Decline in Asia drilling market as bear market bites
The number of rigs drilling for gas in the Asia Pacific region fell by 25% year on year in April 2016 , with the biggest losses coming from Australia and Thailand.
- Natural Gas Daily ▾
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Thailand’s major gas fields up for grabs
Thailand will open bidding for major gas-producing blocks operated by Chevron and state-backed PTTEP once their licences expire, following pressure for improved transparency.
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- Well development trends cut costs in US – IHS
- Angolan president appoints daughter to chair Sonangol
- JX Nippon set to take 10% stake in Bintulu LNG
- Noble wins approval for Leviathan plan
- Kazakhstan in talks with KPO over Karachaganak
- Oil price cuts cost of Southern Gas Corrridor
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- Global Gas Analytics ▾
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OPEC freeze unlikely with oil above $50/bbl
With oil prices at around $50/bbl, the prospect of OPEC capping production levels at its June meeting is looking increasingly remote.
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- Oil price rise dampens hopes for OPEC output cap
- Price favours Canadian gas flows into western US
- OPEC freeze unlikely with oil above $50/bbl
- Kuwait sees intense inter-sector competition for gas
- Upstream cuts create potential for supply shock
- Henry Hub futures to receive weather-related boost
- European hub prices fall, but only marginally
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