Midstream
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2016, September, 28, 18:40:00
NIGERIAN OIL FIRE
Shell says a fire has forced it to close a key oil pipeline feeding Nigeria's strategic Bonny Export Terminal, which militants attacked last week.
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2016, September, 26, 18:40:00
SOUTHERN GAS CORRIDOR DIFFICULTIES
The $45bn complex pipeline project running from Azerbaijan to Italy and consisting of four mega projects – Shah Deniz 2, South Caucasus Pipeline expansion (SCPX), Trans-Anatolian Pipeline (Tanap), and the Trans-Adriatic Pipeline (TAP) – would be delivered and will come in under budget, eventually delivering 16-32bn m³/yr.
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2016, September, 21, 18:45:00
6 MB IRANIAN OIL FOR INDIA
India, seeking to hedge against energy security risks as it imports about 80 percent of its oil needs, is building emergency storage in vast underground caverns to hold a total of 36.87 million barrels of crude, enough to cover almost two weeks of demand.
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2016, September, 16, 18:05:00
GAZPROM FOR FRANCE: +27.3%
From January 1 to September 13, 2016, Gazprom supplied 8 billion cubic meters of gas to France, which was 27.3 per cent higher than in the same period of 2015.
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2016, September, 13, 14:50:00
MARKET IS OWERSUPPLIED
The producer cartel revised higher for this year and next oil supply forecasts from non-member countries, implying that demand for its crude will remain far lower than current near record output of more than 33m barrels a day.
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2016, September, 8, 18:40:00
NORD STREAM'S WEIGHT-COAT: €600 MLN
“This important contract is a key milestone for the Nord Stream 2 project: It will provide the logistical back-bone for the construction phase and is fully in line with our project schedule,” said Nord Stream 2 chief project officer Henning Kothe. “We are also pleased that Wasco will be co-operating with the ports, which successfully participated already in implementation of the existing Nord Stream.”
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2016, September, 7, 18:30:00
ENBRIGE & SPECTRA: $127 BLN
Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which the two companies will combine in a stock-for-stock merger transaction. The combination will create the largest energy infrastructure company in North America and one of the largest globally, the companies said, based on a pro-forma enterprise value of roughly $127 billion.
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2016, September, 6, 18:30:00
NORWEGIAN GAS TO UK
The UK’s natural gas imports from Norway are forecast to increase up to 15% year on year this winter. In the months from October to March, the UK will likely import between 60-136 mcm per day of gas from Norway. At the high end of this range, imports would be up 18 mcm per day in the same period a year earlier. Imports of Dutch and Belgian gas are also projected to increase amid predictions that flows from the UK Continental Shelf (UKCS) may fall by 4% this year to as low as 70 mcm per day.
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2016, September, 1, 18:40:00
IRAQ & KURDISTAN DEAL
Iraqi Prime Minister Haider Jawad Kadhim Al Abadi and his Kurdish counterpart, Nechirvan Barzani, have agreed to split the proposed export volume of 150,000 bopd from Kirkuk’s Baba Gorgor and Khabbaz fields between them. On Tuesday, Kurdish news outlet Rudaw also claimed an agreement on Kirkuk oil had been reached.
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2016, September, 1, 18:35:00
BP &CNPC CONTRACT
“Combining CNPC’s operational expertise with BP’s technology and experience, we now expect to leverage the synergies between these blocks. This new PSC clearly demonstrates our continued commitment to invest in projects in China which will deliver long-term value to BP, to our Chinese partners and, most importantly, to the country.”
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2016, August, 31, 18:40:00
MALAYSIAN - INDONESIAN LNG
In recent years, given the huge potential in Indonesia LNG market, JSK has ventured into the LNG supply chain. Recently, it was awarded the LNG re-gasification and storage contracts to support a gas-fired power plant in Bali, Indonesia. Following the successful completion of the deal, Coastal Contracts would have joint control over JSK Gas’s operating subsidiaries and assets. JSK Gas, through its 99% owned subsidiary Benoa Gas Terminal (BGT), would be engaged in the operations and transfer of a floating LNG regasification unit over a five-year contract period.
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2016, August, 30, 18:40:00
ALASKA LNG: LEAST COMPETITIVE
“The Alaska LNG project is one of the least competitive on a cost of supply basis compared with other”
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2016, August, 29, 18:35:00
U.S. LNG FOR EUROPE-3
“America’s growth in natural gas production means that through LNG exports we can give our allies stability and security in the global natural gas market. America’s shale revolution is growing our economy, spurring environmental improvements and strengthening our own energy security. U.S. LNG will give our allies an opportunity to achieve those some goals.”
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2016, August, 26, 18:30:00
BULGARIA'S GAS HAB
Bulgaria’s prime minister Boyko Borisov proposed the gas hub, to be built near the city of Varna, days after Russia scrapped the Gazprom-led South Stream pipeline project over objections from the EC, suggesting a different idea of what a hub is from the conventional, virtual trading point such as the Dutch title transfer facility.
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2016, August, 25, 18:35:00
THE LARGEST LNG IMPORTERS
Japan, South Korea, and China are the three largest importers of liquefied natural gas (LNG) in the world, accounting for more than half of global LNG imports in 2015. Combined LNG imports in these countries averaged 18.2 billion cubic feet per day (Bcf/d) in 2015, a 5% (0.9 Bcf/d) decline from 2014 levels and the first annual decline in these countries' combined LNG imports since the global economic downturn in 2009.