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Upstream

Upstream
2016, October, 7, 18:30:00

EXXON FINED $75 BLN

The court judgment released on Wednesday found that the companies owed nearly 484 billion CFA francs in royalties to the Chadian government. It did not explain why the penalties amounted to more than 90 times that amount.

Upstream
2016, October, 6, 18:55:00

SAUDI'S DIFFICULT DECICIONS

If Nigeria and Libya restore production, the kingdom may need to cut twice as much. U.S. shale drillers also stand ready to fill any supply gap.

Upstream
2016, October, 6, 18:45:00

ROSNEFT SOLD $2 BLN

The closed transaction is a symbolic one for the companies and marks the transition to a new level of cooperation in the Russian-Indian relations in the energy area. Indian companies obtain substantial interest in one of the biggest large-scale projects of Rosneft of the last decade, whereas Rosneft retains 61.1% shares in the project.

Upstream
2016, October, 6, 18:40:00

ROSNEFT & PERTAMINA AGREEMENT

Rosneft and Pertamina signed an Agreement envisaging the creation of a Joint Venture (JV) with the scope of implementing the project for the construction of the Tuban refining and petrochemical complex to be located in the eastern part of Java (Indonesia).

Upstream
2016, October, 5, 18:35:00

IRANIAN DEAL: $2.5 BLN

Paolo Scaroni, the former chief executive of Italy’s Eni SpA, said Iran is able to pump as much as 4.1 million to 4.2 million barrels daily.

Upstream
2016, October, 4, 18:40:00

IRAN WANTS 4 MBD

Managing director of National Iranian Oil Company (NIOC) Ali Kardor said Iran will not cease to achieve the targeted crude oil output of 4 million barrels per day.

Upstream
2016, October, 3, 18:30:00

U.S. RIGS UP 11

U.S. Rig Count is down 287 rigs from last year's count of 809, with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1. Canadian Rig Count is down 17 rigs from last year's count of 179, with oil rigs up 14, and gas rigs down 31.

Upstream
2016, September, 30, 18:45:00

СОХРАНЕНИЕ ОБЪЕМОВ ДОБЫЧИ

«Инструменты влияния на добычу могут быть разные, поэтому мы будем рассматривать окончательные предложения. Все будет зависеть и от макроэкономической ситуации и от планов компаний, но мы ориентируемся на сохранение объемов добычи на достигнутом уровне», – рассказал Александр Новак.

Upstream
2016, September, 30, 18:40:00

OIL DEMAND WILL RISE

Demand for land rigs will rise 29 percent next year to 579, the S&P Global Platts unit said in a report released at the Benposium East conference in New York on Wednesday. Platts RigData forecasts average West Texas Intermediate crude prices to climb 23 percent to $52.18 a barrel in 2017. The Henry Hub natural gas benchmark is seen increasing 26 percent to $3.05 per million British thermal units.

Upstream
2016, September, 30, 18:35:00

AN IMPORTANT ISRAELI GAS

Europe sees Israel and the region as an important supplier of gas to Europe

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