9月28日油气行业十大新闻

U.S. Presidential Debate and Energy Talk. Trump calls out Clinton on the failed Democratic backing of Solyndra. Trump calls for “all forms of energy” and focuses on the financial consequences of previous energy policies.

Fire in Caspian. A fire broke out on a platform in the Gunashli field, offshore of Azerbaijan (say that ten times fast) forcing the evacuation of 69 workers. Firefighting is underway. No one was injured, and the investigation to identify the cause of the accident is underway

And You Thought an OPEC Deal Was Possible. Oil prices slide downwards after Saudi Arabia said Algeria was full of it. Saudi and Iran are at war and the weapon is oil. There will be no deal.

U.K. Industry Group Cuts Reserves by One Third. Industry group UK Oil and Gas has slashed its estimate of Britain’s existing oil and gas reserves by a third, saying weak oil prices have made it less likely that some resources will ever be retrieved. The UK is the 21st ranked oil and gas producer globally and will likely fall further over the coming years.

Russia Does Everything the U.K. Does Not. To counter declining conventional production, Rosneft and Gazprom head to Siberia to crank up unconventional production, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.

U.K. Receives First Shale Gas. The U.S. delivers shale gas to the Brits. The first shipment just arrived. This top 10 is not looking good for the U.K.

Total Contracts Farstad’s CSV Far Sleipner. Farstand will support subsea activities offshore Congo. The 18 month contract has the possibility for extended terms. Several countries are setting themselves up for a severe case of Dutch Disease, but they have no other choice.

Onshore Drilling Next Year in Niger. Savannah Petroleum prepares for land seismic in Niger that will result in drilling next year. This is Niger, not to be confused with Nigeria.

Statoil Cancels Another Rig. This time the West Epsilon gets cut loose two months before contract end. Statoil’s cost cutting is going to be felt globally in 2017.

China Gets Ready for Winter with LNG Order. ENGIE has been working with China for 40 years. Following a tender process launched by Beijing Gas Group (BGG), ENGIE has been selected to supply approximately 900 MMcm of LNG to the city of Beijing. That is how you build a long-term relationship and the rewards are bountiful. Countries wanting to make money consider sage advice from Tarzan, “Make friend, not enemy.”