Oil&Gas
2016, April, 3, 16:05:00
SHELL & NIGERIA CORRUPTION
The international oil company said on Wednesday it was co-operating with officials from both the Netherlands and Italy as they investigate the $1.1bn deal, which Shell signed five years ago alongside Eni, the Italian oil company.
2016, April, 3, 15:55:00
BP & KUWAIT AGREEMENT
The framework agreement includes opportunities for joint investment in future oil and gas exploration, and possible oil and gas trading deals, including LNG.
2016, April, 3, 15:50:00
BP & AZERBAIJAN COOPERATION
But in order to extract those resources, BP has had to wage a battle to control inflated costs and root out fraud, internal documents and interviews with former employees of BP and its contractors show.
2016, April, 3, 15:45:00
U.S. RIGS DOWN 14
U.S. Rig Count is down 14 rigs from last week to 450, with oil rigs down 10 to 362, and gas rigs down 4 to 88.
Canadian Rig Count is down 6 rigs from last week to 49, with oil rigs unchanged at 11, and gas rigs down 6 to 38.
2016, April, 2, 17:52:00
KOCH - ROCKEFELLERS OIL
NEO - The Koch Brothers emerged stronger than ever, along with a slew of smaller oil tycoons, who lack the kind of longstanding and entrenched influence wielded by the Rockefeller dynasty.
2016, March, 31, 19:25:00
SAUDI EXPANSION
The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser told reporters during a conference in Al-Ahsa in eastern Saudi Arabia. Aramco is also studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000 barrels a day, he said Wednesday.
2016, March, 31, 19:20:00
CHINA'S GAS PRIORITIES
China, the world's top energy user, is keen to boost cleaner burning natural gas consumption to tackle air pollution.
2016, March, 31, 19:10:00
U.S. DECLINE COSTS
The drilling cost per foot, based on total depth, and the completion cost per foot, based on lateral length, are both projected to maintain these lower cost trends through 2018. Sustained lower upstream costs may affect near-term oil and natural gas markets, and ultimately, the prices of these fuels.
2016, March, 31, 19:00:00
ROSNEFT RESULTS 2015
“The company continues to improve its efficiency responding to the challenges of the global market. In Q4 2015 upstream operating expenses per boe and maintenance expense of the Russian refinery in RUB terms slightly increased in comparison with Q4 2014, despite of the growth in industry prices by 10.7%. Increase in earnings before interests, tax and depreciation by 17.8% in 2015, in terms of significant decline in RUB and USD denominated oil prices show an effective control over operating costs that allowed the Company to reduce its debt burden considerably, significantly increasing the sustainability of the business in challenging macroeconomic environment”
2016, March, 29, 19:10:00
OIL RESERVES DOWN
In 2015, the seven biggest publicly traded Western energy companies, including Exxon Mobil Corp. and Royal Dutch Shell PLC, replaced just 75% of the oil and natural gas they pumped, on average, according to a Wall Street Journal analysis of company data. It was the biggest combined drop in inventory that companies have reported in at least a decade.
2016, March, 29, 19:05:00
U.S. OIL PRICES WAR
U.S. crude production is forecast to drop from 9.4 million barrels per day in 2015 to 8.7 million bpd in 2016 and 8.2 million bpd in 2017.
2016, March, 29, 18:30:00
MONEY LEAVE EXXON
The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks.
2016, March, 29, 18:25:00
ONGC APPROVES $5 BLN
The board of India’s Oil & Natural Gas Corp. Ltd. approved a $5-billion offshore oil and natural gas development plan for the Krishna-Godavari basin off the country’s east coast.
2016, March, 29, 18:20:00
SHELL NEED $30 BLN
Royal Dutch Shell has confirmed it is reviewing the case for selling some of its North Sea assets in the wake of its £35bn takeover of rival oil and gas producer, BG Group.
2016, March, 29, 18:15:00
ROSNEFT: 5 MBD
Rosneft set a new record, having increased hydrocarbon production up to 254.2 mmtoe (5.16 mmboed). Development drilling meterage increased by 36% and reached 6.9 mln meters. More than 1.8 thousand of new wells were commissioned.