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2016, August, 5, 18:40:00
INTERNATIONAL RIG COUNT DOWN 686
The worldwide rig count for July 2016 was 1,481, up 74 from the 1,407 counted in June 2016, and down 686 from the 2,167 counted in July 2015.
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2016, August, 3, 18:50:00
ROSNEFT & PDVSA STRATEGIC PARTNERSHIP
Crisis in the global energy industry provides a unique opportunity to expand Rosneft and PDVSA cooperation, which may have a substantial effect on the global oil markets balancing.
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2016, August, 2, 18:30:00
STATOIL SALES U.S.
In the latest transaction, Statoil will divest some of its non-operated interests in the US state of West Virginia to Antero Resources Corporation (“Antero”) for approximately USD 96 million in cash.
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2016, August, 1, 19:05:00
IRAN NEEDS MONEY
Iran's failure to get full access to the global financial system a year after it signed the nuclear deal with world powers has intensified domestic political infighting. It has also turned up the heat on President Hassan Rouhani, a pragmatist facing re-election next year, who has gambled on attracting foreign investment to help raise voters' living standards.
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2016, August, 1, 19:00:00
IRAQ'S OIL UP TO 3.2 MBPD
Iraq reaped $3.744 billion from oil exports in July, Oil Ministry spokesman Asim Jihad said in a statement. He said average production for the month was over 3.202 million bpd.
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2016, August, 1, 18:55:00
INDONESIA STARTS OUTPUT
The Bangka project, majority owned by Chevron, will start operation in August, Wiratmaja Puja, the director general of oil and gas at Indonesia's Energy Ministry, told Reuters in an interview.
Italian oil firm Eni's Jangkrik project is 80 percent complete and is expected to commence operation in July 2017, he said.
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2016, August, 1, 18:30:00
U.S. RIGS UP 1
U.S. Rig Count is up 1 rig from last week to 463, with oil rigs up 3 to 374, gas rigs down 2 to 86, and miscellaneous rigs unchanged at 3.
Canadian Rig Count is up 17 rigs from last week to 119, with oil rigs up 12 to 60, gas rigs up 5 to 58, and miscellaneous rigs unchanged at 1.
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2016, July, 29, 18:50:00
STATOIL BUY BRAZIL: $2.5 BLN
Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s highly prolific Santos basin. The acquisition includes a substantial part of the Carcará oil discovery, one of the largest discoveries in the world in recent years.
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2016, July, 27, 19:00:00
INDIA HAS FOUND GAS
“Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well help define the technology needed to safely produce them,” said Walter Guidroz, USGS Energy Resources Program coordinator.
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2016, July, 27, 18:40:00
BRITAIN HAS CUT TO 90%
"We recognise that market conditions are currently very difficult but nevertheless we have a shared goal of making the basin as attractive as possible for exploration," Andy Samuel, chief executive of the OGA, said.
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2016, July, 26, 19:00:00
PHILIPPINES NEED OFFSHORE
The Philippines relies overwhelmingly on imports to fuel its fast-growing economy. That reliance will grow further in a few years when the main source of domestic natural gas runs out, so the clock is ticking for it to develop offshore fields that China shows no sign of loosening its grip on.
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2016, July, 23, 13:59:00
U.S. RIGS UP 15
U.S. Rig Count is up 15 rigs from last week to 462, with oil rigs up 14 to 371, gas rigs down 1 to 88, and miscellaneous rigs up 2 to 3.
Canadian Rig Count is up 7 rigs from last week to 102, with oil rigs up 4 to 48, gas rigs up 3 to 53, and miscellaneous rigs unchanged at 1.
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2016, July, 21, 15:07:00
U.S. DRILLING UP
Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the last three weeks, a 40% increase over the average price in the first quarter.
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2016, July, 19, 12:26:00
U.S. OIL PRODUCTION DOWN
U.S. oil production down 99 tbd, gas production down 417 mcfd.
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2016, July, 14, 11:20:00
OPEC UP
Production from the Organization of Petroleum Exporting Countries climbed to an eight-year high last month, boosted by the re-admission of Gabon, which swelled the number of members to 14, the IEA said. The group’s crude output rose 400,000 barrels a day to 33.21 million a day as Saudi Arabia boosted production to meet peak domestic demand during the summer and as Iran continued its export recovery following the end of international sanctions in January.