News
2017, December, 20, 19:20:00
BP: ZOHR HAS STARTED
BP - BP confirmed that production has started from the super-giant Zohr gas field, offshore Egypt. The field is operated by Eni, through its joint venture with The Egyptian General Petroleum Corporation (EGPC), and is the largest natural gas discovery yet to be made in the Mediterranean Sea.
2017, December, 20, 19:15:00
NORWAY'S PRODUCTION DOWN 102 TBD
NPD - Preliminary production figures for November 2017 show an average daily production of 1 813 000 barrels of oil, NGL and condensate, which is a decrease of 102 000 barrels per day compared to October.
2017, December, 20, 19:10:00
NORWAY'S FENJA INVESTMENT NOK 10 BLN
NPD - On Tuesday, the licensees, led by operator VNG, submitted a Plan for Development and Operation (PDO) for Fenja in the Norwegian Sea. Investments are expected to total approx. NOK 10 billion.
2017, December, 20, 19:05:00
REPSOL'S INVESTMENT NOK 8 BLN
NPD - On Tuesday, operator Repsol submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.
2017, December, 20, 19:00:00
U.S. OIL + 94 TBD, GAS + 764 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 94,000 b/d month-over-month in January to 6,408 million b/d, gas production to increase 764 million cubic feet/day to 63,030 million cubic feet/day .
2017, December, 18, 12:50:00
OIL PRICE: BELOW $64 YET
REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $63.72 a barrel at 0821 GMT, up 49 cents, or 0.8 percent, from their last close.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $63.72 a barrel at 0821 GMT, up 49 cents, or 0.8 percent, from their last close.
2017, December, 18, 12:45:00
ЦЕНА URALS: $62,53932
МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 ноября по 14 декабря 2017 года составила $62,53932 за баррель, или $456,5 за тонну.
2017, December, 18, 12:40:00
OPTIMISTIC OIL PRICES
BLOOMBERG - OPEC’s Secretary General Mohammad Barkindo said the producer group is close to its goal of rebalancing markets and the International Energy Agency said oil inventories in developed nations have slid to the lowest since July 2015. OPEC upped the implementation of promised cuts in November to 115 percent, the highest rate since the agreement began, according to the IEA.
2017, December, 18, 12:35:00
INEVITABLE OIL CHANGES
OPEC -
Sustainable oil market stability is crucial to attract the level of investment necessary for future demand growth;
In the longer term, oil will remain a vital and integral part of the energy mix;
Global energy and oil demand will grow in the long term;
2017, December, 18, 12:30:00
S.KOREAN LNG
PLATTS - South Korea aims to boost the portion of LNG in its electricity generation mix to 18.8% in 2030 from an estimated 16.9% this year as part of efforts to reduce its heavy reliance on coal and nuclear, the energy ministry said.
2017, December, 18, 12:25:00
U.S. INDUSTRIAL PRODUCTION UP 0.2%
FRB - Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October.
2017, December, 18, 12:20:00
AUSTRALIA STOPS COAL
PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
2017, December, 18, 12:15:00
EXXON - PETROBRAS ALLIANCE
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
2017, December, 18, 12:10:00
EXXON BOUGHT MOZAMBIQUE
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
2017, December, 18, 12:05:00
U.S. RIGS DOWN 1 TO 930
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged.
Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.