Upstream
2016, November, 21, 18:40:00
U.S. OIL DEMAND UP
Domestic crude oil production in October was higher compared to the prior month, but was lower than the prior year, and the prior year to date. At an average of 8.6 million barrels per day, U.S. crude oil production in October decreased 8.0 percent from October 2015, but increased from September by 0.2 percent. October’s crude oil production was the third highest since 1985 and the second highest year to date in 31 years, since 1985.
2016, November, 21, 18:35:00
U.S. ENERGY SECURITY
Our national energy security depends on our ability to produce oil and natural gas here in the U.S., and this decision could very well increase the cost of energy for American consumers and close the door on creating new jobs and new investments for years. We are hopeful the incoming administration will reverse this decision – consistent with the will of American voters.
2016, November, 21, 18:30:00
U.S. RIGS UP 20
U.S. Rig Count is down 169 rigs from last year's count of 757, with oil rigs down 93, gas rigs down 77, and miscellaneous rigs up 1.
Canadian Rig Count is up 18 rigs from last year's count of 166, with oil rigs up 33 and gas rigs down 15.
2016, November, 18, 18:40:00
RUSSIA'S STABLE OUTLOOK
Russia's oil and gas companies will continue to benefit from the weak rouble while avoiding a major tax hike in 2017, according to a new special report by Fitch Ratings.
2016, November, 18, 18:35:00
VENEZUELA & CHINA: $50 BLN
Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.
2016, November, 18, 18:30:00
NIGERIA'S OIL SETTLEMENT: $5.1 BLN
Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.
2016, November, 17, 18:40:00
JAPAN NEEDS MORE OIL
Japan sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.
2016, November, 16, 18:40:00
РОССИЯ - ЯПОНИЯ: СУЩЕСТВЕННЫЙ ПОТЕНЦИАЛ
«Мы видим существенный потенциал для наращивания двухстороннего взаимодействия в области добычи и переработки нефти и газа, а также в сфере производства и экспорта СПГ», – отметил Алексей Текслер.
2016, November, 16, 18:30:00
EXXON VS CHAD: $74 BLN
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
2016, November, 15, 18:45:00
U.S. OIL&GAS PRODUCTION DOWN
U.S. oil production down 20 tbd, gas production down 94 mcfd.
2016, November, 15, 18:35:00
NIGERIAN OIL WILL UP TO 3 MBD
Nigeria aims to increase its crude oil output to 2.8 million b/d by 2019 and to 3 million b/d by 2020 from the current average of 2 million b/d, according to a short term policy document produced by the country's oil ministry.
2016, November, 14, 18:50:00
OPEC OIL PRODUCTION 33.64 MBD
The Organization of Petroleum Exporting Countries increased its crude oil output by 240,000 b/d during October to average 33.64 million b/d.
2016, November, 14, 18:45:00
A LITTLE HOPE PRICE
The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
2016, November, 14, 18:35:00
CONOCO PLANS $50
ConocoPhillips plans conservative financial and operating programs in 2017, planning for a longer-than-expected $50/b oil world by reducing its capital budget 4%, growing production up to 2% and forging technologies to squeeze out the last smidgen of resource from existing assets.
2016, November, 14, 18:30:00
U.S. RIGS DOWN 1
U.S. Rig Count is down 199 rigs from last year's count of 767, with oil rigs down 122, gas rigs down 78, and miscellaneous rigs up 1.
Canadian Rig Count is unchanged from last year's count of 176, with oil rigs up 21 and gas rigs down 21.