Mehrer

US Gulf Lease Sale Shows 'Industry Optimism'

Shell, Statoil and Hess were the top bidders for leases in the Department of the Interior’s central region US Gulf of Mexico lease sale 247 which took place March 22.


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Kosmos Resumes Senegal Exploration

US independent Kosmos Energy said March 24 it has begun the second phase of its multi-well exploration drilling program offshore Mauritania and Senegal.


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Shell Sells Gabon Assets to Carlyle

Shell said March 24 it has agreed to sell 100% of its Gabon onshore interests for $587mn to US-based private equity firm Carlyle Group.  Carlyle will also assume debt of $285mn and will make additional payments up to a maximum of $150 million depending on production performance and commodity prices.


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Comment: The EU Energy Transition Meets a Cheap Fossil-Fuel World

Cheap shale gas killed the US nuclear revival 10 years ago and could derail expensive UK nuclear plans. But low oil and gas prices could also slow the European Union’s energy transition.


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Gazprom Offers A New Way of Trading

Russia’s ability to dominate eastern European gas markets has atrophied thanks to the oversupply of gas, the development of hubs and new pipelines.


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CWC Singapore

NATURAL GAS NEWS

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