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2015, December, 3, 19:30:00
OPEC'S PROGNOSES
The mistaken prognoses highlight the challenges OPEC faces on Friday when the group’s ministers gather in Vienna for a potentially contentious meeting.
2015, December, 3, 19:25:00
VITOL & LIBYA DEAL
Libya, an Opec member, is producing a fraction of the 1.6m barrels a day it pumped before the downfall of Muammer Gaddafi four years ago. Its oil industry and infrastructure has been shattered by years of conflict that has divided the country.
2015, December, 3, 19:20:00
SCHLUMBERGER CUTS MORE JOBS
“The latest leg down in activity has led us to again evaluate our staffing levels against expected activity. Following which, we will further right-size the organization based on the activity outlook for 2016,” said Patrick Schorn, Schlumberger’s president of operations, at a speech on Tuesday in New York.
2015, December, 3, 19:15:00
OIL PRICES UP
Saudi Arabia, which has so far resisted any market intervention to prop up oil prices, will propose the Organization of the Petroleum Exporting Countries (OPEC) cut output by 1 million barrels per day (bpd) next year, Energy Intelligence reported.
2015, December, 1, 20:00:00
DEPRESSED OIL PRICES
Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets on Friday.
2015, December, 1, 19:55:00
U.S. CHALLENGING TIMES
“Relatively low gas prices, combined with low oil prices, have slowed drilling in the Marcellus (Shale) so production from new wells is only offsetting the decline in old wells,” said EIA lead upstream analyst Dana Van Wagener.
2015, December, 1, 19:50:00
U.S. OIL DOWN 259,000
U.S. oil production decreased on 259,000 barrels per day
2015, December, 1, 19:45:00
BULGARIA SUPPORTS RUSSIA
"I will defend the position for the construction of Nord Stream II and (a) gas hub in Bulgaria - it is advantageous for the country and nobody can reproach me for that," Borisov told reporters.
2015, December, 1, 19:40:00
LUKOIL PRODUCTION UP 3.9%
LUKOIL EBITDA REACHED $10.5 BILLION IN THE NINE MONTHS OF 2015, LIQUID HYDROCARBONS PRODUCTION INCREASED BY 3.9%. FREE CASH FLOW REACHED $2.0 BILLION
2015, November, 30, 20:00:00
$30 BLN FOR IRAN
“We are interested to come back to Iran when the sanctions are lifted and if the contracts are interesting,” Stephane Michel, Total’s head of exploration and production in the Middle East said at the conference. “We have worked in this country for a long time, so we know specific fields on which we’ve worked.”