U.S. RIGS DOWN 8 TO 936
U.S. Rig Count is down 8 rigs from last week to 936, with oil rigs down 7 to 749, gas rigs down 1 to 186, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 430 rigs from last year's count of 506, with oil rigs up 333, gas rigs up 97, and miscellaneous rigs unchanged at 1.
The U.S. Offshore Rig Count is up 1 rig from last week to 17 and down 3 rigs year-over-year.
Canada Rig Count is up 10 rigs from last week to 212, with oil rigs up 10 to 112 and gas rigs unchanged at 100.
Canada Rig Count is up 80 rigs from last year's count of 132, with oil rigs up 37, gas rigs up 44, and miscellaneous rigs down 1.
|United States Total||936||-8||944||430||506|
|Gulf Of Mexico||17||1||16||-3||20|
|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|
... OUNT UP 6 TO 2,116 The worldwide rig count for August 2017 was 2,116, up 6 from the 2,110 counted in July 2017, and up 569 from the 1,547 counted in August 2016. The worldwide rig count for August 2017 was 2,116, up 6 from the 2,110 counted in July 2 ...
... DRILLING UP The Petroleum Services Association of Canada (PSAC) has updated its 2017 Canadian Drilling Activity Forecast to reflect an increase in its projected total number of wells to be drilled during the year to 7,200 from 6,680. The Petroleum Se ...
U.S. RIGS UP 1 TO 944 U.S. RIGS UP 1 TO 944 U.S. Rig Count is up 436 rigs from last years count of 508, with oil rigs up 342, gas rigs up 95, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 68 rigs from last years count of 134, with oil ri ...
SHELL DIVESTS CANADA $8.2 BLN SHELL DIVESTS CANADA $8.2 BLN Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited (“Canadian Natural”) its entire 60% interest in AOSP, its 100% interest in the P ...
... gy infrastructure and benefit consumers. As an industry that invests billions in the U.S. economy each year, pro-growth policies would allow us to accelerate these economic investments while keeping energy affordable. Private investment in our nation ...
... UP TO 6,680 The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wel ...
U.S. - RUSSIA BLOCK IN VENEZUELA U.S. - RUSSIA BLOCK IN VENEZUELA The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela, senior American officials say, ...
CANADAS OIL WILL UP CANADAS OIL WILL UP Canadas oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects Canadas oil sands producti ...
U.S. RIGS UP 3 TO 943 U.S. RIGS UP 3 TO 943 U.S. Rig Count is up 446 rigs from last years count of 497, with oil rigs up 352, gas rigs up 95, and miscellaneous rigs down 1 to 2. Canada Rig Count is up 64 rigs from last years count of 137, with oil ri ...
CANADAS HOPE PRICE: $2 BLN CANADAS HOPE PRICE: $2 BLN Since January, nearly $2 billion has been raised by Canadian non-oilsands producers on equity markets, but most of it has been geared to paying down debt or funding acquisitions, not for drilling ...
U.S. RIGS DOWN 6 TO 940 U.S. RIGS DOWN 6 TO 940 U.S. Rig Count is up 451 rigs from last years count of 489, with oil rigs up 353, gas rigs up 99, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 71 rigs from last years count of 146, with oi ...
CANADAS GAS PRODUCTION WILL UP CANADAS GAS PRODUCTION WILL UP Canadas National Energy Board (NEB) projects that both Canadas natural gas production and its domestic natural gas consumption will increase through the next decade. Exports of natural gas ...
... ES DOWN 3.3 MBD U.S. OIL INVENTORIES DOWN 3.3 MBD US commercial crude oil inventories declined 3.3 million bbl during the week ended Aug. 18 compared with the previous week’s total, continuing a months-long downward trend. US commercial crude oil inv ...
CANADA INVESTMENT DOWN 62% CANADA INVESTMENT DOWN 62% Total capital investment in the oil and natural gas sector is forecast to decline to $31 billion in 2016, down from a record $81 billion in 2014. Total capital investment in the oil and natural ga ...
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REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.
BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.
Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.