U.S. RIGS DOWN 3
U.S. Rig Count is down 3 rigs from last week to 440, with oil rigs down 3 to 351, and gas rigs remain unchanged at 89.
U.S. Rig Count is down 514 rigs from last year at 954, with oil rigs down 383, gas rigs down 128, and miscellaneous rigs down 3.
The U.S. Offshore rig count is 28, up 3 from last week, and down 5 rigs year over year.
Canadian Rig Count is down 1 rig from last week to 40, with oil rigs up 2 to 10, and gas rigs down 3 to 30.
Canadian Rig Count is down 40 rigs from last year at 80, with oil rigs down 10, and gas rigs down 30.
|United States Total||440||-3||443||-514||954|
|Gulf Of Mexico||27||3||24||-5||32|
|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.