September 21, 2016

From Reuters: President Vladimir Putin officially launched production at a new oil field on Wednesday, a day after Russia’s output touched a record high even as Moscow prepared to join talks aimed at supporting prices. OPEC and non-member producers including Russia will meet next week to discuss a potential deal to stabilise the market by at least freezing output in

From Bloomberg: Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France’s Total SA in addition to an expansion of the existing $19 billion Exxon Mobil Corp. PNG LNG project. The Pacific nation expects its gas reserves to feed both PNG LNG as well as the separate Papua LNG venture, according to Wapu Sonk, the managing

From Reuters: India’s biggest refiner Indian Oil Corp Ltd and gas transporter Gail (India) Ltd will buy a combined 49 percent stake in a liquefied natural gas (LNG) terminal being built in the eastern state of Odisha. The Dhamra LNG terminal, with five million tonnes of natural gas regasification capacity, is being built by a unit of billionaire Gautam Adani’s