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W.Asia

W.Asia
2016, September, 28, 18:50:00

IRAN WANTS 13%

The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.

W.Asia
2016, September, 27, 18:35:00

SAUDI'S INVESTMENT: $334 BLN

"Saudi Aramco is forecast to spend around $334 billion. This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain (oil) potential projects, unconventional resources both in the exploration phase and development and several other projects,"

W.Asia
2016, September, 23, 21:00:00

NEW SAIPEM'S CONTRACTS: $430 MLN

In Saudi Arabia, Saipem has been awarded an extension of three years to drilling activities being carried out by ten 2000 HP drilling rigs. In South America, in addition to various extensions ranging in duration from two to twenty-four months for medium and high power rigs in Peru, Colombia, Bolivia and Chile, Saipem has also been awarded a new contract for operations in Argentina, which will be carried out by an hydraulic type rig over a period of eighteen months.

W.Asia
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.

W.Asia
2016, September, 7, 18:50:00

СОТРУДНИЧЕСТВО РОССИИ И БАХРЕЙНА

Был подписан Меморандум о взаимопонимании между ПАО «Газпром» и Нефтегазовой холдинговой компанией Королевства Бахрейн «НОГА Холдинг» по расширению сотрудничества в области сжиженного природного газа.

W.Asia
2016, September, 7, 18:45:00

SAUDI CUTS DEFICIT $20 BLN

The government is reviewing thousands of projects valued at about 260 billion riyals ($69 billion) and may cancel a third of them, three people said, asking not to be identified as the discussions are private. The measures would impact the budget for several years, according to two of the people.

W.Asia
2016, September, 6, 18:50:00

БЫСТРЕЕ СБАЛАНСИРОВАТЬ РЫНКИ

На протяжении порядка двух лет мы наблюдаем достаточно низкие цены на нефть, что сопряжено с большими рисками в будущем, главным образом потому, что ежегодно инвестиции в отрасль сокращаются на 200-250 млрд долларов. Буквально недавно была опубликована статистика о том, что прирост запасов по результатам геологоразведочных работ был наименьшим за последние 70 лет. Это говорит о том, что в перспективе могут быть риски дефицита энергоресурсов – поэтому странам необходимо координировать свои действия, чтобы как можно быстрее сбалансировать рынки.

W.Asia
2016, September, 6, 18:45:00

SAUDI & RUSSIA COOPERATION

Saudi Arabia hopes to work with Russia for stability in oil markets, Prince Mohammed bin Salman said Sunday in a meeting with the Russian president in Hangzhou, China. World leaders are gathering in China this week for a summit of Group of 20 nations. Russia and Saudi Arabia will meet with other producers in Algeria this month to discuss oil markets.

W.Asia
2016, September, 5, 19:00:00

РОССИЯ И САУДОВСКАЯ АРАВИЯ ДОГОВОРИЛИСЬ

В ходе встречи Министры подчеркнули важность поддержания ведущегося между сторонами диалога по текущим изменениям на нефтяном и газовых рынках, а также выразили обоюдное стремление осуществлять дальнейшее расширение двустороннего сотрудничества в сфере энергетики. Это обусловлено тем, что в настоящее время две страны несут на себе бремя ответственности по производству более 21% от мирового потребления нефти, необходимого для обеспечения глобального экономического роста и повышения уровня жизни, а также содействующего достижению Целей развития тысячелетия.

W.Asia
2016, September, 5, 18:50:00

ASIA'S OIL PRODUCTION DOWN

Asia's net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.

W.Asia
2016, September, 5, 18:45:00

SAUDI RAISED PRICES

State-owned Saudi Arabian Oil Co., known as Aramco, increased its official selling price for Arab Light crude to Asia by 90 cents a barrel, to 20 cents below the regional benchmark, it said Sunday in an e-mailed statement. The company had been expected to raise Arab Light prices by 50 cents a barrel, to 60 cents less than the benchmark for Asian buyers, according to the median estimate in a Bloomberg survey of seven refiners and traders in the region.

W.Asia
2016, September, 2, 18:40:00

OIL PRICE COMPROMISE

“From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise,” Putin said in an interview in Vladivostok. “I am confident that everyone understands that. We believe that this is the right decision for world energy.”

W.Asia
2016, September, 1, 18:45:00

SAUDI STABILIZES PRICES

The country is able to pump as much as 12.5 million barrels a day of oil, he said in comments broadcast during an official visit to buyers in Asia, its biggest market, including China.

W.Asia
2016, August, 23, 18:40:00

SAUDI NEED COOPERATION

Saudi Arabia has traditionally accounted for most of the crude imports by Asia, the world's biggest oil-consuming region. But recently OPEC's top producer has lost ground in a number of major markets including Russia and China, and faces a further threat from Iran, which is ramping up exports after the removal of Western sanctions.

W.Asia
2016, August, 17, 18:30:00

INDIA SAVES $3 BLN

India will save about Rs 20,000 crore ($3bn) as it has renegotiated a long-term LNG import deal with Qatar, Prime Minister Narendra Modi said on Monday.

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