Upstream
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2018, July, 2, 11:40:00
U.S. RIGS DOWN 5 TO 1,047
BAKER HUGHES A GE - U.S. Rig Count is down 5 rigs from last week to 1,047, with oil rigs down 4 to 858, gas rigs down 1 to 187 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 12 rigs from last week to 172, with oil rigs up 14 to 117 and gas rigs down 2 to 55.
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2018, June, 29, 10:50:00
OIL OUTPUT WILL UP
PLATTS - "I think you're going to see a settling-down of the market -- people feeling comfortable that Saudi Arabia, Russia and the United States, we've got substantial production," Perry said, while acknowledging pipeline constraints in Texas that are holding back Permian Basin oil exports.
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2018, June, 29, 10:45:00
U.S. - IRAN SANCTIONS FOREWER
WSJ - Iran exports more than 2 million barrels a day of oil. President Donald Trump in May withdrew from a nuclear deal with Iran and reimposed sanctions that seek to force companies not to buy any Iranian oil.
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2018, June, 29, 10:35:00
MOZAMBIQUE'S LNG DEVELOPMENT
FT - Anadarko has estimated the reserves in its Area 1 acreage off the coast of Mozambique at about 75tn cubic feet, implying a resource life of about 120 years at the initial production rate of 12.88m tonnes of LNG per year, but the consortium intends to expand the plant every five years to add more capacity.
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2018, June, 29, 10:00:00
NOV - ARAMCO COOPERATION
NOV - National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services.
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2018, June, 27, 10:30:00
CHEVRON'S INVESTMENT FOR INDONESIA
REUTERS - Indonesia’s deputy energy minister said on Tuesday Chevron Corp intended to cut planned investment in the Indonesia deepwater development (IDD) gas project to around $6 billion from $12.8 billion.
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2018, June, 25, 12:25:00
IRAN EXECUTES AGREEMENT
SHANA - The Iranian official, following the 174th ordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) said: As I said on the minute of my arrival in Vienna, we needed to fully comply with the output reduction agreement of the organization and nothing more.”
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2018, June, 25, 12:20:00
U.S. OIL UP TO 10.9 MBD
WSJ - U.S. production has grown at a record-setting pace this year, hitting 10.9 million barrels a day this month after oil prices exceeded $70 a barrel for the first time since 2014. That makes the U.S. the world’s No. 2 oil producer behind Russia, but ahead of Saudi Arabia.
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2018, June, 25, 12:15:00
VENEZUELA CAN UP BY 1 MBD
REUTERS - Venezuela has the ability to boost crude output by 1 million barrels per day (bpd) by end of the year in its bid to recover lost production, but the oil minister also said on Friday this goal would be “a challenge” for state oil firm PDVSA.
![OPEC Ministers React to Trump's Tweet at OPEC in Vienna](https://img.youtube.com/vi/KA2JSCbB6JE/0.jpg)
2018, June, 25, 12:09:00
OPEC Ministers React to Trump's Tweet at OPEC in Vienna
OPEC Ministers React to Trump's Tweet at OPEC in Vienna
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2018, June, 25, 12:01:00
U.S. RIGS DOWN 7 TO 1,052
BAKER HUGHES A GE - U.S. Rig Count is down 7 rigs from last week to 1,052, with oil rigs down 1 to 862, gas rigs down 6 to 188 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 21 rigs from last week to 160, with oil rigs up 16 to 103 and gas rigs up 5 to 57.
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2018, June, 22, 13:25:00
RUSSIA - SAUDIS SUPER OPEC
BLOOMBERG - Russian Oil Minister Alexander Novak said in a speech yesterday that “we need to build upon our successful cooperation model and institutionalize its success through a broader and more permanent strategically focused framework.” His Saudi counterpart Khalid Al-Falih echoed those comments.
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2018, June, 22, 13:20:00
GLOBAL OIL RESERVES UP BY 8.2BLN BBL
U.S. EIA - Collectively, these companies added a net 8.2 billion barrels of oil equivalent (BOE) to their proved reserves during 2017, which totaled 277 billion BOE at the end of the year. Exploration and development (E&D) spending in 2017 increased 11% from 2016 levels, but remained 47% lower than 2013 levels.
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2018, June, 22, 13:10:00
THE LARGEST VENEZUELA'S OIL
U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.
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2018, June, 20, 13:10:00
OPEC DISCUSSES 600,000
BLOOMBERG - OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months,