10月12日油气行业十大新闻

First, Aussies Not Happy with BP Cancellation. BP has decided to pull out of Bight, a $1.4 billion offshore drilling program offshore Australia. Diamond Offshore’s Ocean GreatWhite will have to hunt for oil in other waters.

Venezuela and Turkey Get Cozy. A non-binding, letter-of-understanding, memo was signed by the two countries yesterday. PDVSA would send cruise ship fuel to Turkish ports. Turkey in turn would help fix-up the Anzoategui Refinery. Gotta love those non-binding letters of interest.

OMV to Sale Turkish fuel retailer for $1.2 billion. Trafigura, Opet, Socar and some private equity firms said to bid. OMV is Europe’s largest O&G company and bought the gas retailer for $2.5 billion.

Saudi Aramco Wants Some Turkish Loving as Well. Saudi Aramco signed agreements with 18 Turkish enterprises to enable them to bid on upcoming, “Vision 2030”, projects.

Roseneft Boss Schin Says No to Cap. You thought Putin was a tough dude, Igor Sechin is not to be told what to do. This could get ugly considering, just yesterday, Putin said a cap was in play.

IEA, “OPEC Has Abandoned Free Market Policy”. Don’t you just hate it when capitalism works? Once again, NOCs cannot stand the concept of trade controlled by corporations. The chatter on caps has led the IEA to believe a re-balance is closer. Art, Mike, Don, and Ed all laugh hysterically.

Technip Lands Dvalin Contract. In the North Sea, the Dvalin field ties back to the Heidrun platform with four subsea templates. Technip has been awarded the honor of fabricating the flowlines and other subsea transport tubulars to perform the tie-back. If Technip wins, Subea 7 loses. You win some, you lose some.

Offshore Driller, Songa, lays up Semisub Dee. The Songa Dee’s contract naturally expired with Statoil and now sits idle at Port Mongstad. Here she is right now.

Permian Player, Diamondback Pulls Ejection Handle. Diamondback pulls out of talks concerning a Silver Hills Energy Acquisition. Diamondback has been one of the biggest acquirers of acreage in the most attractive shale play in the U.S., the Permian.

The People of China Like Cars. Gasoline demand is likely higher than reported by the Chinese according to Energy Aspects. Data out of China unreliable? I am shocked. Wait until we learn what the banking numbers really look like.