Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 barrels per day. As the company’s first TLP in the country, Malikai is an example of the strength of Shell’s global deep-water business, applying TLP expertise from decades of operations in the U.S. Gulf of Mexico.

December 2016 U.S. oil production will down 20 tbd, gas production will down 94 mcfd.

Состоялось подписание соглашения об ограничении добычи нефти между странами ОПЕК и 11 странами, не входящими в картель. Сопредседатель встречи, Министр энергетики Российской Федерации Александр Новак, выступая на итоговой пресс-конференции заявил, что общемировое сокращение добычи нефти странами ОПЕК и не входящими в картель достигнет 1,7-1,8 млн баррелей в сутки. При этом, согласно подписанному соглашению, страны, не входящие в ОПЕК берут ответственность по сокращению добычи нефти порядка 560 тыс. барр в сутки.

U.S. Rig Count is down 85 rigs from last year's count of 709, with oil rigs down 26, gas rigs down 60, and miscellaneous rigs up 1. Canadian Rig Count is up 56 rigs from last year's count of 174, with oil rigs up 44, gas rigs up 11, and miscellaneous rigs up 1.

OPEC crude oil production for November rose for the sixth straight month, to a record 33.86 million b/d.

Iraq’s Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd.

The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.

Indonesian companies are interested to join upstream projects in Iran's oil industry in fields like Ab Teymour and Mansouri oilfields, said Chairman of the People's Consultative Assembly (MPR) of Indonesia Zulkifli Hasan.

The auction of the deepwater blocks, four in the Perdido Fold belt near the US side of the Gulf and six in the unexplored Salina basin further south, marked the culmination of the first round of auctions since Mexico enacted a sweeping reform to open a sector closed to private exploration and production for nearly 80 years.

Особое внимание было уделено взаимодействию в отраслях ТЭК, в частности, в области разведки и добычи нефти и газа на территории Росссийской Федерации, поставок российских энергоресурсов, гидроэнергетики и ВИЭ.

U.S. Rig Count is down 140 rigs from last year's count of 737, with oil rigs down 68, gas rigs down 73, and miscellaneous rigs up 1. Canadian Rig Count is up 23 rigs from last year's count of 177, with oil rigs up 23, gas rigs down 2, and miscellaneous rigs up 2.

Shares in US oil companies soared on Wednesday as Opec ministers meeting in Vienna agreed a plan to cut output by 1.2m barrels per day. “The biggest beneficiaries from this Opec move are the US shale players,” said Mike Kelly, head of exploration and production company research at Seaport Global Securities.

OPEC in its 171st ordinary meeting on Wednesday, November 30, agreed to Iran's share of 3.9 million barrels per day in its total output.

The government of Iraq is hoping that a new OPEC deal will help the war-weary country generate enough revenue to help pay for its costly, 2-year-old fight against the Islamic State group. Iraq, whose oil revenues make up nearly 95 percent of its budget, has been reeling under an economic crisis since late 2014, when oil prices began their descent from a high of above $100 a barrel.

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week's OPEC-Russia accord on cutting output giving way to questions on the "sticking point" of implementing the deal.