Russia's October oil production was down 0.3% to 11.24 million b/d from September. This is the third month in a row that Russia has not met its OPEC+ commitment. Fully year figures are trending towards 11.5 million b/d, up 0.7% y-o-y and a new record.
Today President Putin and Chinese leader Xi Jinping officially launched deliveries of Russian gas to China via Power of Siberia. The pipeline will provide an opportunity to monetise otherwise stranded gas in East Siberia.
https://t.co/gEyHnmqSb5
How do the interactions of politics, finance and technology impact the world of energy? Every Friday in Energy Pulse, @Ed_Crooks examines the forces driving the week's biggest stories. Sign up here: https://t.co/LrOr0l4Lel
While many countries are changing their energy mix by shifting towards renewables, Russia remains the third largest hydrocarbon producer globally.
We examine the uniquely Russian energy transition, the key risks and opportunities.
https://t.co/35UAetpeeU
Private equity is known for taking under-capitalised assets and exploiting upside. What challenges do these companies face between now and a successful exit in coming years? Register for our forthcoming webinar to find out more >> https://t.co/uL4cDpV39P #privateequity#upstream
I'm in Sydney and Melbourne this week introducing Wood Mackenzie’s new #GlobalUpstreamValuations solution. It's been great getting client feedback on the new platform - and this is just the start of the #WoodMackenzieLens journey! https://t.co/wSs1gFzMFN
Russia produced again more than allowed under the OPEC+ cut in September: Output was 11.26 million b/d, down by 0.5% from August’s level of 11.31 million b/d.
Why, on average, are upstream operations more exposed to carbon emissions risk than downstream operations? In our latest #carbon analysis we look at the regional and sector differences. Read more https://t.co/qDbLu2A232
#OPEC production to drop 2 million b/d in 2019 as sanctions & production restraint cut deep. Dramatic contrast in global liquids supply growth between 2018 & 2019 @WMALHittle#WMEnergySummit https://t.co/UlZKsxlEzX
The attack on #saudiarabia#oilandgas infrastructure shows that critical elements of the supply chain are more easily disrupted than we imagined. Latest analysis from Chief Analyst Simon Flowers and VP Oils Research @WMALHittle#abqaiq#khurais https://t.co/Zj8osIqEVR
Oil and gas asset valuations can vary widely, but the process of assessing value is fundamentally the same.
Read our article to understand what's required of the analyst at each stage:
1) Gathering data
2) Assessing value
3) Screening assets
https://t.co/DqBof3OnqT
And as my @WoodMackenzie colleague @WMALHittle points out, there is no way world inventories and spare capacity can cover a 5m-plus b/d supply shortfall for long. Her view: “A geopolitical risk premium will return to the oil price”
LNG supply growth will extend as the final trains are added at US facilities. How will the global #LNG market balance over the next two years? Read more at https://t.co/cPpe7pO6oP
Gazpromneft and @NOVATEK_ will explore the extremely remote North Vrangelevski block in the Chukchi Sea, near Alaska. The two companies are the most experienced maritime Arctic players in Russia but a discovery will be tough to develop.
Are you ready to navigate the changing energy landscape? Register today to join us at our Global Energy Summits to discuss the impact the energy transition will have across the energy value chain https://t.co/Wk8XhuYDeV
Russia’s high-profile Eastern Economic Forum saw a number of important LNG announcements, including FID at @NOVATEK_ Arctic LNG-2, FEED at @RosneftEN and @exxonmobil's Far East LNG and many cooperation agreements with Asian companies. Read our analysis: https://t.co/QsrhgcCdtg
Russian oil production rebounded in August to 11.3 million b/d, above the OPEC+ cut level. @RosneftEN's Yuganskneftegaz jumped by more than 13% after problems with the pipeline network were resolved. Read our report on Yuganskneftegaz here: https://t.co/e1Bd8VGyEy