Upstream
![Upstream](/cache/07-19/RIG-118.dd711b50.jpg)
2019, July, 30, 10:40:00
U.S. RIGS DOWN 8 TO 946
U.S. Rig Count is down 8 rigs from last week to 946, with oil rigs down 3 to 776, gas rigs down 5 to 169, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 9 rigs from last week to 127, with oil rigs up 2 to 85 and gas rigs up 7 to 42.
![Upstream](/cache/07-19/ADNOC-25.fd44428d.jpg)
2019, July, 25, 20:10:00
ADNOC, CNOOC AGREEMENT
ADNOC and CNOOC signed an agreement to collaborate in the upstream and downstream oil and gas sector
![Upstream](/cache/07-19/NOVATEK-42.713c71e4.jpg)
2019, July, 25, 19:50:00
NOVATEK'S PROFIT UP BY SIX-FOLD
Profit attributable to shareholders of PAO NOVATEK increased to RR 69.2 billion (RR 22.97 per share), or by 115.9%, in the second quarter of 2019 and to RR 451.0 billion (RR 149.73 per share), or six-fold, in the first half of 2019 as compared to the corresponding periods in 2018.
![Upstream](/cache/07-19/NOVATEK-44.ff075cd9.jpg)
2019, July, 25, 19:45:00
NOVATEK CLOSES TRANSACTION
NOVATEK announced the closing of the sale of participation interests in Arctic LNG 2 Project
![Upstream](/cache/07-19/RUSSIA-394.3bcd8367.jpg)
2019, July, 20, 13:20:00
RUSSIA, SAUDI ARABIA ENERGY PROJECTS
Russian and Saudi Arabian companies are considering expanding existing energy cooperation to include new joint oil and gas, petchems and nuclear projects,
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2019, July, 20, 13:10:00
IRAN'S NUCLEAR LIMITS
European signatories to the Iran nuclear deal do not see Tehran's recent moves reducing compliance as significant and do not intend "for now" to trigger the agreement's dispute mechanism
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2019, July, 20, 13:05:00
U.S. PRODUCTION: OIL + 49 TBD, GAS + 745 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 49,000 b/d month-over-month in July from 8,497 to 8,546 thousand barrels/day, gas production to increase 745 million cubic feet/day from 81,213 to 81,958 million cubic feet/day .
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2019, July, 20, 12:55:00
U.S. OIL SERVICE DOWN
the U.S. the number of yet-to-be-fracked wells hit 8,289 in May, up 22% in a year, according to the U.S. Energy Information Administration.
![Upstream](/cache/07-19/NORWAY-238.cf34b2c8.jpg)
2019, July, 20, 12:35:00
NORWAY'S PRODUCTION 1.4 MBD
Preliminary production figures for June 2019 show an average daily production of 1 409 000 barrels of oil, NGL and condensate, which is a decrease of 184 000 barrels per day compared to May.
![Upstream](/cache/07-19/ARGENTINA-21.728d5c5e.jpg)
2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
U.S. EIA - Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018.
![Upstream](/cache/07-19/AUSTRALIA-57.5c0573a0.jpg)
2019, July, 20, 12:10:00
AUSTRALIA'S SANTOS PRODUCTION UP 32%
First half production of 37 mmboe was a record for Santos and 32% above the corresponding period.
![Upstream](/cache/07-19/rig-117.13faf180.jpg)
2019, July, 20, 11:35:00
U.S. RIGS DOWN 4 TO 954
U.S. Rig Count is down 4 rigs from last week to 954, with oil rigs down 5 to 779, gas rigs up 2 to 174, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 1 rig from last week to 118, with oil rigs down 2 to 83 and gas rigs up 3 to 35.
![Upstream](/cache/07-19/RIG-116.d6a4275e.jpg)
2019, July, 15, 12:00:00
U.S. RIGS DOWN 5 TO 958
U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2. U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2.
![Upstream](/cache/07-19/opec-118.4b58a366.jpg)
2019, July, 12, 08:10:00
GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.
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2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.