Energy Update
Jan 25 (Reuters) - SandRidge Energy Inc is exploring debt restructuring options, according to people familiar with the matter, as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices.
Iran's speed of re-integration into the global oil market is a million b/d question mark hanging over the industry.
(Mon, 25 Jan 2016) The average natural gas spot price at the benchmark Henry Hub for December 2015 of $1.93 per MMBtu was the lowest monthly average since March 1999. EIA's latest <em>Short-Term Energy Outlook</em> expects natural gas prices to rise, averaging $2.65/MMBtu in 2016 and $3.22/MMBtu in 2017. Expected price increases reflect consumption growth, mainly from the industrial sector, that outpaces near-term production growth.
SHANGHAI, Jan 25 (Reuters) - China's first initial public offering under rules introduced on Jan. 1 that make listings easier was oversubscribed more than 4,000 times, showing Chinese investors remain hungry for IPOs despite recent market gyrations over growing economic concerns.
The National Iranian Oil Company of Iran has signed an agreement to supply oil to Greece’s main oil refiner, Hellenic Petroleum, after lifting sanctions.
Subsea Engineering Associates (Sea) has received a contract to provide detailed design, procurement and construction management for the Baltic Gas project located in the Polish sector of the Baltic Sea.
FMC Technologies has signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia.
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