Gas Sales News

CEO Eldar Sætre Photo Statoil

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

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