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Upstream

Upstream
2018, July, 4, 12:20:00

SAUDI ARABIA & RUSSIA: +1 MBD

BLOOMBERG - Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day.

Upstream
2018, July, 2, 12:20:00

РОССИЯ МОЖЕТ ДОБАВИТЬ 200 000

ПРАЙМ - Россия готова нарастить свою добычу нефти более чем на 200 тысяч баррелей в сутки, если это будет нужно для достижения общей цели ОПЕК+ по увеличению добычи в 1 миллион баррелей, сообщил журналистам министр энергетики РФ Александр Новак.

Upstream
2018, July, 2, 12:15:00

KUWAIT'S OIL UP

REUTERS - Kuwait will raise oil output by 85,000 barrels per day (bpd)starting on Sunday, part of an agreement between OPEC and non-OPEC producers to increase production by one million bpd, Energy Minister Bakhit al-Rashidi told a local newspaper on Saturday.

Upstream
2018, July, 2, 12:10:00

LIBYA'S OIL DOWN

REUTERS - Libya’s oil production has been reduced to 315,000 barrels per day (bpd) as storage tanks at Hariga and Zueitina ports fill up due to eastern officials blocking exports, two Libyan oil sources said

Upstream
2018, July, 2, 11:45:00

JAPANESE - CHINESE GAS DISPUTE

REUTERS - Japan has protested to China for allowing a gas drilling vessel to operate in disputed waters in the East China Sea, the government said

Upstream
2018, July, 2, 11:40:00

U.S. RIGS DOWN 5 TO 1,047

BAKER HUGHES A GE - U.S. Rig Count is down 5 rigs from last week to 1,047, with oil rigs down 4 to 858, gas rigs down 1 to 187 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 12 rigs from last week to 172, with oil rigs up 14 to 117 and gas rigs down 2 to 55.

Upstream
2018, June, 29, 10:50:00

OIL OUTPUT WILL UP

PLATTS - "I think you're going to see a settling-down of the market -- people feeling comfortable that Saudi Arabia, Russia and the United States, we've got substantial production," Perry said, while acknowledging pipeline constraints in Texas that are holding back Permian Basin oil exports.

Upstream
2018, June, 29, 10:45:00

U.S. - IRAN SANCTIONS FOREWER

WSJ - Iran exports more than 2 million barrels a day of oil. President Donald Trump in May withdrew from a nuclear deal with Iran and reimposed sanctions that seek to force companies not to buy any Iranian oil.

Upstream
2018, June, 29, 10:35:00

MOZAMBIQUE'S LNG DEVELOPMENT

FT - Anadarko has estimated the reserves in its Area 1 acreage off the coast of Mozambique at about 75tn cubic feet, implying a resource life of about 120 years at the initial production rate of 12.88m tonnes of LNG per year, but the consortium intends to expand the plant every five years to add more capacity.

Upstream
2018, June, 29, 10:00:00

NOV - ARAMCO COOPERATION

NOV - National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services.

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