2016
![2016](/cache/2016/10/PRICE-338.00ba5f6d.jpg)
2016, November, 2, 18:45:00
SHELL & BP PRICES: $50
The UK-listed oil majors both said they were planning for prices per barrel in the low $50s in 2017 — only a little above current levels — in a sign of the industry adapting to “lower-for-longer” market conditions.
![2016](/cache/2016/10/USA-388.b3b60146.jpg)
2016, November, 2, 18:40:00
U.S. OIL WILL DOWN 800 TBD
Output in the U.S. will fall 800,000 barrels a day this year, Adam Sieminski, administrator for the EIA, said in an interview in Riyadh. That would be the first drop since 2008, data compiled by Bloomberg show. OPEC’s attempts to carry out an agreement on limiting production are still “very much up in the air,” he said.
![2016](/cache/2016/10/QATAR-13.85a66d9e.jpg)
2016, November, 2, 18:35:00
QATAR & EXXON PROJECT
Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.
![2016](/cache/2016/10/TRANSCANADA-9.4aeff203.jpg)
2016, November, 2, 18:30:00
TRANSCANADA NET INCOME DOWN 48%
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced a net loss attributable to common shares for third quarter 2016 of $135 million or $0.17 per share compared to net income of $402 million or $0.57 per share for the same period in 2015. Third quarter 2016 results included a $656 million after-tax goodwill impairment charge related to our U.S. Northeast Power business. Excluding the net loss on the goodwill impairment and certain other specific items, comparable earnings for third quarter 2016 were $622 million or $0.78 per share compared to $440 million or $0.62 per share for the same period in 2015. TransCanada's Board of Directors also declared a quarterly dividend of $0.565 per common share for the quarter ending December 31, 2016, equivalent to $2.26 per common share on an annualized basis.
![2016](/cache/2016/10/CHINA-83.ef3d0176.jpg)
2016, November, 1, 19:00:00
CHINA'S GASOIL RECORD
September gasoil exports surged to a record high of 1.6 million mt, or 398,197 b/d, surpassing the previous high of 1.53 million mt, or 368,840 b/d, in July, according to data from the General Administration of Customs.
On a daily average basis in barrels, exports in September were 44.4% higher year on year and up 55.4% month on month.
![2016](/cache/2016/10/NABORS-7.7ae2d3eb.jpg)
2016, November, 1, 18:55:00
SAUDI & NABORS AGREEMENT
Nabors Industries Ltd. reported the signing of an agreement to form a joint venture in Saudi Arabia to own, manage, and operate onshore drilling rigs. The JV, which will be equally owned by Saudi Aramco and Nabors, is expected to be formed and commence operations in second-quarter 2017.
![2016](/cache/2016/10/ROSNEFT-51.6548f382.jpg)
2016, November, 1, 18:50:00
РОСНЕФТЬ & BP: ЕРМАК НЕФТЕГАЗ
ПАО «НК «Роснефть» и BP объявили о закрытии сделки по созданию нового совместного предприятия – Общества с ограниченной ответственностью «Ермак Нефтегаз», которое будет вести геологоразведочные работы в Западной Сибири и бассейне Енисей-Хатанга в Российской Федерации.
![2016](/cache/2016/10/EXXON-27.f6ebfc6f.jpg)
2016, November, 1, 18:45:00
EXXON NET INCOME $6.16 BLN
Exxon Mobil Corporation announced estimated third quarter 2016 earnings of $2.7 billion, or $0.63 per diluted share, compared with $4.2 billion a year earlier. Results reflect lower refining margins and commodity prices.
![2016](/cache/2016/10/Shell-35.1ccaa8da.jpg)
2016, November, 1, 18:40:00
SHELL INCOME $3 BLN
Royal Dutch Shell’s third quarter 2016 CCS earnings attributable to shareholders were $1.4 billion compared with a loss of $6.1 billion for the same quarter a year ago.
![2016](/cache/2016/10/CHEVRON-16.e746ca03.png)
2016, November, 1, 18:35:00
CHEVRON NET LOSS $912 MLN
Chevron Corporation (NYSE: CVX) reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share – diluted) in the third quarter of 2015. Foreign currency effects increased earnings in the 2016 third quarter by $72 million, compared with an increase of $394 million a year earlier. Sales and other operating revenues in third quarter 2016 were $29 billion, compared to $33 billion in the year-ago period.