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2015, November, 23, 19:40:00
GAZPROM NEFT DOWN 6.2%
Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was driven by the global drop in oil prices. Net income attributable to the shareholders of Gazprom Neft fell by 6.2% Y-o-Y to RUB 130.9 bln. The negative impact of foreign exchange rate differences in loan revaluations held back net income growth.
2015, November, 23, 19:35:00
U.S. RIGS DOWN 10
U.S. Rig Count is down 10 rigs from last week to 757, with oil rigs down 10 to 564, and gas rigs unchanged at 193.
2015, November, 23, 19:30:00
U.S. OIL DOWN 0.3%
Total petroleum deliveries (a measure of demand) fell slightly in October by 0.3 percent from year ago levels, according to API’s Monthly Statistical Report for October 2015. Production of all four major products–gasoline, distillate, jet fuel and residual fuels was higher than deliveries for those products, so refined products were exported.
2015, November, 20, 20:00:00
CHINA WANTS LNG
For China, the opportunity to re-negotiate existing liquefied natural gas (LNG) supply contracts with Shell, which combined with BG would supply around 30 percent of its imports by 2017, comes at an ideal time because the world's top energy consumer faces a large surfeit over the next five years.
2015, November, 20, 19:55:00
SAUDI WANTS MONEY: $700 BLN
Speaking at an energy conference in Bahrain on Thursday, Ali al-Naimi, said oil companies “need to increase investments in order to guarantee stability of market for the long and short term”.
2015, November, 20, 19:50:00
AFRICA IS CLOSED
“Capital markets are effectively closed to the oil and gas industry” in Africa, Tony Hayward, former head of BP Plc and now chairman of Genel Energy Plc, said at a conference in Cape Town last month. “A decade of exploration, with billions of dollars invested and only limited commercial success.”
2015, November, 20, 19:45:00
OPEC THREATENS U.S.
Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of U.S. rivals, a Bloomberg Intelligence analysis shows. While output keeps rising in the Permian Basin, the largest U.S. shale play, companies are slowing output from wells in Alberta and have shelved 18 oil- sands projects during the downturn, according to ARC Financial Corp.
2015, November, 20, 19:40:00
CANADA: WORST PERIOD
CAODC announces its 2016 Drilling Forecast
• Projected 2016 wells drilled: 4,728—a decrease of 58% from 2014 (11,226)
• Projected operating days: 56,260—a decrease of 57% from 2014 (131,021)
• Rig fleet expected to contract by 62 (758 drilling rigs to 696 drilling rigs)
• 57% decrease in employment from 2014 levels (-28,485 jobs)
2015, November, 20, 19:35:00
AUSTRALIAN LNG UP
Australia is significantly adding to global liquefied natural gas (LNG) supply capacity. Two new facilities started LNG exports within the last 12 months, and 5 more projects are under construction, scheduled to come online by 2018. With this growth, Australia is expected to overtake Qatar and Malaysia to become the world's largest LNG exporter, with 11.4 billion cubic feet per day (Bcf/d) of liquefaction capacity by 2019.
2015, November, 20, 19:30:00
RUSSIAN ACQUISITION
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce the acquisition of the entire issued share capital of two private Russian companies, RK-Oil Limited (“RK”) and BVN Oil Limited (“BVN”), from Mr Ilya Glebov. These companies were formed in 2014 in order to participate in public auctions for oil exploration and production licenses in Russia’s Komi region. Following these auctions both RK and BVN hold licenses in the Komi region.