Operational rigs in Asia Pacific targeting gas in December 2017. Global Markets

Number of rigs in Asia Pacific falls in December

The number of countries exploring for gas in the Asia Pacific region dropped to five in December as both China and Indonesia saw their counts fall to zero.

By Andrew Walker 19 January 2018
Global Markets

Ten Twitter feeds you need to follow

Wildcat thinks these 10 Twitter feeds should be staples for those who work in the gas industry.

6 March 2012
Global Markets

BP shares rally following out of court settlement

BP’s share price rallied by 1.5% to £5.04 ($7.97) on Monday after the company reached a $7.8 billion settlement with a group of plaintiffs affected by the Macondo oil spill in the Gulf of Mexico in 2010.

5 March 2012
Global Markets

Kurdistan Region PM announced

Nechirvan Barzani, the nephew of Iraqi Kurdistan President Massoud Barzani, will replace Barham Salih as the prime minister of the Kurdistan Region of Iraq on 7 March, Bloomberg reported on Monday.

5 March 2012
Global Markets

Iran's parliamenary elections

Early vote counts of Iran's parliamentary elections showed strong support for candidates aligned with Supreme Leader Ayatollah Ali Khamenei, the Wall Street Journal reported on Sunday.

5 March 2012
Global Markets

Lacklustre interest in ONGC shares

The Indian government’s sale of a 5% share in state-run Oil and Natural Gas Corp. (ONGC) on Thursday received lacklustre interest from the private sector, Moody’s Investors Service said on Monday, according to Dow Jones.

5 March 2012
Global Markets

Oil – nine times more important than gas?

Shale oil and gas discoveries in the US are still insufficient to offset risks to the country’s economy from Middle East oil shocks.

5 March 2012
Global Markets

FARC’s ‘end to kidnappings’ looks like public relations

Oil and gas companies operating in Colombia will continue to face major security risks despite the ‘end to kidnappings’ announced by the country’s largest rebel group, analysts have told Interfax

5 March 2012
Global Markets

Nuclear for Mexico?

Mexico should turn to nuclear power to reach renewable energy goals and could “easily” build two more reactors at its Laguna Verde plant, Minister of Energy Jordy Herrera said on Thursday, according to Bloomberg.

2 March 2012
Global Markets

Energy subsidies

United States President Barack Obama asked Congress on Thursday to end $4 billion in subsidies for oil and gas companies, and vowed to tackle the country’s long-term energy issues.

2 March 2012
Global Markets

Bolivia

Bolivia’s President Evo Morales said he may seize oil and gas assets if companies fail to meet investment commitments, La Paz-based daily newspaper La Razon reported.

1 March 2012
Global Markets

North American gas prices tempt private equity back to energy industry

The medium-term ambitions of producers that want to export LNG to Asia are in line with the traditional strategies of private equity firms, say analysts.

28 February 2012
Global Markets

Stand-off between Argentine government and YPF continues

The stand-off between the Argentine government and the country’s largest oil and gas company YPF continued on Thursday, with government officials denied permission to enter a board meeting.

24 February 2012
Global Markets

Supply issues force Turkey to face up to gas import dependency

This month’s cold snap led to a gas supply shortfall in Turkey that exposed Ankara’s dependency on gas imports. With soaring domestic demand, rising electricity prices and problems with its underground storage facilities, what energy reforms does Ankara have tabled?

23 February 2012
Global Markets

New players could shift to hub-based LNG pricing

The surge in LNG demand coming from China, India and south-east Asia could be the catalyst for LNG prices in Asia moving away from the traditional oil-linked pricing mechanism and towards a spot market pricing.

22 February 2012
Global Markets

Programme to encourage British business with Australian LNG launched

The British High Commissioner to Australia Paul Madden and Western Australian Energy Minister Peter Collier met on Wednesday to launch the Northern Australia Gas High Value Opportunity Programme, which is aimed at encouraging more British companies to do business in Australia’s LNG industry, 9 News reported on Wednesday.

22 February 2012
Global Markets

The dangers of a hub-based pricing approach

Gazprom’s Head of Contract Structuring and Price Formation Sergei Komlev, talks in an exclusive interview about gas pricing in Europe and the future of oil-indexed contracts.

22 February 2012
Global Markets

UK faces spot market shake-up on storage

Supply strain in the UK’s gas market may have eased since the tight supply-demand situation of the last few weeks, but the market may now be facing supply complications caused by a storage shutdown in the UK and global storage obligations, which could significantly affect the spot market.

20 February 2012
Global Markets

US gas prices surge

United States gas prices surged ahead of Presidents’ Day weekend because of announced drilling cutbacks, as well as production shut-ins.

20 February 2012
Global Markets

Iran nuclear programme

Iran may be willing to revive international negotiations over its nuclear programme with "new initiatives", Reuters reported on Friday.

17 February 2012
Global Markets

Rock bottom prices force Chesapeake into asset sale

Chesapeake has outlined a financial plan to fill its expected funding gap for this year. The plan has raised some analyst questions about the extent of its financial stress and the use of excess proceeds.

15 February 2012

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