2016, December, 21, 18:30:00NORWAY'S PETROLEUM PRODUCTION UP 37 TBD
Preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL and condensate, which is an increase of 37 000 barrels per day (approx. 2 percent) compared to October.
2016, December, 20, 18:35:00BP: 10% SHAREHOLDER
BP today signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years.
2016, December, 15, 18:45:00GAZPROM - OMV AGREEMENT
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, signed the Basic Agreement regarding the asset swap. The signing ceremony took place in the presence of Hans Jörg Schelling, Minister of Finance of the Republic of Austria, and Anatoly Yanovsky, Deputy Minister of Energy of Russia.
2016, December, 12, 18:35:00ENI - ROSNEFT DEAL
Eni has agreed a $1.125bn deal to sell a 30 per cent stake in its giant Egyptian gas field Zohr to Rosneft, as the Italian company continues efforts to monetise the recently-discovered field.
2016, November, 22, 18:35:00SEADRILL NET LOSS $656 MLN
Highlights: - Revenue of $743 million - Operating income of $247 million - EBITDA of $441 million - 95% economic utilization - Reported Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments primarily relating to Seadrill Partners. - Underlying Net Income , excluding non-recurring items and non-cash mark to market movements on derivatives,was $135 million and earnings per share was $0.28. - Cash and cash equivalents of $1.3 billion - Seadrill Limited orderbacklog of approximately $3.0 billion
2016, November, 21, 18:45:00NORWAY'S OIL PRODUCTION UP TO 30%
Preliminary production figures for October 2016 show an average daily production of 2 099 000 barrels of oil, NGL and condensate, which is an increase of 486 000 barrels per day (approx. 30 percent) compared to September.
2016, November, 15, 18:40:00THE NEW NORD STREAM
Gazprom has terminated a shareholder agreement for Nord Stream 2, a joint venture to build a pipeline between Russia and Germany, circumventing Poland and other countries, Russian press agency TASS has reported.
2016, November, 11, 18:30:00NORWAY'S INVESTMENT DOWN 21%
Total investment in oil and natural gas extraction in Norway was 21% lower in the first half of 2016 compared with the first half of 2015, a decline of about 20.9 billion Norwegian kroner (US $3.5 billion). However, investment cuts have affected some segments of the industry more than others.
2016, November, 9, 18:40:00UK OIL & GAS CONFIDENCE
The North Sea oil and gas industry currently faces fierce global competition to attract investment, with the combined challenges of a low oil price, a maturing industry and uncertainty for the sector. Oil & Gas UK’s recently published Economic Report 2016 found that investment in the UK continental shelf has fallen to around £9 billion this year, from a record £14.8 billion in 2014, illustrating the difficulty for investors in accessing finance for asset development.
2016, November, 9, 18:30:00RUSSIAN GAS FOR GERMANY: UP TO 23%
Gazprom’s supplies to the German market continued to grow, rising 23 per cent this September and 20.4 per cent this October versus the corresponding months of 2015.
2016, October, 27, 18:50:00GAZPROM - EU AGREEMENT
The state-controlled Russian energy group will yield to EU demands on how it sells gas in Europe in order to escape a penalty for past anti-competitive behaviour. The bargain is likely to anger eastern and Baltic states that have campaigned for a tougher approach.
2016, October, 27, 18:30:00STATOIL NET LOSS $117 MLN
Net operating income was USD 737 million in the third quarter compared to USD 883 million in the same period of 2015. The reduction was primarily due to lower oil and gas prices, expensed exploration wells and lower refinery margins. Continued progress on the improvement programme with reduced costs and strong operational performance contributing positively to the results.
2016, October, 26, 18:40:00RUSSIA - NORWAY EXCHANGE
The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.
2016, October, 13, 18:40:00GAZPROM TO AUSTRIA: UP 23.8%
In 2015, Russian gas exports to Austria rose 11.5 per cent versus 2014. From January 1 through October 10, 2016, Russian gas supplies to Austria totaled 4.18 billion cubic meters, which was 23.8 per cent higher than in the same period of 2015.
2016, October, 11, 18:35:00RUSSIA - TURKEY STREAM
The warming relations between NATO member Turkey and Russia comes as both countries are dealing with troubled economies and strained ties with the West.