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![Search Results](/cache/11-2017/Venezuela-12.1b183b1f.png)
2017, November, 13, 10:25:00
VENEZUELA'S OIL PRODUCTION DOWN
Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government data since 1989.
![Search Results](/cache/11-2017/EXXON-35.cff9c399.png)
2017, November, 13, 10:20:00
EXXON INCREASES COMPETITIVENESS
The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, and it’s closing in on the 4-mile mark.
![Search Results](/cache/11-2017/USA-501.57ed671f.png)
2017, November, 13, 10:35:00
$84 BLN ISN'T ENOUGH FOR U.S.
During President Donald Trump’s visit to Asia this week, a Chinese energy company pledged to spend almost $84 billion helping West Virginia build an entire supply chain that would bring the benefits of America’s shale gas boom to bear.
![Search Results](/cache/11-2017/TOTAL-25.c87b1432.jpg)
2017, November, 13, 10:05:00
TOTAL ACQUIRES ENGIE'S LNG $2 BLN
Total SA has agreed to acquire LNG assets from Engie SA for as much as $2.04 billion. The deal includes interests in liquefaction plants, long-term LNG sales and purchase agreements, an LNG tanker fleet, and access to regasification capacities.
![Search Results](/cache/11-2017/saudi-76.8d8e170d.png)
2017, November, 13, 10:15:00
SAUDI ARAMCO SIGNED $4.5 BLN
Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total.
![Search Results](/cache/11-2017/VIETNAM-10.cd1f1cb7.png)
2017, November, 13, 10:30:00
VIETNAM & U.S. UNDESTANDING
Vietnamese and U.S. companies on Sunday signed memorandums of understanding on gas development, automobiles, as well as aircraft engine purchase and support during U.S. President Donald Trump’s visit to Vietnam.
![Search Results](/cache/11-2017/south_china_sea_3.79c18c49.jpg)
2017, November, 13, 10:40:00
SOUTH CHINA CEA CALM
Vietnam’s state television said Chinese President Xi Jinping had told Vietnam’s General Secretary Nguyen Phu Trong he wanted to work with Southeast Asian nations on a code of conduct in the sea. China’s Xinhua news agency said China and Vietnam had agreed to properly handle maritime issues and strive to maintain peace and stability.
![Search Results](/cache/11-2017/PRICE-652.e41ed872.png)
2017, November, 13, 10:50:00
OIL PRICE: ABOVE $63 YET
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.
![Search Results](/cache/11-2017/PRICE-670.84121153.png)
2017, November, 13, 10:45:00
OPEC OIL PRICE: $61.72
The price of OPEC basket of fourteen crudes stood at $61.72 a barrel on Thursday, compared with $61.61 the previous day, according to OPEC Secretariat calculations.
![Search Results](/cache/11-2017/SHELL-54.f152f027.png)
2017, November, 14, 17:35:00
SHELL SELLS WOODSIDE
Shell’s subsidiary, Shell Energy Holdings Australia Limited (“SEHAL”), has entered into an underwriting agreement with two investment banks, for the sale of 71.6 million shares in Woodside, representing 64.0% of its interest in Woodside and 8.5% of the issued capital in Woodside, at a price of A$31.10 per share, resulting in total pre-tax proceeds of approximately $1.7 billion (A$2.2 billion). The sale is expected to complete on November 14, 2017.
![Search Results](/cache/11-2017/RUSSIA-212.e4cd9188.png)
2017, November, 14, 17:40:00
RUSSIA'S GDP UP 1.8%
The Russian economy is recovering from a full-blown crisis caused by a massive drop in prices for oil, its key export, and by economic sanctions imposed by the West over Moscow’s role in the Ukraine crisis.
![Search Results](/cache/11-2017/usa-502.28c153c1.png)
2017, November, 14, 17:30:00
U.S. OIL + 80 TBD, GAS + 779 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in December to 6.174 million b/d, gas production to increase 779 million cubic feet/day.
![Search Results](/cache/11-2017/RENEWABLE-6.a7638874.png)
2017, November, 14, 17:45:00
EBRD RENEWABLE INVESTMENT $1.4 BLN
EBRD - The GCF is contributing USD 378 million to this USD 1.4 billion programme to support thousands of individual investments in technologies that reduce emissions and enhance resilience to climate change.
![Search Results](/cache/11-2017/nigeria-18.a96f3dbd.jpg)
2017, November, 14, 18:00:00
NIGERIA NEED INVESTMENT $5.5 BLN
REUTERS - Nigeria will move ahead with plans to borrow $5.5 billion from foreign investors after the Senate on Tuesday approved President Muhammadu Buhari request for the move.
![Search Results](/cache/11-2017/Venezuela-14.7020dbaa.png)
2017, November, 14, 17:55:00
VENEZUELA'S SELECTIVE DEFAULT
REUTERS - Further complicating the situation, S&P Global Ratings declared Venezuela in selective default after it failed to make coupon payments on bonds due in 2019 and 2024 within a 30-day grace period. The agency warned there was a strong chance it would miss further payments within three months.
![Search Results](/cache/11-2017/ALASKA-4.6253f36d.png)
2017, November, 14, 17:50:00
CRITICALLY IMPORTANT ALASKA
API welcomed legislation that would allow for safe and responsible natural gas and oil development in a small non-wilderness portion of Alaska’s Arctic National Wildlife Refuge (ANWR). The legislation was released by the Senate Energy and Natural Resources Committee to be included as part of the budget reconciliation bill.
![Search Results](/cache/11-2017/price-702.488991e7.png)
2017, November, 14, 18:05:00
NIGERIA'S OIL PRICE UP
PLATTS - Nigeria's Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market following several months of disruption due to loading delays and forces majeures.
![Search Results](/cache/11-2017/PRICE-705.b4c262c2.png)
2017, November, 14, 18:10:00
OIL PRICE: ABOVE $62
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.
![Search Results](/cache/11-2017/RUSSIA-216.32f74bfc.png)
2017, November, 15, 15:10:00
RUSSIA'S OIL EXPORTS UP
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.
![Search Results](/cache/11-2017/ROSNEFT-114.4519bcac.png)
2017, November, 15, 15:00:00
ROSNEFT NET INCOME DOWN 3.9%
Financial results for 3Q 2017 and 9М 2017:
- 9M 2017 revenue growth by 22.9% in RUB terms and by 43.7% in USD terms YoY
- 9M 2017 EBITDA exceeded RUB 1 trln, growth by 10.6% YoY
- 3Q 2017 EBITDA margin improvement
- Successful timely close of strategic deals with potential breakthrough growth in shareholder value
- Approval of the first interim dividend with 50% payout ratio of net income under IFRS