Exploration & Production

Surge in Australian rigs boosts count in Asia Pacific

Australia was the only country in the Asia Pacific region to add gas-focused drilling rigs to its total in January 2017, with its count increasing by five from a month earlier.

LNG

Malaysia maintains LNG export volumes in 2016

Malaysia maintained a high level of LNG exports in 2016 even though its revenues and imports declined.

Companies & Finance

Projects chosen for EU funding under CEF second call

The EU has selected 18 gas and power infrastructure projects to receive funding under its second call for proposals under the Connecting Europe Facility in 2016.

22 February 2017
LNG

Chinese wholesale LNG prices inch upwards

Chinese wholesale LNG prices averaged RMB 3,024/t last week, edging up by 0.23% from the previous week.

22 February 2017
LNG

Warmer weather hits Asian spot LNG prices

Spot LNG prices for northeast Asia fell by 2.52% last week from the previous week, to $7.72/MMBtu, as warmer weather curbed heating demand.

21 February 2017
Supply & Demand

African pipeline exports to Europe hold steady

North African pipeline exports to Europe fell by 0.7% in Week 7 from the previous week, to 965.9 million cubic metres.

21 February 2017
LNG

Mexico swaps Peruvian LNG for US cargoes

Brazilian and Argentine demand for United States-produced LNG has vanished. However, Mexico is turning into Uncle Sam’s best customer.

20 February 2017
Exploration & Production

India awards licences for small oil and gas fields

India’s Ministry of Petroleum and Natural Gas has awarded 31 contract areas under the country’s small oil and gas licensing round.

20 February 2017
Pipelines, Storage & Power

French power output falls as gas share grows

Despite an increase in power generation from gas last year, France's total power production dipped by 2.8%.

17 February 2017
Exploration & Production

Saudi Arabia’s exploration drop offset by neighbours

The number of rigs targeting gas in the Middle East ticked up by 1.1% in January as a drop in the number of active rigs in Saudi Arabia was offset by activity in Egypt, Kuwait and Oman.

16 February 2017
LNG

Brunei’s LNG export revenue falls by 30%

The value of Brunei’s LNG exports fell by around $1 billion in 2016 compared with 2015 despite a slight increase in export volumes.

16 February 2017
Supply & Demand

Ukraine imported 8% more gas from EU in 2016

Ukraine imported 11.1 billion cubic metres of gas from European suppliers in 2016, 8% more than in 2015.

15 February 2017
Global Markets

Chinese LNG trading down slightly in January

A total of 93,070 tons of LNG was transacted on the SHPGX in January 2016 compared with 110,460 tons in December 2016 and 7,100 tons in January 2015.

15 February 2017
Supply & Demand

China’s spot LNG takes record share in December

Thirteen of China’s 14 operational LNG terminals received a record 3.73 mt in December 2016, while spot volumes accounted for 32% of the total, a record high for the year.

14 February 2017
Pipelines, Storage & Power

North African pipeline exports to Europe bounce back

North African pipeline exports to Europe rose by 3.7% week on week, to 973.2 million cubic metres, after having fallen by 3.7% the previous week.

14 February 2017
LNG

Peru pivots from Mexico to Europe

Average royalties for Peru’s LNG exports have shrunk by more than 80% over the past three years.

13 February 2017
Exploration & Production

Australian gas production to double in three years

Australia expects annual gas production to almost double over the next three years as it works to support its new LNG export projects.

13 February 2017
Companies & Finance

Total reports positive results in Q4 after difficult year

Total registered an adjusted net income – the company’s preferred profit measurement – of $2.4 billion in Q4 2016, 16% up from a year earlier.

10 February 2017
Exploration & Production

Gas-focused wells increase share in Argentina

Argentina added two rigs in January, taking its total to nine and gas-focused exploration in the country grew in 2016.

9 February 2017
LNG

India’s LNG imports boosted by low prices

India’s LNG imports continued to grow through the end of 2016, but consumption declined in last two months of the year.

9 February 2017
Policy & Regulation

Gas takes biggest share in UK capacity auction

Gas-fired power generators won 40% of the awarded capacity in the UK’s early capacity auction for delivery in 2017/2018.

8 February 2017
Companies & Finance

BP lays its foundations for growth

BP registered a rise in profits in Q4 2016, with the CEO saying the company had laid the foundations to be back to growth.

7 February 2017

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