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2018, February, 2, 12:05:00
SOUTH AFRICA'S GAS UP
EIA - South Africa is one of the world’s leading emitters of energy-related carbon dioxide (CO2), ranking fifteenth globally in 2015 and accounting for more than any other country in Africa. In an effort to reduce CO2 emissions, South Africa is planning to diversify its energy portfolio, replacing coal with lower CO2-emitting fuels such as natural gas and renewable sources. The country’s Intended National Determined Contribution, submitted as part of the Paris Agreement, plans for CO2 emissions to peak by 2025, remain flat for a decade, and begin to decline around 2035.
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2018, January, 31, 10:40:00
NORWAY'S OIL BOOM
BLOOMBERG - With crude back at $70 a barrel, and a petroleum industry that cut costs to the bone after the oil crash, the stage is now set for another boom. But the good times could hamper Prime Minister Erna Solberg’s main aim of moving the economy away from a reliance on oil. As optimism now returns to the economy, signs of real progress on that project are few.
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2018, January, 29, 08:40:00
U.S. PETROLEUM DELIVERIES: 20.7 MBD
API - Total petroleum deliveries in December rose to 20.7 million barrels per day. This was the strongest December monthly demand in the last decade.
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2018, January, 29, 08:05:00
U.S. RIGS UP 11 TO 947
BAKER HUGHES A GE - U.S. Rig Count is up 11 rigs from last week to 947, with oil rigs up 12 to 759, gas rigs down 1 to 188, and miscellaneous rigs unchanged.
Canada Rig Count is up 13 rigs from last week to 338, with oil rigs up 12 to 220 and gas rigs up 1 to 118.
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2018, January, 26, 12:20:00
U.S. SHALE OIL BOOM
REUTERS - U.S. Energy Secretary Rick Perry told oil super-powers Russia and Saudi Arabia he believed U.S. shale oil boom would not become a spoiler for oil markets because new production would be absorbed by fast rising global demand.
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2018, January, 26, 12:15:00
NIGERIAN OIL PRICE: $45-$46
BLOOMBERG - “We’ve gotten to a point where we don’t care,” whether prices will be sustained at the level that they have recently risen to, Adeosun said during an interview in her office in the capital, Abuja. “We’ve been able to balance our budget at $45-$46 per barrel and we’ve got to learn to live comfortably at that level.”
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2018, January, 24, 12:05:00
OPEC MARKET MANAGEMENT
PLATTS - "We need to see the confidence level of investors within the companies and financial community improving about the long-term prospects of the market, and that is why my guidance to my colleagues is that we should not limit our efforts to 2018," Saudi Energy Minister Khalid al-Falih said, just before he chaired a monitoring committee meeting in Oman.
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2018, January, 24, 11:30:00
NORWAY'S OIL UP OF 26 TBD
NPD - Preliminary production figures for December 2017 show an average daily production of 1 932 000 barrels of oil, NGL and condensate, which is an increase of 26 000 barrels per day compared to November.
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2018, January, 24, 07:20:00
HALLIBURTON NET LOSS $824 MLN
HALLIBURTON - Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $805 million, or $0.92 per diluted share, for the fourth quarter of 2017.
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2018, January, 22, 08:40:00
OPEC'S CONSTRUCTIVE ROLE
OPEC - HH Sheikh Sabah praised all 24 participating countries, both OPEC and non-OPEC, for their joint efforts towards restoring much needed oil market stability, as well as keeping faith in the collaborative approach which is at the heart of the ‘Declaration of Cooperation’.
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2018, January, 22, 07:40:00
SCHLUMBERGER IS BETTER
FT - Excluding those items, earnings per share for the fourth quarter of 2017 were 48 cents, up 78 per cent from the equivalent period of 2016 and above the average forecast of 44 cents.
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2018, January, 22, 07:35:00
SCHLUMBERGER NET LOSS $1.5 BLN
SCHLUMBERGER - Full-year 2017 revenue of $30.4 billion increased 9% year-on-year. This included a full year’s activity from the acquired Cameron businesses as compared to three quarters of activity in 2016. Excluding the addition of Cameron, revenue growth was driven by land activity in North America, which increased by 82% in line with the increase in rig count. Full-year Production Group revenue increased 21%, Reservoir Characterization Group revenue improved 2%, and Drilling Group revenue declined 2%.
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2018, January, 22, 07:30:00
U.S. RIGS DOWN 3 TO 936
BAKER HUGHES A GE - U.S. Rig Count is down 3 rigs from last week to 936, with oil rigs down 5 to 747, gas rigs up 2 to 189, and miscellaneous rigs unchanged.
Canada Rig Count is up 49 rigs from last week to 325, with oil rigs up 23 to 208 and gas rigs up 26 to 117.
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2018, January, 19, 12:35:00
RUSSIA'S UPSIDE POTENTIAL
BLOOMBERG - Russia’s oil and gas index may gain another 20 to 30 percent this year as investors have yet to price in Brent at $70 per barrel, according to Sberbank CIB. "The sell side is assuming an average oil price of $55 per barrel for 2018,” the bank’s analysts said in a Jan. 15 note. "Should the oil price stay at the current level, we will see a wave of earnings upgrades.”
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2018, January, 19, 12:30:00
U.S. FOSSIL FUELS WILL UP
EIA - EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, the highest level of production on record. EIA expects total fossil fuel production to then set another record in 2019, with production forecast to rise to 75 quadrillion Btu.