LNG Masela mothballed until 2029, analysts say
Inpex received the letter of rejection for its Abadi FLNG plans on Monday, but Jakarta's insistence on the onshore option will likely delay development for five years.
Exploration & Production Karoo closer to exploration but fracking still far away
South Africa may approve its first five shale exploration licences this year, but only one applicant is considering fracking at this stage.
Surgutneftegas Yakutia oil production up in 2016
Russian company Surgutneftegas increased its oil production at fields in Yakutia in January-March 2016 by 5% year on year, to 2.1 mt.
6 April 2016
Global Markets
Traders cut short positions in oil and gas
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
6 April 2016
Exploration & Production
Hebei puts its faith in coke oven gas conversion
Major Chinese coke-producing region Hebei is turning to converted coke oven gas to reduce pollution and secure its gas supply.
6 April 2016
Pipelines, Storage & Power
Wentworth plans gas expansion in East Africa
As oil producers struggle to make money, Wentworth’s $3/MMBtu contract to supply Tanzania with gas looks a lot more attractive.
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 2016
Exploration & Production
BP bats away doubts over long-term focus on Egypt
Some experts are unconvinced that BP is committed to Egypt over the long term, despite its push to develop the offshore Atoll field.
6 April 2016Europe needs up to €500 bln for nuclear power – EC
Up to €500 billion may be needed to secure investment in Europe’s nuclear power sector between 2015 and 2050, according to a report released by the EU this week.
6 April 2016Chinese pipeline sales resume after heating season
Upstream suppliers resumed pipeline spot sales last month after the heating season in northern China ended.
6 April 2016
Policy & Regulation
Experts mull Brexit gas implications
While some of the consequences for the energy sector of a UK exit from the EU are relatively easy to predict, others are less clear cut.
5 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 2016
Pipelines, Storage & Power
Funding sought for Tunisia-Italy power line
A subsea cable between Tunisia and Italy would help both countries manage their electricity needs, but finance will remain a sticking point.
5 April 2016
Supply & Demand
Trans-Med volumes spur African export growth
North African pipeline exports to Europe rose by 34% week on week in Week 14, led by a sharp increase in Trans-Med volumes from Algeria to Italy, which more than doubled.
5 April 2016
Companies & Finance
More mergers on the cards for Japan’s utilities
Japan has opened up the retail sector of its electricity market to competition, which it hopes will improve efficiency in the sector and bring down prices.
5 April 2016About 19,454 articles