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28 апреля, 12:45

Ukraine Criticised by UK's Cadogan

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UK-listed Cadogan Petroleum said it has continued to diversify its E&P portfolio away from Ukraine, where all its modest production, mostly gas, is based. In its annual report released on April 28, Cadogan reported a total 2016 loss of $6.9mn (2015 loss: $23.3mn) and criticised Ukrainian upstream policy.

28 апреля, 09:25

Lithuania’s gas bubble - NGW Magazine

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First it had gas only from Russia; but diversification into LNG has proved a mixed blessing for Lithuania which is now trying to onsell its excess. Mindful of a LNG glut at the Klaipeda LNG terminal and the gloomy outlook for gas demand, Lithuania’s Klaipedos Nafta (KN), operator of the floating...

28 апреля, 09:05

Gas depresses coal's share of US and UK generation - NGW Magazine

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Market forces in the US and a price floor in the UK show different ways of reaching the same result, even if it is not a matter of policy. Electricity production in OECD member states increased by just 0.9% last year, according to an International Energy Agency survey of monthly electricity production...

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27 апреля, 18:45

BP Buys Timis out of Senegal

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BP has said it agreed this month to acquire the full 30% minority participating interests held by Timis Corporation in two blocks offshore Senegal. Separately, the UK major on April 27 said it had agreed a $1.68bn divestment of a 50% stake in a Chinese petrochemical joint venture to Sinopec. The...

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27 апреля, 18:15

Win-Win-Lose from East Med Gas Cooperation

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Gas produced from the eastern Mediterranean – even from the deepwater Leviathan field offshore Israel – is cost-competitive with coal and has the potential to be exported by pipeline, perhaps with other gas reserves if the combined volumes are big enough, panellists agreed at the Atlantic...

27 апреля, 17:30

Vietnam OKs $1.27bn Gas Pipe

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Vietnamese government has awarded a licence to state-owned Petrovietnam and its foreign partners to invest $1.27bn in a gas pipeline in southern Vietnam, the country’s foreign investment agency (FIA) said in a report published April 26. The Block B-O Mon project pipeline will be built in Kien...

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27 апреля, 17:10

BASF-Wintershall Profits Improve

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German chemicals giant BASF increased its 1Q profits from its oil and gas (Wintershall) division threefold to €140mn, from just €47mn in 1Q2016, thanks to higher prices for both commodities.  Oil and gas production volumes matched, while those of sales gas exceeded, their 1Q2016 levels...

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27 апреля, 16:10

Teething problems in Romania’s free market - NGW Magazine

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Romania’s wholesale gas market was liberalised in April this year. Households are exempt for now while transmission, storage, distribution and supply networks tariffs are (1) all strictly regulated. A government decree (emergency government ordinance (2) ) No. 64/2017 has lifted all...

27 апреля, 15:00

US Not a Swing Oil Producer: IEEJ (Premium Content)

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The US is too small to be considered a swing crude producer or to have an impact on oil supply: that role remains Saudi Arabia's, said the chief economist and managing director at the Institute of Energy Economics Japan, Ken Koyama. He told NGW  on the sidelines of the Atlantic Council 2017...

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27 апреля, 14:40

EU Agrees Gas Security Rules

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Any EU country facing an emergency gas shortage will be able to alert another member state of the impending supply crisis and trigger cross-border assistance to remedy it, under new cooperation rules informally agreed by the EU’s Parliament and Council negotiators overnight. The accord was announced...

27 апреля, 12:25

Total OKs Argentina Shale Gas, 1Q Profits Soar

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Total increased adjusted 1Q2017 net profit to $2.6bn, a 56% increase year on year, it said April 27, also sanctioning a key investment in Argentina's Vaca Muerta shale gas basin -- one of its ten major E&P sanctions in 2017-18. Total's net income grew even more, up 77% to $2.85bn. Upstream net production...

27 апреля, 11:40

Poland Expects 1st US LNG in June

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Poland’s dominant gas supplier PGNiG said April 27 it expects Poland to receive its first US LNG cargo in the first half of June. It will be delivered by US supplier Cheniere Energy from its Sabine Pass complex in Louisiana to Poland’s Swinoujscie import terminal, following a spot deal by...