Sonatrach (Algeria) signs 12 bcm/year gas contracts with Spain and Italy

The Algerian oil and gas company Sonatrach has announced a nine-year gas supply contract with Spain for 9 bcm/year. Algeria is intensifying commercial relations with Europe, as Gas Natural Fenosa renewed its gas supply agreement with Sonatrach until 2030 in June 2018. Sonatrach currently supplies around 9.8 bcm/year to Gas Natural Fenosa.

In addition, Sonatrach has signed a contract with the Italian oil and gas company Eni for 3 bcm/year of gas; the timeframe of the contract was not disclosed. Eni currently produces 100,000 boe/d in Algeria and operates 32 mining permits in the country.

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Energy Ministry pulls back on Euro-IV standard (Philippines)

The Philippines Ministry of Energy has announced that oil companies will be allowed to commercialize the more pollutant (and cheaper) Euro-II compliant automotive diesel oil, in an attempt to reduce the effect of rising international fuel prices on the national inflation rate. The motion shifts the country from a Euro-IV standard stated by the Environment department in 2016 to reduce pollution, since Euro-IV fuels have sulphur content of 50 ppm, compared to 500 ppm for Euro-II fuels.

The Ministry also ordered the National Oil Company-Exploration Corp to raise imports of low-priced oil products (especially diesel) to mitigate volatile oil prices.

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Tanzania plans to build gas pipeline to Uganda

The Tanzania Petroleum Development Corporation (TPDC) is looking for a contractor to carry out feasibility studies in order to assess current and future gas demand, potential gas buyers and the most economically viable route for a future gas pipeline that would connect Tanzania and Uganda.

Tanzania's natural gas reserves are estimated at 57 tcf (1,610 bcm) and are mostly located in offshore fields. The proposed gas pipeline would connect Dar es Salaam, Tanga near the Indian Ocean and Mwanza on Lake Victoria; it would then cross the border to Uganda.

The project is part of a cooperation energy agreement between the countries. In 2016, the countries agreed to build an oil pipeline to transport Uganda's land-locked crude oil to offshore markets.

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China plans to grant private companies access to oil, gas infrastructure

The National Development and Reform Commission (NDRC) of China has issued the draft rules to concede private companies access to national oil pipelines, gas pipelines, LNG terminals and gas storage infrastructures. The motion was requested by the country’s energy operators and should mark the first concrete plan to promote fair access to gas-related facilities.

China is reforming its oil and gas sector and removing state companies' monopolies and private energy companies are being encouraged to sign term contracts to utilize the national infrastructure.

The NDRC also contemplates changing standard units for measuring energy flows, from tonnes to thermal units in order to facilitate the calculation of transportation costs.

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TransCanada's Keystone XL pipeline secures environmental review (US)

TransCanada's proposed 830,000 bbl/d Keystone XL oil pipeline secured a positive environmental review from the US State Department, which ruled that a plan for an alternative route through Nebraska (United States) would have no significant environmental impacts. The Public Service Commission of Nebraska approved the project in December 2017 but not TransCanada’s preferred route.

Keystone XL would link the Alberta oil sands through Nebraska (US) to the Mexico Gulf coast refiners over a 1,897 km route and has been repeatedly delayed by the US Government. Following the recent election of US President Trump, the US State Department approved the pipeline permit in March 2017. However, the project is still opposed by environmental groups, Native American tribes and some landowners and facing a case before the Nebraska Supreme Court, which TransCanada expects to be resolved by the end of 2018. Preparatory works are expected to start in autumn 2018 in Montana and full construction could begin in 2019.

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Mexico plans US$16bn investment to boost oil production, power generation

The Mexican government has unveiled a US$16bn investment plan to boost the domestic oil production, refinery capacity and hydropower generation. US$9.5bn will be invested in 2019 to upgrade existing refineries, build a new one for US$8.6bn in Dos Bocas in the state of Tabasco and increase oil exploration.

The country's crude oil output is flagging and declines to 1.88 md/d in the first half of 2018 down from 3.4 mb/d in 2005 and the government plans to add 600,000 bbl/d in the next two years to reach 2.5 mb/d. The main drivers behind this decline are the natural depletion of oil fields and a lack of investment. In 2018, Mexico imported 590,000 bbl/d of gasoline and 232,000 bbl/d of diesel from the Unites States while the domestic output has halved since 2013.

