Saturday, January 17, 2015

RUSSIA, UKRAINE PEACE TALKS SUSPENDED .... Ukraine double taxation on natgas extraction by private comps made permanent. (They are not helping themselves.) .... Sao Paulo water reservoir running dry in middle of rainy season .... Venezuela's oil comp wants to spend $300B next 5 yrs to double production to 6Mb/d. $20B Chinese investment/loans so far. Iran to finance housing for poor. (Russia probably will get into the mix more.) .... Egypt deal with Gazprom for LNG shipments. Deal with Algeria for 6 LNG shipments to Egypt .... Malaysia energy comp pulled out from buying $280M stake in Gulf of Thailand oil/gas block .... Petrobras imposed temporary ban on comps engaged in kickback scandals .... Indonesia tightening control of oil/gas imports, exports to eliminate "mafia" practices .... Statoil OK'd to drill exploration well in Norway's N Sea .... Serbia's oil comp (majority-owned by Gazprom) to invest $384M this year for projects, refinery modernization .... Lion Petroleum began oil drilling in Kenya .... Enbridge to build, own, op new 25km oil pipeline in Gulf of Mex. $130M. Online in '18. 3,500 ft deep .... No proven or probable reserves in Afren's oil field in Iraq Kurdistan. 190M bls scratched .... WBH Energy (TX oil/gas operator) filed bankruptcy .... Over 20K small/midsize comps drive most of US oil/gas production .... Petro Vietnam cutting production, ceasing exploration at 4 oil fields (avg extraction cost over $60/bl).

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