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2018, May, 8, 10:30:00
WORLDWIDE RIG COUNT DOWN 92
BAKER HUGHES A GE - The worldwide rig count for April 2018 was 2,087, down 92 from the 2,179 counted in March 2018, and up 170 from the 1,917 counted in April 2017.
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2018, May, 7, 08:00:00
U.S. RIGS UP 11 TO 1,032
BAKER HUGHES A GE - U.S. Rig Count is up 11 rigs from last week to 1,032, with oil rigs up 9 to 834, gas rigs up 1 to 196, and miscellaneous rigs up 1 to 2. Canada Rig Count is up 1 rig from last week to 86, with oil rigs up 4 to 37 and gas rigs down 3 to 49.
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2018, May, 4, 15:35:00
RUSSIAN CONFORMITY THE DEAL
PLATTS - On Wednesday the Central Dispatching Unit said Russia produced 44.878 million mt of liquids in April. This is equivalent to around 10.965 million b/d, using Platts conversion rate of 7.33 barrels per metric ton. This indicates Russia's compliance was 94%, at 282,000 b/d below the October 2016 level of 11.247 million b/d.
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2018, May, 4, 15:25:00
CHINA'S OIL DEMAND UP 6.8%
PLATTS - China ended the first quarter of 2018 with robust apparent oil demand growth of 6.8% year on year, as stronger-than-expected GDP growth boosted consumption from the industrial and construction sectors and outweighed concerns over rising oil prices
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2018, May, 2, 13:15:00
U.S. GAS PRODUCTION UP 10%
EIA - In February 2018, for the ninth consecutive month, dry natural gas production increased year-to-year from the same month a year ago. The preliminary level for dry natural gas production in February 2018 was 2,203 billion cubic feet (Bcf), or 78.7 Bcf/day. This level was 7.1 Bcf/day (10.0%) higher than the February 2017 level of 71.5 Bcf/day. The average daily rate of dry natural gas production for February was the highest for the month since EIA began tracking monthly dry production in 1973.
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2018, May, 2, 13:10:00
VIETNAM OIL PRODUCTION DOWN 11.8%
PLATTS - Vietnam is estimated to have produced 1.01 million mt (246,777 b/d) of crude oil in April, down 11.8% from the same month last year, according to data released Sunday by the General Statistics Office.
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2018, April, 30, 09:31:00
SCHLUMBERGER - EURASIA DEAL
REUTERS - Schlumberger had initially planned to buy 51 percent in EDC, but decided to scale down its bid. The deal has faced difficulties as relations between Russia and the United States have deteriorated.
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2018, April, 30, 09:30:00
U.S. RIGS UP 8 TO 1,021
BAKER HUGHES A GE - U.S. Rig Count is up 8 rigs from last week to 1,021, with oil rigs up 5 to 825, gas rigs up 3 to 195, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 8 rigs from last week to 85, with oil rigs down 5 to 33 and gas rigs down 3 to 52.
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2018, April, 27, 10:45:00
BAHRAIN'S NEW OIL
AOG - Bahrain, recently announced that it had unearthed around 80 billion barrels of unconventional oil and up to 20 trillion cubic feet of tight gas off its west coast. The discovery could potentially transform the island state’s reserves which currently total well under 200 million barrels.
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2018, April, 27, 10:30:00
NOV VARCO NET LOSS $68 MLN
NOV - National Oilwell Varco, Inc. (NYSE: NOV) today reported a first quarter 2018 net loss of $68 million, or $0.18 per share. Revenues for the first quarter were $1.80 billion, a decrease of nine percent compared to the fourth quarter of 2017 and an increase of three percent from the first quarter of 2017. Operating loss for the first quarter of 2018 was $1 million, or 0.1 percent of sales, and Adjusted EBITDA (operating profit excluding depreciation, amortization, and other items) was $160 million, or 8.9 percent of sales. Other items were a net credit of $12 million, pre-tax, primarily from the reversal of certain accruals, partially offset by restructure charges and severance payments.
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2018, April, 25, 10:00:00
IRAN'S GAS PRODUCTION: 250 BCM
SHANA - A senior Iranian gas official said the country’s natural gas exports will cross 60 million cubic meter per day by the end of the current Iranian calendar to March 20 2019.
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2018, April, 25, 09:45:00
EGYPT NEED INVESTMENT $10 BLN
REUTERS - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said
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2018, April, 25, 09:30:00
HALLIBURTON NET INCOME $46 MLN
HALLIBURTON - Halliburton Company (NYSE:HAL) announced income from continuing operations of $46 million, or $0.05 per diluted share, for the first quarter of 2018.
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2018, April, 23, 14:40:00
U.S. OIL DEMAND UP TO 20.6 MBD
API - the American Petroleum Institute reported that U.S. petroleum demand reached 20.6 million barrels per day (MBD) last month, the highest level since 2007. To satisfy demand, domestic refineries utilized 91.5 percent of their capacity – a record for the month of March – and processed 17 MBD of oil and natural gas liquids (NGLs). The U.S. also produced a record 10.4 MBD of crude oil plus another 3.9 MBD of NGLs.
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2018, April, 23, 14:25:00
U.S. SHALE OIL UP
FT - US shale oil companies have started to generate free cash thanks to the rise in crude prices, a landmark moment for an industry that has until now relied on an inflow of capital to support its growth.