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Oil&Gas

Oil&Gas
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.
Oil&Gas
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.
Oil&Gas
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.
Oil&Gas
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.
Oil&Gas
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.
Oil&Gas
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.
Oil&Gas
2016, March, 25, 20:05:00
GLOBAL OIL & GAS TRANSFORMATION
Europe and Russia are each trying to diversify—the first by getting more gas suppliers, and the second by trying to sell more gas to China and East Asia.
Oil&Gas
2016, March, 25, 20:00:00
OIL & GAS OPPORTUNITIES
It is a challenging business environment but it's a sign of strong resilience that businesses can look ahead and still see opportunities that exist around the globe.
Oil&Gas
2016, March, 25, 19:50:00
OIL & GAS LOSSES: $150 BLN
“Low oil prices fuel a reduction in risk-taking, and when there is less risk-taking, asset prices will fall. It can lead to a downward asset price spiral,”
Oil&Gas
2016, March, 25, 19:35:00
INDIA & RUSSIA DEAL
India is replacing China as the center of the world’s oil demand growth as its economy expands faster than any other major country and Prime Minister Narendra Modi has made energy security a priority for the nation, which imports 80 percent of its oil requirements.
Oil&Gas
2016, March, 25, 19:15:00
PETROCHINA PROFIT DOWN 70%
PetroChina Co Ltd on Wednesday said profit fell 70 percent last year as low prices brought down upstream earnings, eclipsing the impact of a jump in natural gas income brought about in part by pipeline consolidation.
Oil&Gas
2016, March, 25, 19:05:00
KCA DEUTAG LOSS $144.4 MLN
Revenue during the year fell by 20.9% to $1,668.8 million (2014: $2,110.9 million) reflecting activity reductions as spending by our customers has reduced, pricing pressures, reduced spend on reimbursable type contracts and changes in mix between our business units. EBITDA decreased by 7.9% to $289.8 million over the same period as the impact of these lower revenues was offset by significant reductions made to our cost base.
Oil&Gas
2016, March, 25, 19:00:00
U.S. RIGS DOWN 12
U.S. Rig Count is down 12 rigs from last week to 464, with oil rigs down 15 to 372, and gas rigs up 3 to 92. Canadian Rig Count is down 14 rigs from last week to 55, with oil rigs down 1 to 11, and gas rigs down 13 to 44.
Oil&Gas
2016, March, 24, 12:16:00
ROCKEFELLERS SELLS OIL ASSETS
THE GUARDIAN - The Rockefeller Family Fund, a charity set up in 1967 by descendants of John D Rockefeller, said on Wednesday that it would divest from all fossil fuel holdings “as quickly as possible”.
Oil&Gas
2016, March, 22, 19:20:00
U.S. WANT YOUR MONEY
“The US has sought to work with Europe to lessen Europe's dependence on Russian energy and, particularly, gas supplies to weaken Russian leverage to use that gas supply for political purposes and has enjoyed some success, and this has been a cooperative venture. Three administrations working in the same direction, many of the same assumptions and people.”