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Iraq extends bid deadline for the Diwaniya 70,000 bbl/d refinery project

The Iraqi government has extended the submission bid deadline for the 70,000 bbl/d refinery project in Diwaniya (south of Bagdad, Iraq) from 31 July 2018 to 30 October 2018. The refinery is a key project for the country and its construction fits into the framework of a broader strategy, according to which the government aims at increasing the country's domestic refining capacity to more than 1.4 mb/d.

Diwaniya and other projects will contribute to it, including in particular: Maysan (150,000 bbl/d), Kirkuk (150,000 bbl/d), Karbala (140,000 bbl/d) and Bazian (46,000 bbl/d). In May 2018, the government also signed an agreement with two Chinese companies, PowerChina and Norinco International, for the construction of the 300,000 bbl/d Al Faw (also spelled Fao) refinery at the Faw port in the Basrah region.

More energy news: https://goo.gl/JX6nho

China's CNOOC will invest US$3bn in Nigerian oil and gas operations

The state-run company China National Offshore Oil Corp (CNOOC) plans to invest US$3bn in its Nigerian oil and gas operations, which are jointly run through joint ventures (JVs) with its state-held counterpart Nigerian National Petroleum Corporation (NNPC). So far, the Chinese firm has spent roughly US$14bn in the country, which is looking forward to boost its crude oil production and reserves through partnerships with major oil ans gas players such as CNOOC, ExxonMobil, Shell and Chevron.

In November 2017, NNPC signed a US$1.7bn financing agreement with Chevron that would increase the Nigerian crude oil output by 39,000 bbl/d. The deal is expected to last until 2045 and the project will focus on oil, gas and condensate production from the Sonam and Okan fields located in leases OML 90 and 91 in the Niger Delta offshore Nigeria.

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Enerdata's free online applications: EnerOutlook and Yearbook

EnerOutlook

EnerOutlook fossil fuel prices up to 2040

EnerOutlook is a free online interactive data software which enables you to browse data through intuitive maps and graphs, for a visual analysis of the expected long-term trends in the energy industry.

These can be viewed globally and by world region. The interface provides robust forecasts on energy supply and demand as well as information on fossil fuel prices, renewable energies and CO2 emissions.

This application is an excerpt of the complete EnerFuture global forecast service based on the POLES model.

Global Energy Statistical Yearbook 

Global Energy Statistical Yearbook interactive map

The Global Energy Statistical Yearbook is Enerdata's free online application that displays global energy statistics through an interactive interface with maps and graphs. Browse the latest data (last update: 2018) by region, energy and year; compare and benchmark countries; and download data series to integrate to your model. 

The Yearbook provides statistics on : 

• production, consumption and trade of oil, gas, coal, power and renewables;
• CO2 emissions from fuel combustion;
• covering 60 countries and regions throughout the world;
• including updated data until 2017.

Global Energy Trends, 2018 edition. A step backward for the energy transition?

Every year, Enerdata leverages its globally recognized expertise and databases to produce its Global Energy Trends, an independent study of the past year’s energy market trends and resulting environmental impacts.

This analysis of G20 data, which accounts for 80% of the global energy demand, highlights key evolution of 2017 global markets.

2017 was defined by strengthened global economic growth (+3.7%), as well as by a rebound in CO₂ emissions (+2%) and energy consumption (+2.1%, twice as much as in 2016).

For more exclusive insight and detailed analysis by energy and country, you can download the publication on Enerdata's website. 

Upcoming Oil & Gas Industry Event

OSEA Conference & Exhibition in Singapore

Enerdata, a global leader in energy research, solutions and forecasting models, will be holding a stand (Hall D, no. BG4-08) at the upcoming internal oil & gas industry event in Marina Bay Sands from the 27^th to the 30^th of November 2012.

The Offshore South East Asia Conference & Exhibition (OSEA 2012) saw over 25,000 attendees in 2010 alone and this year's promises to be just as popular. Use this opportunity to meet and greet industry professionals from more than 1000 companies worldwide. Attendance is free, you can pre-register here.

To make the most of your time there, book a meeting slot with Enerdata, to discuss how we support your oil & gas business and strategic planning. With 25 years of experience in the energy sector, Enerdata specialising in the analysis of market drivers, trends, players and assets as well as supply & demand forecasting (see Oil & Gas Perspectives Report). Enerdata will be present in Hall D, stand BG4-08.

It is with pleasure that we look forward to meeting you at our stand. Save the date!