Monday, April 17, 2017

ALASKA PROPOSING $40-$45B N SLOPE NATGAS DEV, LNG EXPORT INFRA


Iran ready to join OPEC production cut extension. Also launching new development phase in S Pars field shared with Qatar.

China fossil powergen up 7% in 1Q yoy. (Matches reported 1Q GDP increase.)

10B bls oil discovered globally in '16.

Chevron CEO opposed to US carbon tax.

Uzbekistan 5-year, $2.5B natgas deal with Gazprom.

Georgia giving up on Gazprom.

Russia cutting oil shipments to Belarus from 6 to 5M tons this quarter.

N Sea oil output set for 40Kb/d decline next year.

Nigeria set to get its oil production back up after pipeline fix. Army also destroyed 13 illegal refineries.

US oil rig count up 11 last week, total now up near 2x yoy. Natgas rigs down 3, also up near 2X on year.

Kurds resumed oil exports after pipeline maintenance.

US oil assets could fall into Russia hands with Venezuela default. (Venezuela made latest bond payments. Next in early Fall.)

Libya oil field reportedly reopened. (Who knows what daily production is from week to week.)

Egypt made 1M bl/month oil supply deal with Iraq.

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