Russian oil and condensate production up in Q1
Russia produced 135.42 mt of oil and gas condensate in Q1 2016, 3.1% more than in Q1 2015.
4 April 2016OMV and Gazprom to cooperate on North Sea and Urengoy assets
OMV is offering Gazprom the right to participate in its Norwegian North Sea assets in exchange for a 25% stake in two of the Achimov blocks in Russia’s Urengoy field.
4 April 2016Naftogaz Ukrainy proposes TSO separation plans
State-run Naftogaz Ukrainy has made proposals for the separation of Ukraine’s gas TSO from the Naftogaz group to meet the requirements of the EU’s Third Energy Package.
4 April 2016Cañete to meet Nord Stream officials in Brussels
European energy commissioner Miguel Arias Cañete will meet Nord Stream’s Managing Director Matthias Warnig and Gerhard Schroeder, the chairman of Nord Stream’s shareholders committee.
4 April 2016Vanda LNG tanker arrives at Guangxi terminal
The BW Pavilion Vanda LNG carrier arrived at Sinopec’s Beihai terminal in the Guangxi region with a cargo of 157,000 cubic metres on 27 March, according to local media reports.
1 April 2016Mexico’s gas reserves down 17% in 2015
Mexico’s energy regulator Comisión Reguladora de Energía said the country’s proven oil and gas reserves fell by 21.3% in 2015 as Pemex cut investment.
1 April 2016Tesla launches new electric car for mainstream market
Tesla launched its Model 3 electric car in California on Thursday at a price that could revolutionise the market.
1 April 2016Gorgon LNG hit with major repair bill
Australia’s Gorgon LNG project may have hit another setback – the $54 billion facility suffered a mechanical problem shortly after its first LNG cargo was launched last week.
1 April 2016Nanjing’s gas consumption hit 1 bcm last year
Nanjing, capital of east China’s Jiangsu province, consumed 1.02 billion cubic metres of gas in 2015, local media reported.
1 April 2016Tangguh LNG expansion likely to be delayed
The expansion of the Tangguh LNG project’s third train is likely to be delayed because of low gas prices.
1 April 2016Zambia opens tender for 40 oil and gas blocks
Zambia’s government has launched a tender for oil and gas exploration in 40 blocks across the country’s 10 provinces, according to local media.
1 April 2016Rosneft targets production of 65 bcm this year
Rosneft plans to produce 64.8 billion cubic metres of gas in 2016 and has 67 bcm of contract sales slated for this year, the company’s Vice President Vlada Rusakova has said.
1 April 2016Kazmunaigas revises budget for 2016
The board of directors of Kazmunaigas Exploration Production has approved a revised company budget for 2016.
1 April 2016Ukraine seeking $500 mln loan to buy gas for storage
Ukraine’s state-owned Naftogaz Ukrainy is seeking $500 million in loans to buy gas to inject into underground storage facilities in summer and autumn 2016.
1 April 2016Gazprom gas exports to Europe rise by 9% in March
Gazprom supplied Western Europe and Turkey with 14.8 billion cubic metres of gas in March 2016, 9% – or 1.2 bcm – more than in March 2015.
1 April 2016Iran’s Sanergy to build Armenian distribution network
The Armenian government approved a draft decision on Thursday for Iran’s Sanergy to construct a gas distribution network in the south of Armenia.
1 April 2016BP and CNPC sign Sichuan shale gas contract
BP and China National Petroleum Corp. have signed a production-sharing contract for shale gas projects in the Neijiang-Dazu block in the Sichuan Basin.
1 April 2016Opposition trying to put off Spectra’s AIM
Spectra Energy’s Algonquin Incremental Market (AIM) project to expand pipeline systems in the United States is facing opposition.
31 March 2016India may cut domestic gas prices
India’s petroleum ministry may cut domestic gas prices by 17% from 1 April for six months, to $3.15/MMBtu from the current price of $3.82/MMBtu.
31 March 2016BP confirms layoffs in Alaska and Houston
BP has confirmed plans to cut 500 jobs in Houston, starting in June, according to local news reports.
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