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2018, April, 23, 14:05:00
BAKER HUGHES GE NET INCOME $70 MLN
BHGE - Baker Hughes, a GE company Announces First Quarter 2018 Results
Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis
GAAP operating loss of $41 million for the quarter, decreased 63% sequentially and increased unfavorably year-over-year on a combined business basis
Adjusted operating income (a non-GAAP measure) of $228 million for the quarter, down 20% sequentially and down 19% year-over-year on a combined business basis
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2018, April, 23, 14:00:00
U.S. RIGS UP 5 TO 1,013
BAKER HUGHES A GE - U.S. Rig Count is up 5 rigs from last week to 1,013, with oil rigs up 5 to 820, gas rigs unchanged at 192, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 9 rigs from last week to 93, with oil rigs down 3 to 38 and gas rigs down 6 to 55.
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2018, April, 20, 09:25:00
U.S. PETROLEUM DRILLING UP 35%
API - natural gas and oil drilling and completions rose more than 35 percent over 2017 levels signaling the strength of the U.S. natural gas and oil industry. In addition, the success rate for exploration of natural gas and oil was more than 60 percent, the highest rate since 2009.
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2018, April, 20, 09:20:00
OIL STOCKS & PRICES UP
FT - Oil prices hit their highest level since 2014 on Thursday, moving above $74 a barrel and lifting energy companies to the top of global stock indices.
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2018, April, 20, 09:05:00
NORWAY'S PRODUCTION 1.9 MBD
NPD - Preliminary production figures for March 2018 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is a decrease of 46 000 barrels per day compared to February.
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2018, April, 20, 08:45:00
SEADRILL'S BANKRUPTCY OFF
REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.
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2018, April, 18, 13:07:00
U.S. OIL PRODUCTION +125 TBD, GAS +1,078 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 125,000 b/d month-over-month in May from 6,871 to 6,996 thousand barrels/day , gas production to increase 1,078 million cubic feet/day from 65,829 to 66,907 million cubic feet/day .
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2018, April, 18, 13:06:00
U.S. GAS PRODUCTION UP TO 59%
EIA - U.S. dry natural gas production will increase through 2050 across a wide variety of alternative assumptions about the future. In the Reference case, which is based on current laws and regulations, production grows 59% from 2017 to 2050, starting at 73.6 billion cubic feet per day (Bcf/d) in 2017 and reaching 118 Bcf/d in 2050.
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2018, April, 16, 09:45:00
OIL DEMAND UP TO 1.5 MBD
IEA - Globally, we expect oil demand to grow by 1.5 mb/d in 2018. However, there is an element of risk to this outlook from the current tension on trade tariffs between China and the US,
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2018, April, 16, 09:10:00
CHEVRON - AUSTRALIA LNG: $54 BLN
REUTERS - The $54 billion Gorgon project came on stream in March 2016 but suffered numerous unplanned shutdowns in its early stages.
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2018, April, 16, 09:00:00
U.S. RIGS UP 5 TO 1,008
BAKER HUGHES A GE - U.S. Rig Count is up 5 rigs from last week to 1,008, with oil rigs up 7 to 815, gas rigs down 2 to 192, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 9 rigs from last week to 102, with oil rigs down 7 to 41 and gas rigs down 2 to 61.
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2018, April, 13, 18:05:00
OPEC - RUSSIA COOPERATION TO 2019
REUTERS - “There is growing confidence that the declaration of cooperation will be extended beyond 2018,” Barkindo told. “Russia will continue to play a leading role.”
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2018, April, 13, 18:00:00
OPEC RETURN INVESTMENT
PLATTS - "Since 2013-2014 we have seen a rapid drop off in investment which we believe will bite the consumers and the industry as a whole," Falih said at a media briefing at the International Energy Forum. "We are trying to signal to the market, to the investors, to the financial community, to international oil companies to put investments back into the upstream."
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2018, April, 13, 17:55:00
HARD OIL MARKET
BLOOMBERG - OPEC said its oil output fell to the lowest in a year last month amid reduced supplies from Venezuela and Saudi Arabia, suggesting global markets may tighten sharply later this year.
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2018, April, 11, 13:35:00
RUSSIA - OPEC UNLIMITED
PLATTS - Maintaining a long-term oil management alliance with Russia and other allies will allow OPEC producers to react more quickly to changing fundamentals and stabilize the market,