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Upstream

Upstream
2016, April, 12, 20:25:00

U.S. OIL DOWN 114,000

Crude oil production in May from the seven major US shale regions is expected to fall 114,000 b/d month-over-month to 4.84 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).

Upstream
2016, April, 12, 20:15:00

U.S. SHALE PRESSURE

The squeeze puts further pressure on the shale industry to sell assets, cut jobs and drilling and shrink capital spending. It also raises the risk that more companies will tip into bankruptcy.

Upstream
2016, April, 12, 20:00:00

INDONESIA OIL UP 835,000

Crude output from Cepu more than tripled throughout 2015 from around 40,000 bpd in 2014, hitting around 130,000 bpd in December when Exxon commenced operation of the project's central processing facility.

Upstream
2016, April, 10, 13:45:00

U.S. RIGS DOWN 7

U.S. Rig Count is down 7 rigs from last week to 443, with oil rigs down 8 to 354, and gas rigs up 1 to 89. Canadian Rig Count is down 8 rigs from last week to 41, with oil rigs down 3 to 8, and gas rigs down 5 to 33.

Upstream
2016, April, 8, 21:15:00

POORLY CONCEIVED U.S.

Poorly conceived policies could restrict development of abundant domestic natural gas resources and deny the US energy security, economic, and geopolitical opportunities.

Upstream
2016, April, 5, 18:25:00

MEXICO'S RESERVES DOWN 21%

Mexico's proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said on Thursday, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices.

Upstream
2016, April, 5, 18:05:00

KCA DEUTAG SOLD

Leading global drilling and engineering contractor, KCA Deutag, today announces that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum.

Upstream
2016, April, 3, 16:20:00

IRANIAN GAS UP BY 15%

According to documents prepared by the oil ministry and obtained by NGE in mid-March, South Pars produces a little less than half of Iran's total raw gas, meaning Iran's total raw gas production was above 260bn m3 in the last fiscal year.

Upstream
2016, April, 3, 16:10:00

KUWAIT & SAUDI AGREE

Production at Khafji was halted in October 2014 because of environmental concerns. The 300,000-b/d field lies in the Saudi-Kuwaiti neutral zone. Kuwait Gulf Oil Co. and Saudi Aramco Gulf Operations Co. jointly operate it. Neither company commented on restart reports.

Upstream
2016, April, 3, 15:45:00

U.S. RIGS DOWN 14

U.S. Rig Count is down 14 rigs from last week to 450, with oil rigs down 10 to 362, and gas rigs down 4 to 88. Canadian Rig Count is down 6 rigs from last week to 49, with oil rigs unchanged at 11, and gas rigs down 6 to 38.

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