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2017, January, 24, 21:45:00
HALLIBURTON NET LOSS $149 MLN
Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $149 million, or $0.17 per diluted share, for the fourth quarter of 2016.
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2017, January, 23, 18:55:00
OBSERVING THE AGREEMENT
All the countries are observing the agreement on cutting the output, Russia's Minister of Energy Alexander Novak told a news conference on Sunday.
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2017, January, 23, 18:50:00
OIL PRODUCTION CUTS 1.5 MBD
Saudi Energy Minister Khalid al-Falih said OPEC’s 13 nations and 11 producers outside the cartel had made collective cuts totaling 1.5 million barrels a day since agreements were struck in late November and early December. Oil prices have risen nearly 20% since those deals were made, despite widespread skepticism over whether OPEC and other producers would follow through.
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2017, January, 23, 18:35:00
SCHLUMBERGER NET LOSS $1.7 BLN
Full-year 2016 revenue of $27.8 billion decreased 22% year-on-year, despite three quarters of activity from the Cameron Group that contributed $4.2 billion in revenue. Excluding Cameron, consolidated revenue declined 34%.
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2017, January, 23, 18:30:00
U.S. RIGS UP 35
U.S. Rig Count is up 57 rigs from last year's count of 637, with oil rigs up 41, gas rigs up 15, and miscellaneous rigs up 1
Canadian Rig Count is up 92 rigs from last year's count of 250, with oil rigs up 59, gas rigs up 33, and miscellaneous rigs unchanged.
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2017, January, 20, 18:55:00
U.S. OIL GAS PRODUCTION UP
U.S. oil production will up 41 tbd, gas production will up 330 mcfd.
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2017, January, 20, 18:30:00
NORWAY'S PRODUCTION DOWN 60 TBD
Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.
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2017, January, 17, 18:35:00
CHINA'S PRODUCTION DOWN
China’s oil production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016.
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2017, January, 16, 18:30:00
U.S. RIGS DOWN 6
U.S. Rig Count is up 9 rigs from last year's count of 650, with oil rigs up 7, gas rigs up 1, and miscellaneous rigs up 1.
Canadian Rig Count is up 88 rigs from last year's count of 227, with oil rigs up 60, gas rigs up 27, and miscellaneous rigs up 1.
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2017, January, 11, 19:00:00
OIL INVESTMENTS UP
Global capital spending by leading exploration and production companies will total $450bn in 2017, up 3 per cent compared to 2016 and ending two years of steep declines, according to Wood Mac forecasts published on Wednesday. Meanwhile, the number of final investment decisions by these 60 E&P companies — which range from large multinationals and independents to national oil groups — on new upstream projects will double to more than 20 in 2017, from nine last year.
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2017, January, 11, 18:50:00
RUSSIA - OPEC ALLIANCE
Russia and 10 other non-OPEC nations joined forces with the Organization of Petroleum Exporting Countries on Dec. 10 to end a global glut that’s crashed oil prices and shaken energy-rich economies. The pact — the first between the two sides in 15 years — involves a reduction of 558,000 barrels a day from non-OPEC countries starting in January.
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2017, January, 11, 18:40:00
U.S. DECLINE'S END
“Today’s report shows evidence that the consistent decline in oil and natural gas drilling could be coming to an end,” said Hazem Arafa, director of API’s statistics department.
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2017, January, 11, 18:35:00
IRAQ PLANS 3.6 MBD
Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month.
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2017, January, 11, 18:30:00
GAZPROM'S GAS RECORD
Gazprom’s gas exports to Europe hit an all-time high for the gas industry in 2016, totaling 179.3 billion cubic meters. Compared to 2015, it is an increase of 12.5 per cent, or 19.9 billion cubic meters in absolute terms, which is commensurate with the volumes we delivered to the U.K. last year, namely 17.8 billion cubic meters.
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2017, January, 9, 19:00:00
SAUDI CUTS OIL PRODUCTION: 486 TBD
Saudi Arabia has cut its crude-oil production by at least 486,000 barrels a day since October, said a person familiar with the kingdom’s output, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.