Kunlun Energy to speed up Kunlun Gas integration
PetroChina-owned Kunlun Energy will accelerate its integration with Kunlun Gas this year to boost gas sales in China.
6 April 2016India reduces gas price by 20%
India has reduced the price of locally produced gas for the third time in 18 months.
6 April 2016Chongqing Gas net profit up in 2015
Shanghai-listed Chongqing Gas Group generated a net profit of RMB 374.9 million ($57.88 million) in 2015, up by 4.26% year on year.
6 April 2016Aminex begins Kiliwani North production in Tanzania
Africa-focused company Aminex has started production from its Kiliwani North gas field in Tanzania.
6 April 2016Russian Arctic exploration slows
Geological exploration work on Russia’s Arctic shelf has slowed, but its condition is not critical, a senior official told a roundtable discussion of the State Duma’s Energy Committee.
6 April 2016Russia to index gas prices at 4% before liberalisation
Russia’s Federal Anti-Monopoly Service has proposed indexing wholesale gas prices for industry at 4% as of 1 July 2017.
6 April 2016Combined-cycle gas capacity beats coal steam in US power mix
The average capacity of combined-cycle gas power plants in the United States has exceeded that of coal steam plants for the first time on record.
5 April 2016Delek determined to develop Israel’s Leviathan
Delek Drilling is determined to move ahead with the Leviathan offshore gas field despite Israel’s High Court of Justice blocking the government’s development plan.
5 April 2016Inpex hopes for rethink over onshore Abadi LNG
Japan’s Inpex has asked the Indonesian government to reconsider its decision to make the Abadi LNG project an onshore development.
5 April 2016Closure threatened at Denmark’s Tyra field
AP Moller Maersk has said it will close Denmark’s largest gas field by 2018 if it cannot find an economically competitive solution to improve its ageing facilities.
5 April 2016Lukoil to start Pyakyakhinskoye production in 2016
Lukoil plans to start production at the Pyakyakhinskoye field in 2016 and to raise output to a plateau of 11 million barrels of oil and 3 bcm of gas per year by 2017.
5 April 2016Fourth phase of Sakhalin 2 plans for new reserves
Sakhalin Energy has based the fourth phase of the Sakhalin 2 project on potential changes in reserves at the Lunskoye field, the company said in its sustainable development report.
5 April 2016Competitive pricing boosts Russian gas exports
Russia exported 44.1 bcm of gas to non-CIS countries between January and March 2016, significantly more than the 34.41 bcm it exported in Q1 2015.
5 April 2016Russian gas production down in Q1
Russian gas production fell by 0.3% year on year in Q1 2016, to 169.26 billion cubic metres.
5 April 2016Petrobras announces voluntary redundancy plan
Brazil’s state-run oil producer Petrobras has announced 12,000 voluntary layoffs to reduce the size of its estimated 80,000-strong workforce and save $9 billion over the next four years.
4 April 2016US rig count hits record low
The number of oil and gas rigs in active use in the United States dropped to 450 for the week ending 1 April – the lowest number recorded since November 2009.
4 April 2016Texas LNG files FERC application
Houston-based Texas LNG has filed a full application to the FERC for its Port of Brownsville project – one of three LNG export projects planned near the Brownsville area.
4 April 2016Halliburton’s Baker Hughes takeover struggles with asset sale
United States oil services provider Halliburton’s $35 billion takeover of competitor Baker Hughes may have stalled.
4 April 2016Iran and Oman agree subsea pipeline route
Iran and Oman have agreed on a subsea route for the delivery of Iranian gas.
4 April 2016Gazprom lowers Kyrgyzstan’s gas price
Gazprom has reduced the price Kyrgyzstan will pay for Russian gas by $15/Mcm, or 9%, in Q2 2016.
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