Oil Prices Down (Again). Brent and WTI futures continue their slide for their sixth straight day with Brent losing almost 14 percent since mid-October.
Iran-Pakistani Gas Pipeline Still A Thing? Looks like China might be stepping in to help Iran develop a long-delayed natural gas pipeline from Iran to Pakistan, after Pakistan withdrew from initial plans for it nearly two years ago.
Saudi Arabia Exchanges Fightin' Words. Saudi Arabia looks to play chicken with Iran, claiming that if Tehran won't limit its supply than they will raise their production to 11 or even 12 million barrels per day and say goodbye to the current meetings.
More North Sea Oil On The Way? Oil producers in the North Sea have indicated they may ship the most crude in more than four years, an increase that poses yet another challenge to OPEC.
Honghua Coming To Gulf Of Mexico. Chinese onshore drilling rig maker Honghua Group and Argo LNG Partners are planning to build a large LNG facility in the U.S. Gulf of Mexico as demand for LNG in China has steadily risen.
Alaska LNG Project Slow But Steady (Kind Of). Officials handling the delayed Alaska LNG Project are looking to file with federal officials for approval, but after being previously identified as the "least competitive liquefied natural gas projects in the world", another hurdle might just be the price tag.
Statoil Moves On Norwegian Sea. More contracts were awarded for development of the Trestakk field in the Norwegian Sea, which apparently contains about 76 million barrels of recoverable oil equivalent.
Big Oil Goes For Big Carbon Capture Plan. Major oil companies are looking to invest $1 billion to develop technologies to capture and store greenhouse gas emissions, including companies like Total SA, Statoil, Shell and others, as part of continued support of the Oil and Gas Climate Initiative.
Ink Dries On Paris Climate Deal. It has been a long time coming but the Paris climate agreement officially became international law Friday but the U.N. Environment Program still has cautionary words.
Infighting Exposed At Saudi Aramco. Out of the Desert, a 300-page book and memoir of former oil minister Ali al-Naimi, paints a very hostile picture of the struggle inside the state-run oil giant and also the rise of "petro-politics" in the region.
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EIA 2016 Report Released. Report forecasts $80 brent by 2020 and $136 by 2040. This 256-page annual report covers every aspect of U.S. energy put together by scores of government analysts.
Iran Hits Five Year High. Iran's August crude oil exports jumped 15 percent from July to more than two bpd, according to a source with knowledge of its tanker loading schedule, closing in on Tehran's pre-sanctions shipment levels of five years ago.
Freeport-McMoRan Has Office Space For Sale. A sign of the times in the Houston market: anyone looking for 355,000 square feet of office space? Anadarko might be the real winner with Freeport's demise.
French ENGIE Hits in North Sea. Oil and gas discovery near the existing Gjoa field in the Norwegian waters of the North Sea. Service companies rejoice.
W&T Offshore Buys Time. W&T works the financial angle to buy more time with a bond swap. S&P states cash may run dry in 12 months. Over 100 American O&G gas producers have gone bankrupt since 2015. [Bloomberg]
ExxonMobil Still Under Government Pressure. Accounting probe continues. "We don't do write-downs," CEO Rex Tillerson told trade publication Energy Intelligence last year. "We are not going to bail you out by writing it down. That is the message to our organization." [CNBC]
Petrofac Moves Further into Wind. With a big design contract win in the North Sea wind market, the trend toward finding revenue where one can continues. [Petrofac]
Cheniere: Substantial Completion of Train 2. Cheniere Energy Partners announced that Substantial Completion of Train 2 of the Sabine Pass liquefaction project was achieved yesterday. [WDRB] Throwback: nine months ago Oilpro Staff did a flyover of the Sabine Pass Facility. Check out the photo sideshow.
Adnoc pushes to the right. Abu Dhabi National Oil Company (Adnoc) has cancelled the tender process for key front-end engineering and design contracts related to a pair of offshore gas developments. [Upstream]
ENI Safety Shakeup. Eni is shaking up safety measures at the Goliat platform in Norway's Arctic in a bid to draw a line under a series of incidents that have hurt production at the world’s northernmost offshore oil field.
