U.S. RIGS DOWN 13
U.S. Rig Count is down 13 rigs from last week to 637, with oil rigs down 5 to 510, and gas rigs down 8 to 127.
U.S. Rig Count is down 996 rigs from last year at 1,633, with oil rigs down 807, and gas rigs down 189.
The U.S. Offshore rig count is 29, up 3 from last week, and down 25 rigs year over year.
Canadian Rig Count is up 23 rigs from last week to 250, with oil rigs up 24 to 134, and gas rigs down 1 to 116.
Canadian Rig Count is down 182 rigs from last year at 432, with oil rigs down 89, and gas rigs down 93.
|United States Total||637||-13||650||-996||1633|
|Gulf Of Mexico||29||3||26||-24||53|
|U.S. Breakout Information||This Week||+/-||Last Week||+/-||Year Ago|
|Canada Breakout Information||This Week||+/-||Last Week||+/-||Year Ago|
|Major State Variances||This Week||+/-||Last Week||+/-||Year Ago|
|Major Basin Variances||This Week||+/-||Last Week||+/-||Year Ago|
|October, 18, 19:10:00|
|October, 18, 19:05:00|
|October, 18, 19:00:00|
|October, 18, 18:55:00|
|October, 18, 18:50:00|
|October, 18, 18:45:00|
There are more than a dozen LNG export projects currently being proposed to US regulators, though across the industry almost no final investment decisions have been announced over the last 18 months and some developers have delayed their decisions into 2018 or beyond. Few firm supply purchase agreements have been announced for the projects that have yet to commit to moving forward.
According to the U.S. Energy Information Administration, Canada's largest energy customer has boosted domestic oil production from less than four million barrels per day in 2008 to 9.2 million bpd now, while gas output has risen from 67 million cubic feet per day to 89 million cf/d.
Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.
International Brent crude futures LCOc1 were at $57.75 per barrel at 0733 GMT, up 58 cents from the previous close, after trading as high as $58.13. U.S. WTI crude was at $51.95 per barrel, up 50 cents. Earlier in the day, it traded as high as $52.22.