Upstream
2016, November, 18, 18:40:00
RUSSIA'S STABLE OUTLOOK
Russia's oil and gas companies will continue to benefit from the weak rouble while avoiding a major tax hike in 2017, according to a new special report by Fitch Ratings.
2016, November, 18, 18:35:00
VENEZUELA & CHINA: $50 BLN
Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.
2016, November, 18, 18:30:00
NIGERIA'S OIL SETTLEMENT: $5.1 BLN
Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.
2016, November, 17, 18:40:00
JAPAN NEEDS MORE OIL
Japan sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.
2016, November, 16, 18:40:00
РОССИЯ - ЯПОНИЯ: СУЩЕСТВЕННЫЙ ПОТЕНЦИАЛ
«Мы видим существенный потенциал для наращивания двухстороннего взаимодействия в области добычи и переработки нефти и газа, а также в сфере производства и экспорта СПГ», – отметил Алексей Текслер.
2016, November, 16, 18:30:00
EXXON VS CHAD: $74 BLN
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
2016, November, 15, 18:45:00
U.S. OIL&GAS PRODUCTION DOWN
U.S. oil production down 20 tbd, gas production down 94 mcfd.
2016, November, 15, 18:35:00
NIGERIAN OIL WILL UP TO 3 MBD
Nigeria aims to increase its crude oil output to 2.8 million b/d by 2019 and to 3 million b/d by 2020 from the current average of 2 million b/d, according to a short term policy document produced by the country's oil ministry.
2016, November, 14, 18:50:00
OPEC OIL PRODUCTION 33.64 MBD
The Organization of Petroleum Exporting Countries increased its crude oil output by 240,000 b/d during October to average 33.64 million b/d.
2016, November, 14, 18:45:00
A LITTLE HOPE PRICE
The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
2016, November, 14, 18:35:00
CONOCO PLANS $50
ConocoPhillips plans conservative financial and operating programs in 2017, planning for a longer-than-expected $50/b oil world by reducing its capital budget 4%, growing production up to 2% and forging technologies to squeeze out the last smidgen of resource from existing assets.
2016, November, 14, 18:30:00
U.S. RIGS DOWN 1
U.S. Rig Count is down 199 rigs from last year's count of 767, with oil rigs down 122, gas rigs down 78, and miscellaneous rigs up 1.
Canadian Rig Count is unchanged from last year's count of 176, with oil rigs up 21 and gas rigs down 21.
2016, November, 11, 19:00:00
OIL PRODUCTION GROWTH
Supply growth from nations outside the OPEC will be “just shy” of 500,000 barrels a day, an increase of 110,000 barrels a day from the agency’s forecast last month, it said Thursday. Russian production is likely to grow by 190,000 barrels a day, building on a 230,000-barrel increase in 2016.
2016, November, 11, 18:55:00
FREEZING OIL PRODUCTION
Russian Energy Minister Alexander Novak said on Thursday global crude oil output could be frozen at November levels if the world's leading oil producers reach an agreement on Nov. 30.
2016, November, 9, 18:50:00
LIBYA CAN INCREASE
Libya, a member of the Organization of Petroleum Exporting Countries, is struggling to boost crude production and exports since the NOC reached an agreement in September with Khalifa Haftar, the commander of forces controlling important oil ports. As a result of the deal, the country was able to ship 781,000 barrels from the port of Ras Lanuf on Sept. 21, the first international cargo from that terminal since force majeure was declared in December 2014.