi utilities developer Acwa Power have signed a memorandum of understanding (MoU) with the Bangladesh government to develop a $3bn liquefied natural gas (LNG) terminal and power plant in the South Asian country.
2019, October, 21, 13:05:00
PETROBRAS PRODUCTION UP 16.5%
Petrobras, which has been was completing the installation of seven new floating production units, produced 2.794 million b/d of oil equivalent in the third quarter from domestic fields. Oil and gas output was up 9.5% from the second quarter.
2019, October, 21, 13:00:00
U.S. RIGS DOWN 5 TO 851
U.S. Rig Count is down 5 rigs from last week to 851, Canada Rig Count is down 3 rigs from last week to 143,
2019, October, 18, 12:00:00
OIL PRICE: NEAR $60
Brent fell by 21 cents, 0.4%, to $59.70 a barrel , WTI edged down by 4 cents, or 0.1%, to $53.89 per barrel.
2019, October, 18, 11:45:00
RUSSIA'S GAS FOR HUNGARY +17%
Gazprom's supplies to the country over nine and a half months of 2019 totaled 8.9 billion cubic meters of gas, 17 per cent more than in the entire year of 2018.
2019, October, 18, 11:40:00
RUSSIA, UAE NUCLEAR POWER
Emirates Nuclear Energy Corporation (ENEC) has renewed its 2017 Memorandum of Understanding on cooperation in the field of peaceful uses of nuclear energy with Russian state nuclear corporation Rosatom. The document was signed by Mohamed Al Hammadi, CEO of ENEC, and Alexey Likhachov, Rosatom director general, in Abu Dhabi during Russian President Vladimir Putin's official visit to the United Arab Emirates.
2019, October, 18, 11:35:00
NUCLEAR POWER FOR CLIMATE
“I’m worried about the decline of nuclear in the energy mix if governments don’t change their policies,” Birol said referring to new capacity and lifespan extensions.
2019, October, 18, 11:30:00
JAPAN: NO U.S. COALITION
“We won’t join the United States, but will cooperate closely with them,” Japan’s Chief Cabinet Secretary Yoshihide Suga told a news briefing. “Self Defense Force assets will ensure the safety of vessels related to Japan.”
2019, October, 18, 11:25:00
ROSNEFT, CHEVRON FOR VENEZUELA
During a meeting in Moscow last month, Russian President Vladimir Putin and Venezuelan President Nicolas Maduro, who has already threatened to nationalize Chevron's assets, discussed the possibility of Rosneft taking over Chevron's Venezuelan operations, sources said.
2019, October, 18, 11:20:00
UAE INVESTMENT FOR INDIA $4 BLN
This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company. The total investment is estimated to be up to US$4 billion.
2019, October, 18, 11:15:00
SANTOS REVENUE $1 BLN
Record quarterly production and sales volumes
• Third quarter production of 19.8 mmboe was a record for Santos and 32% up on the corresponding quarter
• Production was 7% higher than the second quarter with higher production from all Australian assets
• Record sales volumes of 25.2 mmboe were 25% higher than the corresponding quarter
• Sales revenue of $1,030 million was the second highest quarterly revenue on record
2019, October, 18, 11:10:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.4%
Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.