Kivalliq Energy Corporation今日宣布其已于2016年8月30日收购了加拿大Roughrider Exploration Limited公司196.9828股普通股股权，相当于Roughrider已发行股份的7.54%。到目前为止，Kivalliq共持有393.9656股Roughrider股份，占到了Roughrider已发行股份的15.08%。
Kivalliq Energy Corporation (TSX VENTURE: KIV) today announced that on August 30, 2016, in a private transaction, it acquired ownership of and control over 1,969,828 common shares of Roughrider Exploration Limited of 625 Howe Street, Suite 408, Vancouver, BC, V6C 2T6, Canada ('Roughrider'), representing approximately 7.54% of the issued and outstanding common shares of Roughrider. As a result, Kivalliq now has ownership of and control over 3,939,656 common shares of Roughrider, representing approximately 15.08% of Roughrider's issued and outstanding shares.
The 1,989,828 common shares were acquired by Kivalliq pursuant to the Mining Option Agreement dated July 10, 2014, and the amendment to the Mining Option Agreement announced December 22, 2015, between Kivalliq and Roughrider related to the Genesis Property uranium project in Saskatchewan, Canada.
阿布扎比国家石油公司(Adnoc)加强自身运作管理、施行全面战略评估并改进即将进行的主要油气项目来保持在目前油价状况下的企业竞争力。Adnoc最近宣布将整合两家海上开采公司以及三家油服公司。随着酋长国填补内需，Sources表示Adnoc将在短-中期阶段内优先发展天然气项目。
随着勘探复杂地质条件地区以及高成本油藏的进行，Adnoc将着眼于开发海上含硫气田，例如Hail和Ghasha。在对阿布扎比西北海岸未开发含硫气田区块以及Hail和Ghasha地区进行技术评估之后，Adnoc将与美国西方石油公司和奥地利石油公司共同合作进行天然气开发。
来自/Upstream 11月4日消息 编译/尉晶
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ABU Dhabi National Oil Company (Adnoc) is consolidating its operations, carrying out a thorough strategic review and re-working its upcoming key oil and gas projects in an effort to stay competitive amid the challenging oil price environment. Adnoc recently said it will integrate the operations of its two major offshore operating companies and is doing the same with three of its shipping and service companies. Sources suggest that Adnoc is expected to prioritise big ticket gas projects in the short to medium-term, as the Emirate tries to plug a gap in domestic supplies.
Adnoc is expected to resume its focus on developing huge sour gas offshore fields, such as Hail and Ghasha, as it aims to tackle complex and costly reservoirs. The company has teamed up with US independent Occidental Petroleum and Austria’s OMV this year in a partnership that may lead to the development of large scale sour gas fields under a technical evaluation agreement that includes undeveloped fields off Abu Dhabi’s north-west coast, with the Hail and Ghasha areas among them.
[/collapse]石油圈原创 www.oilsns.com
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EnQuest revealed Friday that it has discovered oil at its 100 percent owned Eagle exploration well, located in the North Sea.
Preliminary analysis indicates that an oil bearing reservoir with a vertical thickness of 67 feet and “excellent reservoir properties” was encountered at the well, said EnQuest in a company statement. No oil water contact was encountered at Eagle. And initial analyses have seen the company anticipate gross total recoverable reserves to be of a similar size to those in the nearby Gadwall producing oil field. It is estimated that total gross ultimate recovery from Gadwall will be approximately 6 million stock tank barrels of oil.
Market reaction to EnQuest’s latest news was described as “positive” by FirstEnergy, although the oil and gas advisory firm said that it was carrying Eagle as a larger prospect with 20 million barrels of gross resources instead of 6 million barrels. FirstEnergy stated, however, that investors would most likely welcome news of the addition of a few million barrels of reserves.
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来自/Your Oil and Gas News 8月8日消息 编译/张弘引石油圈原创www.oilsns.com
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President Energy (AIM: PPC), the oil and gas exploration and production company provides the following update on its Argentine and Louisianan operations.
Further to the announcement on 28 June 2016, President has now accepted the Drilling Rig and accordingly the Company is pleased to announce the commencement of drilling of the DP1002 S/T development well at its Dos Puntitas Field, Puesto Guardian Concession, Salta, Argentina. Whilst it is not possible to be precise on timing due to the fact that this is the first horizontal well to be drilled in the Concession, estimated drilling time, excluding completion, is considered to be approximately one month.
The well is the first of the three horizontal well programme. The drilling campaign has been undertaken with the objective of increasing sustainable production from the Concession to over 1,000 bopd.
