All publications by tag «OIL»
2015, July, 15, 19:25:00
ROSNEFT & STATOIL PARTNERSHIP
Russia’s Rosneft and Norway’s Statoil completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field in Purovsky and Nadymsky regions of Yamalo-Nenets Autonomous District.
2015, July, 13, 19:30:00
US DEBT: THE GREATEST
“It’s a serious problem not just for the United States but for the whole world economy. Debt exceeds gross domestic product there.”
2015, July, 13, 19:25:00
OPEC OIL UP 170 000
OPEC pumped 31.28 million barrels per day in June, the fourth straight month since February that the group has added production.
2015, July, 13, 19:20:00
OPEC: LOWER DEMAND
The Organization of the Petroleum Exporting Countries said Monday it revised down the demand for its crude this year, to a level far below its current output, despite higher estimates for global consumption.
2015, July, 13, 19:15:00
OIL CAN DOWN
Massive oversupply is likely to push oil prices down even further, the International Energy Agency (IEA) said on Friday, adding that the rebalancing of the market was likely to last well into 2016.
2015, July, 13, 19:10:00
US RIGS UP 1
U.S. Rig Count is up 1 rig from last week to 863, with oil rigs up 5 to 645, gas rigs down 2 to 217, and miscellaneous rigs down 2 to 1.
2015, July, 9, 19:20:00
SHELL NEEDS ARCTIC
Royal Dutch Shell PLC is days away from drilling in the Arctic Ocean—betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters.
2015, July, 9, 19:15:00
ROSNEFT & ESSAR SUPPLIES
Rosneft Chairman of the Management Board and Essar Group Founder Shashi Ruia signed a long-term contract for oil supplies for the purpose of refining at the Vadinar refinery (India).
2015, July, 9, 19:05:00
TECHNIP WILL REDUCE 6,000
Technip will reduce its global workforce by 6,000 employees and accelerate cost reduction and efficiency in “anticipation of an even more challenging environment in oil and gas.”
2015, July, 8, 19:30:00
SHORT-TERM OIL OUTLOOK
North Sea Brent crude oil prices averaged $61/barrel (b) in June, a $3/b decrease from May. Crude oil prices fell by about $4/b on July 6 in the aftermath of the "no" vote in Greece on the economic program, as well as lingering concerns about lower economic growth in China, higher oil exports from Iran, and continuing growth in global petroleum and other liquids inventories.