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Upstream

Upstream
2017, May, 29, 13:20:00
U.S. RIGS UP 7 TO 908
U.S. Rig Count is up 504 rigs from last year's count of 404, with oil rigs up 406, gas rigs up 98, and miscellaneous rigs unchanged. Canadian Rig Count is up 50 rigs from last year's count of 43, with oil rigs up 26, gas rigs up 25, and miscellaneous rigs down 1 to 0.
Upstream
2017, May, 26, 14:05:00
OIL PRODUCTION & PRICES
Ministers from the Organization of Petroleum Exporting Countries and its allies meet in Vienna to decide whether to prolong their agreement. Major producers including Saudi Arabia, Russia and Iraq favor an extension for nine months and, while other options will be discussed, consensus is building around an agreement that runs through next March.
Upstream
2017, May, 24, 19:35:00
RUSSIAN OIL REDUCTION
Russia itself is now slightly overcomplying with its commitment to cut 300,000 b/d of oil production from October levels, having achieved a 310,000 b/d cut since the beginning of the month.
Upstream
2017, May, 23, 15:00:00
SAUDIS & U.S. DEALS: $50 BLN
Saudi Aramco today signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts to the Kingdom.
Upstream
2017, May, 22, 16:30:00
U.S. RIGS UP 16
U.S. Rig Count is up 497 rigs from last year's count of 404, with oil rigs up 402, gas rigs up 95, and miscellaneous rigs unchanged. Canadian Rig Count is up 41 rigs from last year's count of 44, with oil rigs up 20, gas rigs up 22, and miscellaneous rigs down 1 to 0.
Upstream
2017, May, 19, 12:50:00
OIL PRODUCTION CONSENSUS
Algerian energy minister Noureddine Boutarfa said Thursday he believes there is a consensus among countries participating in the OPEC/non-OPEC oil production cut deal regarding the necessity to extend the agreement by nine months through March 2018.
Upstream
2017, May, 19, 12:30:00
NORWAY'S PRODUCTION DOWN 38 TBD
Preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an decrease of 38 000 barrels per day (approx. 2 percent) compared to March.
Upstream
2017, May, 18, 19:00:00
ROSNEFT & ENI AGREEMENT
Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin and Eni CEO Claudio Descalzi in the presence of Russian President Vladimir Putin and Italian Prime Minister Paolo Gentiloni.
Upstream
2017, May, 16, 12:05:00
U.S. OIL GAS PRODUCTION WILL UP
Crude oil production from the seven major US onshore producing regions is forecast to rise 122,000 b/d month-over-month in June to average 5.401 million b/d. Gas production from the seven regions is forecast to gain 557 MMcfd month-over-month in June to 51.316 bcfd.
Upstream
2017, May, 10, 18:00:00
U.S. SHALE RISK
The resurgence of the US shale industry after the oil slump of 2014 was a key factor in how crude prices fell sharply last week, to back below $50 per barrel. The market is concerned about whether efforts by Opec, the producers’ cartel, to tackle a supply glut by curbing output will be undermined by reinvigorated US shale companies.
Upstream
2017, May, 6, 16:55:00
NIGERIAN OIL: 2 MBD
Nigeria’s oil production level has recovered to 2 million bopd, Nigerian National Petroleum Corporation (NNPC) Group Managing Director Maikanti Baru said late on Tuesday.
Upstream
2017, May, 6, 16:35:00
INTERNATIONAL RIG COUNT UP 13
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. The international offshore rig count for April 2017 was 201, up 4 from the 197 counted in March 2017, and down 19 from the 220 counted in April 2016.
Upstream
2017, May, 6, 16:30:00
U.S. RIGS UP 7
U.S. Rig Count is up 462 rigs from last year's count of 415, with oil rigs up 375, gas rigs up 87, and miscellaneous rigs unchanged. Canadian Rig Count is up 46 rigs from last year's count of 36, with oil rigs up 16, gas rigs up 31, and miscellaneous rigs down 1 to 0.
Upstream
2017, May, 2, 16:10:00
U.S. RIGS INCREASING
The US tally of active drilling rigs increased by 13 to 870 during the week ended Apr. 28, marking the 12th double-digit rise during 15 straight weeks of gains. The count is now up 466 units since the nadir of the drilling downturn on May 20-27, 2016, and at its highest point since Aug. 28, 2015. Since its last decline, the count is up 211 units.
Upstream
2017, May, 2, 16:00:00
NABORS NET LOSS $149 MLN
Nabors Industries Ltd. reported first quarter 2017 operating revenue of $563 million, compared to operating revenue of $539 million in the prior quarter. Net income from continuing operations attributable to Nabors for the quarter was a loss of $149 million, or $0.52 per share, compared to a loss of $331 million, or $1.17 per share, in the fourth quarter of 2016. The first quarter results include $7.8 million in net after-tax charges, or $0.03 per share, representing premiums incurred in open market purchases of near-term debt.