The Company also announces that drilling of the A55 S/T well at the non-core, non-operated East White Lake field has successfully taken place. Results of the logs and side well cores show good quality sand with aggregate net oil pay in excess of 40 feet. The well is now being completed as a producer and is expected to be online in September 2016. The well will make a positive contribution to President’s Louisiana net production. The Company expects initial production to be in line with similar wells which have had initial gross flow rates of at least 250 bopd.
PARIS -- Total has signed a binding Heads of Agreement with Chugoku Electric for the direct supply of LNG for a period of 17 years starting from 2019. Under the agreement, Total will supply Chugoku Electric with up to 0.4 million tons of LNG per year from the company’s global portfolio.
“This supply agreement with one of Japan’s major regional electric utilities is an important milestone for Total in the country where the Group has been a reliable partner in supplying LNG for almost 40 years,” Laurent Vivier, president of gas at Total, said. “Strengthening our presence in Japan, the world’s largest LNG importer, through long-term cooperation with leading LNG buyers, such as Chugoku Electric, is a key component of Total’s strategy.”
Quadrant Energy公司已经完成澳大利亚海上Phoenix South-2评价井的所有工作，钻机已离开原钻井区域。该评价井在5176至5215米深度钻探到了39米深的含油气储层，探测到有流动天然气，并对储层孔隙压力进行评估。该项目的合作伙伴Carnarvon石油公司表示，由于井下压力比预计更大，该评价井不能接近地下5215米以下185米深的Caley含油储层。较高的压力也证实了这一储层的储量更大，天然气和凝析油的流动速率更高。详细信息在Carnarvon得到评价井的全面信息后更新，预计对Phoenix South Caley砂层的储量估计有积极的影响。
HOUSTON -- Baker Hughes has significantly expanded its ShopBakerHughes.com e-Commerce portal, which allows customers to purchase online the same products Baker Hughes uses in providing its oilfield services. In addition to the 1,600-plus products currently available on the website, over the next three months, the company is adding products from its Artificial Lift, Production Chemicals and Drill Bits product lines, as well as Reservoir Software to the online offerings.
The new products will provide the same engineering and manufacturing quality that is available with the existing online offerings from Baker Hughes, which includes its Completions and Wellbore Intervention, Drilling and Completion Fluids and Wireline Services product lines.
The e-Commerce portal is accessible 24/7 and offers convenient payment options, including payment by credit card. All of the items featured online typically ship within as few as seven days from purchase. Shipments are tracked and updates are provided to the customer by email throughout the order fulfillment process.
“In today’s climate of having to do more with fewer resources, e-commerce is a proven method of increasing efficiency and reducing costs for our customers,” said Utpal Ganguly, V.P., e-commerce at Baker Hughes. “Customers can search, select and complete a transaction in a matter of minutes and get the shipment at their desired location within a short timeframe.”
来自/Natural Gas Europe 8月10日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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The European Commission (EC) said August 10 it has now allocated €187.5mn for the construction of Balticconnector, the first Estonia-Finland subsea gas pipeline, and has allocated €29.9mn to build a 140-km electricity line between Dobrudja and Burgas in Bulgaria. The two grants were already announced as having been approved by the EC on July 15.Balticconnector’s project director Matti Sainio told Natural Gas Europe July 15 that the final investment decision was expected this autumn.The EU grants correspond to 75% of Balticconnector’s cost and 50% of those of the Bulgarian line.
EU energy and climate change commissioner Miguel Arias Canete said that Balticconnector would be “part of a chain of projects that will end the gas isolation of northeastern Europe and develop the Baltic regional energy market," while the Bulgaria line would “reinforce security of electricity supply and integrate renewable energy into the electricity market.”
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Houston-based oil industry service provider McDermott International has landed a $454m contract from Mexico’s state oil firm Pemex to work on a platform project in the Gulf of Mexico.
NYSE-listed McDermott will provide engineering, procurement, construction and installation (EPCI) services on the Abkatun-A2 platform to be located in the Bay of Campeche and it will be the company’s largest project yet for Pemex.
Abkatun-A2 is needed to replace a platform that was destroyed in a catastrophic fatal fire last April. The blaze on the Abkatun-A Permanente platform killed seven workers (although the bodies of three of them were never recovered).This is the latest in a series of commissions McDermott has won from Pemex.
The platform is scheduled to be completed and handed over to Pemex by the fourth quarter of 2018.
石油圈