2016, November, 28, 18:35:00NOVATEK EXPECTS JAPAN
Novatek is planning a new large-scale project known as Arctic LNG 2, which targets annual production of 12 million to 16 million tons of LNG, with operations aimed to start by 2025. Mikhelson expressed a desire to see Japan be a cooperative partner at every step of the plan, from gas production to liquefaction plant construction and management, all the way to sales. It was also made clear that should Japanese enterprises cooperate, the country could expect a portion of the output.
2016, November, 18, 18:35:00VENEZUELA & CHINA: $50 BLN
Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.
2016, November, 17, 18:45:00IRAN - SAUDI COMPETITION
Iran overtook political rival Saudi Arabia as India's top oil supplier in October, shipping data showed, just ahead of a producers' meeting this month to hammer out the details on output cuts aimed at reining in a global glut.
2016, November, 17, 18:40:00JAPAN NEEDS MORE OIL
Japan sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.
2016, November, 16, 18:45:00RUSSIA - SAUDI COMPETITION
The deal between Essar and a consortium led by Kremlin oil giant Rosneft (ROSN.MM) appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.
2016, November, 14, 18:40:00CHINA'S TAX EXPORTS
After more than a decade, China has decided to restore tax rebates on exports of gasoline, gasoil and jet fuel, a sign that Beijing is more than comfortable with the domestic supply situation for oil products.
2016, November, 9, 18:35:00PERTAMINA'S INCOME: $2.83 BLN
Pertamina’s income surged from USD 914 million to USD 2.83 billion, thanks in part to efficiency gains that resulted in a USD 834-million reduction in operational costs.
2016, November, 8, 18:50:00ROSNEFT & BGC DEAL: $1.1 BLN
Rosneft and Beijing Gas Group Company Limited (hereinafter, "Beijing Gas") signed a Purchase and Sale Agreement and a Shareholder and Operating Agreement for the sale of a 20% stake in Verkhnechonskneftegaz (a Rosneft subsidiary) to the Chinese company, an Agreement on the Area of Mutual Interest in respect of the adjoining license areas and an Agreement on the cooperation in the gas business. The transaction execution agreement was signed in the presence of the Prime Minister of the Russian Government Dmitry Medvedev and Premier of the State Council of the People's Republic of China Li Keqiang by Rosneft Chief Executive Officer Igor Sechin and Beijing Gas Group Chairwoman of the Management Board Li Yalan.
2016, November, 7, 18:45:00CHINA'S SHALE GAS UP
Sinopec Ltd. reported that Fuling shale gas field in southwestern China produced a cumulative 3.76 billion cu m of gas from January to September. The 107% increase in production was accompanied by additional processing capacity of 5.5-6.5 bcm, the company said. In 2014, Sinopec announced plans to bring production capacity to 10 bcm/year by 2017.
2016, November, 1, 19:00:00CHINA'S GASOIL RECORD
September gasoil exports surged to a record high of 1.6 million mt, or 398,197 b/d, surpassing the previous high of 1.53 million mt, or 368,840 b/d, in July, according to data from the General Administration of Customs. On a daily average basis in barrels, exports in September were 44.4% higher year on year and up 55.4% month on month.
2016, October, 24, 18:30:00INDIA'S LNG IMPORTS UP 33%
For the April-September period, India’s LNG imports were 12.7bn m³, up almost by 27% on year.
2016, October, 21, 08:20:00RUSSIAN - INDIAN NUCLEAR
ROSATOM - "Historically, India is one of our key foreign partners. Two power units of Russian design are already operating on the Kudankulam NPP site and two more are under construction. To increase the state corporation's market presence, it was decided to open a regional center in Mumbai. This will enable us to join forces with our Indian partners and enhance the performance of Russian nuclear enterprises operating in India," said Aleksey Pimenov, the Regional President of Rosatom South Asia.
2016, October, 18, 19:00:00IRANIAN OIL TO ASIA: 62%
Director of National Iranian Oil Company (NIOC) International Affairs has announced that 62 percent of the Iranian oil is being exported to the Asian countries and the rest to the European states.
2016, October, 14, 18:45:00ROSNEFT WILL BUY INDIA
Rosneft will get 49% and the two investors -- Trafigura and UCP -- will hold the remaining 49% in equal parts, the sources said, adding that the valuation included about $4.5 B in assumed debt.
2016, October, 13, 18:45:00CHINA OIL IMPORTS UP
The world’s biggest energy user imported 33.06 million metric tons of crude in September, according to data released by the General Administration of Customs on Thursday. That’s about 8.08 million barrels a day. China’s net fuel exports were at 2.37 million tons last month, near the record 2.49 million in July.