2019, October, 28, 13:20:00U.S., SAUDI ARABIA'S ENERGY
The US continues to talk with Saudi Arabia about the kingdom's plans to produce nuclear energy for power generation and is still discussing the possibility of Gulf countries importing US LNG, the outgoing US secretary of energy said on Saturday.
2019, October, 28, 13:10:00SCHLUMBERGER NET LOSS $11.4 BLN
Schlumberger Announces Third-Quarter 2019 Results Worldwide revenue of $8.5 billion increased 3% sequentially GAAP loss per share, including charges of $8.65 per share, was $8.22 Cash flow from operations was $1.7 billion and free cash flow was $1.1 billion
2019, October, 28, 13:05:00U.S. RIGS DOWN 21 TO 830
U.S. Rig Count is down 21 rigs from last week to 830, Canada Rig Count is up 4 rigs from last week to 147
2019, October, 25, 10:30:00OIL PRICE: ABOVE $61
Brent was down 18 cents, or 0.3%, at $61.49, WTI was down 21 cents, or 0.4%, at $56.02.
2019, October, 25, 09:30:00U.S. PETROLEUM EXPORTS 5.47 MBD
In the first half of 2019, the United States exported 5.47 million barrels per day (b/d) of petroleum products, an increase of 19,000 b/d (0.3%) from the first half of 2018 and the slowest year-over-year growth rate for any half year in 13 years.
2019, October, 25, 09:25:00CHINA'S GAS DEMAND WILL UP BY 82%
City gas demand is likely to experience rapid growth over the next 10-15 years, driven by consumption growth from heating and the public sector. This growth will be supported by China's growing urbanization and urban gasification, which are expected to exceed 70% within the next decade, up from 59.7% and 50.9% at the end of 2018, respectively.
2019, October, 25, 09:20:00CHINA'S GAS PRODUCTION WILL UP
In June 2019, the Chinese government introduced a subsidy program that established new incentives for production of natural gas from tight formations and extended existing subsidies for production from shale and coalbed methane resources. This subsidy is scheduled to be in effect through 2023. In addition to the changes in the subsidy program, the government allowed foreign companies to operate independently in the country’s oil and natural gas upstream sector.
2019, October, 25, 09:15:00U.S., TURKEY: NO SANCTIONS
After threatening last week to increase the US tariff on imports of Turkish steel to 50%, President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria -- but some saw the initial threat as hollow and of no major impact on Turkey-US steel trade flows.
2019, October, 25, 09:10:00LUKOIL, ARAMCO DEVELOPMENT
Russian crude producer Lukoil is in talks with Saudi Aramco on potential joint projects outside Russia and Saudi Arabia, including some in Africa, CEO Vagit Alekperov said Wednesday on the sidelines of the Russia-Africa Summit in Sochi.
2019, October, 25, 09:05:00LUKOIL, NNPC COOPERATION
President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi.
2019, October, 25, 09:00:00RUSSIA'S NUCLEAR FOR ETHIOPIA
Ethiopia and Russia signed an intergovernmental agreement on cooperation in the peaceful uses of nuclear energy during the Russia-Africa Summit in Sochi. The document was signed by Rosatom Director General Alexey Likhachov and Ethiopian Minister of Innovation and Technology Getahun Mekuria.
2019, October, 25, 08:50:00CLEAN NUCLEAR POWER
Globally, nuclear power is a leading source of clean electricity today - second only to hydro - but many nuclear power plants in advanced economies are facing retirement as they approach the end of their original 40-year design lifetime, Birol said. Without additional lifetime extensions or new projects, nuclear capacity in advanced economies - primarily in the USA, the EU and Japan - would decline by two-thirds by 2040, substantially as a result of political issues and inadequate market design, he added.
2019, October, 25, 08:45:00RENEWABLES WILL UP BY 50%
the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. This increase of 1,200 gigawatts – equivalent to the current total power capacity of the United States
2019, October, 23, 12:50:00OIL PRICE: NEAR $59 AGAIN
Brent were down 25 cents, or 0.43%, to $59.45 a barrel , WTI for December delivery fell 32 cents, or 0.59%, to $54.16 per barrel
2019, October, 23, 12:35:00TURKSTREAM WILL BE SIGNIFICANT
The impact of the dual TurkStream (TS) natural gas pipeline will be significant in changing the region's gas flow patterns