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Oil&Gas

Oil&Gas
2016, August, 5, 18:35:00

MAJORS DEBT: $138 BLN

Debt levels are currently rising at an annual rate of 11.5 percent, more than double the 5.1 percent witnessed between 2009 and 2014.

Oil&Gas
2016, August, 4, 19:00:00

NEW IRAN'S CONDITIONS

Iran is introducing a new contract framework for its energy deals to sweeten them for foreign financiers.

Oil&Gas
2016, August, 4, 18:55:00

IRAN & RUSSIA STRATEGIC COOPERATION

"Not only willing to cooperate with Zarubezhneft Company as investor in the fields, we are also calling for fully benefiting from their state of art technology,"

Oil&Gas
2016, August, 3, 18:50:00

ROSNEFT & PDVSA STRATEGIC PARTNERSHIP

Crisis in the global energy industry provides a unique opportunity to expand Rosneft and PDVSA cooperation, which may have a substantial effect on the global oil markets balancing.

Oil&Gas
2016, August, 2, 18:45:00

INDIA'S OIL CONSUMPTION UP TO 10.9%

Oil consumption growth in the current fiscal year will likely exceed 10.9% of the previous year, if the current consumption trend continues, an oil ministry arm has said. A 7.8% jump in the consumption of petroleum products in the country in April-June, compared to 5.2% in the year-ago period.

Oil&Gas
2016, August, 1, 19:10:00

РОССИЯ - ИРАН: БОЛЕЕ 70 ПРОЕКТОВ

В ближайшее время будет подписана дорожная карта, направленная на реализацию более 70 совместных проектов. Стратегическое направление сотрудничества - газовая отрасль.

Oil&Gas
2016, August, 1, 19:05:00

IRAN NEEDS MONEY

Iran's failure to get full access to the global financial system a year after it signed the nuclear deal with world powers has intensified domestic political infighting. It has also turned up the heat on President Hassan Rouhani, a pragmatist facing re-election next year, who has gambled on attracting foreign investment to help raise voters' living standards.

Oil&Gas
2016, August, 1, 18:55:00

INDONESIA STARTS OUTPUT

The Bangka project, majority owned by Chevron, will start operation in August, Wiratmaja Puja, the director general of oil and gas at Indonesia's Energy Ministry, told Reuters in an interview. Italian oil firm Eni's Jangkrik project is 80 percent complete and is expected to commence operation in July 2017, he said.

Oil&Gas
2016, August, 1, 18:30:00

U.S. RIGS UP 1

U.S. Rig Count is up 1 rig from last week to 463, with oil rigs up 3 to 374, gas rigs down 2 to 86, and miscellaneous rigs unchanged at 3. Canadian Rig Count is up 17 rigs from last week to 119, with oil rigs up 12 to 60, gas rigs up 5 to 58, and miscellaneous rigs unchanged at 1.

Oil&Gas
2016, July, 29, 19:05:00

GLOBAL PROFITS & CASH FLOW DOWN

Brent crude oil prices averaged at the lowest level since 2004, significantly reducing profits and cash flow for energy companies.

Oil&Gas
2016, July, 29, 19:00:00

IMF WANT SAUDI

Directors welcomed the ambitious reform goals announced by the authorities in Vision 2030 and the National Transformation Program, and underscored the importance of clear prioritization and sequencing of the planned reforms to reduce implementation risks and give the economy time to adjust. They supported the authorities’ plan to increase the role of the private sector in the economy by focusing on privatization and public-private partnerships, improve the business environment, develop local capital markets, encourage FDI, and support small and medium enterprises. Directors noted that continued labor market and education reforms are needed to encourage private sector employment of Saudi nationals and increase labor force participation of women.

Oil&Gas
2016, July, 29, 18:55:00

BG LOSES MARKET

Nearly 400,000 UK households left British Gas in the first six months of this year, as the company found its market share being taken by independent energy suppliers.

Oil&Gas
2016, July, 29, 18:50:00

STATOIL BUY BRAZIL: $2.5 BLN

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s highly prolific Santos basin. The acquisition includes a substantial part of the Carcará oil discovery, one of the largest discoveries in the world in recent years.

Oil&Gas
2016, July, 27, 18:40:00

BRITAIN HAS CUT TO 90%

"We recognise that market conditions are currently very difficult but nevertheless we have a shared goal of making the basin as attractive as possible for exploration," Andy Samuel, chief executive of the OGA, said.

Oil&Gas
2016, July, 26, 19:10:00

БОЛЬШЕ РУССКОЙ НЕФТИ

Объёмы добычи нефти за первое полугодие составили 270 миллионов тонн – это на 2,1 процента выше по отношению к прошлому полугодию. «По газу мы увеличили объёмы экспорта в первом полугодии по сравнению с прошлым годом примерно на шесть миллиардов кубических метров, или на 6,8 процента. По нефти прирост составил 6,2 процента, по углю – 8,2 процента. В этом году впервые общий объём экспорта угля на восток превысил западное направление», - доложил Министр.

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