Methane Hydrate Mining Could Soon Become Economically Viable
and dissociation process of natural gas hydrate only involves the combination and decomposition of natural gas and water molecules, making it a relatively clean technology.However, the economic viability of methane hydrates also depends on factors such as reservoir conditions, production efficiency and gas sales prices. Technology development is on-going to overcome issues such as hydrate dissociation, sediment collapse and unstable gas yield.Gas hydrates can potentially help countries such as Japan and India which rely heavily on energy imports. Japan is already aiming to have private methane hydrate
Statoil Robust Performance Continues
amount of USD 324 million. This is mainly related to two exploration wells in the Gulf of Mexico. Statoil delivered equity production of 1,805 mboe per day in the third quarter compared to 1,909 mboe per day same period in 2015. The reduction was primarily due to planned maintenance and deferral of gas sales. Excluding these elements and divestments, the underlying production growth was 5% compared to the third quarter last year. As of 30 September 2016, Statoil had completed 21 exploration wells. Adjusted exploration expenses in the quarter were USD 581 million, up from USD 412 million in the third
Gazprom: More Sanctions Could Hit Business
of 31.9 roubles per $1), in line with forecasts and reflecting a weaker rouble. Net debt in rouble terms rose 4 percent to 1.11 trillion roubles. The rouble declined 7.2 percent year on year against the dollar in 2013 reflecting a weakening economy. Gazprom said revenue from gas sales to Europe and other countries amounted to 1.68 trillion roubles, or 57 percent of total gas sales. Last year's sales rose 10 percent to 5.25 trillion roubles from 4.77 trillion in 2012, and above an expected 5.19 trillion. Analysts were awaiting a post-results conference call
BOEM Completes Enviro Review for Proposed Oil &Gas Sales in Eastern GOM
Area includes approximately 658,000 acres The Bureau of Ocean Energy Management (BOEM) completed the Final Environmental Impact Statement (FEIS) for two proposed oil and gas lease sales in the Gulf of Mexico's Eastern Planning Area. "This analysis evaluates baseline conditions and potential environmental impacts of oil and natural gas leasing, exploration, development and production in the Eastern Planning Area, and updates information already published," said BOEM Director Tommy P. Beaudreau. "This document is an important part of the decision-making process regarding future
August 2026
