Upstream
![Upstream](/cache/2016/12/OPEC-46.106d46c3.jpg)
2016, December, 16, 18:40:00
OPEC CUTS OIL
Japanese refiners have received notices of crude supply cuts from "some producers" for January loading, following OPEC's November 30 decision to cut production.
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2016, December, 15, 19:00:00
IRAQ'S OIL WILL UP
Iraq plans to increase crude-oil exports in January, government records show, immediately raising questions about its commitment to slashing production in line with OPEC’s landmark production agreement last month.
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2016, December, 15, 18:55:00
LIBYAN OIL WILL UP
Operations have restarted at two key oil fields and a connected pipeline in Western Libya that have been shut down for over two years, Libyan officials said, following an agreement with local tribes.
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2016, December, 15, 18:50:00
UPSTREAM'S EARNINGS UP
Oil production companies recorded positive earnings from their upstream (exploration and production) operations in the third quarter of 2016 for the first time since the fourth quarter of 2014.
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2016, December, 15, 18:45:00
GAZPROM - OMV AGREEMENT
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, signed the Basic Agreement regarding the asset swap. The signing ceremony took place in the presence of Hans Jörg Schelling, Minister of Finance of the Republic of Austria, and Anatoly Yanovsky, Deputy Minister of Energy of Russia.
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2016, December, 14, 18:50:00
RUSSIA WILL STUDY IRAN
Gazprom joins Lukoil PJSC and Zarubrezhneft OAO in Russia, Iran’s Oil Minister Bijan Namdar Zanganeh said in Tehran at the signing ceremony. Salbali Karimi, managing director of the Iranian Central Oil Fields Co., and Alexander Dyukov, chairman of the management board and chief executive officer of Gazprom Neft, signed the memorandum of understanding.
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2016, December, 14, 18:35:00
SHELL STARTS IN MALAYSIA
Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 barrels per day. As the company’s first TLP in the country, Malikai is an example of the strength of Shell’s global deep-water business, applying TLP expertise from decades of operations in the U.S. Gulf of Mexico.
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2016, December, 14, 18:30:00
U.S. OIL GAS PRODUCTION DOWN
December 2016 U.S. oil production will down 20 tbd, gas production will down 94 mcfd.
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2016, December, 12, 18:30:00
U.S. RIGS UP 27
U.S. Rig Count is down 85 rigs from last year's count of 709, with oil rigs down 26, gas rigs down 60, and miscellaneous rigs up 1.
Canadian Rig Count is up 56 rigs from last year's count of 174, with oil rigs up 44, gas rigs up 11, and miscellaneous rigs up 1.
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2016, December, 9, 18:40:00
OPEC OIL RECORD: 33.86 MBD
OPEC crude oil production for November rose for the sixth straight month, to a record 33.86 million b/d.
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2016, December, 9, 18:35:00
IRAQ'S OIL RECORD: 4.051 MBD
Iraq’s Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd.
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2016, December, 7, 18:30:00
WORLDWIDE RIG COUNT DOWN 369
The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.
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2016, December, 6, 18:40:00
IRAN - INDONESIA COLLABORATION
Indonesian companies are interested to join upstream projects in Iran's oil industry in fields like Ab Teymour and Mansouri oilfields, said Chairman of the People's Consultative Assembly (MPR) of Indonesia Zulkifli Hasan.
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2016, December, 6, 18:35:00
CHINA'S VICTORY IN MEXICO
The auction of the deepwater blocks, four in the Perdido Fold belt near the US side of the Gulf and six in the unexplored Salina basin further south, marked the culmination of the first round of auctions since Mexico enacted a sweeping reform to open a sector closed to private exploration and production for nearly 80 years.
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2016, December, 5, 18:30:00
U.S. RIGS UP 4
U.S. Rig Count is down 140 rigs from last year's count of 737, with oil rigs down 68, gas rigs down 73, and miscellaneous rigs up 1.
Canadian Rig Count is up 23 rigs from last year's count of 177, with oil rigs up 23, gas rigs down 2, and miscellaneous rigs up 2.