SURGUT: 5% UP
In January-July 2014, Surgutneftegas produced 35,630 thousand tonnes of crude oil.
For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 4,378.3 thousand tonnes, 5% up versus seven months of the last year. For ten years of operation in Eastern Siberia, oil production reached 30,000 thousand tonnes.
In January-July 2014, overall gas production amounted to 5,401 million cubic meters.
For the year to date, in-house drilling reached 2,468 thousand meters of rock including exploratory drilling amounting to 123.7 thousand meters.
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BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.
PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.
FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn.
U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.