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Upstream

Upstream
2016, May, 30, 18:00:00

U.S. RIGS UNCHANGED

U.S. Rig Count is unchanged from last week at 404, with oil rigs down 2 to 316, gas rigs up 2 to 87, and miscellaneous rigs unchanged at 1. Canadian Rig Count is down 1 rig from last week to 43, with oil rigs down 2 to 14, gas rigs up 1 to 28, and miscellaneous rigs unchanged at 1.

Upstream
2016, May, 24, 19:50:00

IRAN WILL NOT FREEZE

"Currently, Iran's crude oil exports, excluding gas condensates, have reached 2 million barrels per day (bpd)," Javadi said. "Iran's crude oil export capacity will reach 2.2 million barrels by the middle of summer."

Upstream
2016, May, 23, 20:55:00

АСЕАН: РАСТУЩИЙ РЫНОК

Министр энергетики отметил, что страны АСЕАН являются одними из наиболее быстро растущих в мире по темпам роста объемов потребления энергии. «Сегодня в этом регионе потребляется вдвое меньше энергии, чем в среднем по миру, при этом с 1990 г. энергопотребление выросло в 2,5 раза», - отметил Александр Новак. По его словам, эта тенденция открывает для России «окно возможностей», связанных с поставками энергоресурсов, технологий и оборудования.

Upstream
2016, May, 23, 20:45:00

JAPAN'S INVESTMENT DOWN BY 40%

International Energy Agency (IEA) Executive Director Fatih Birol said last month that global upstream investment fell by 24 percent in 2015 and is set to fall by 18 percent in 2016.

Upstream
2016, May, 23, 20:35:00

LEVIATHAN APPROVED

Leviathan, one of the largest offshore discoveries of the past decade, was found in the eastern Mediterranean in 2010 and has been mostly earmarked for exports.

Upstream
2016, May, 22, 15:25:00

THE NEW NORWEGIAN LICENSES

The Barents Sea is characterized by low exploration maturity with a high resource potential. Operators have discovered 3.3 billion boe in the Barents Sea since exploration began, and the region has an estimated undiscovered potential of 7.6 billion boe. About 5 billion boe is expected to gas and condensate.

Upstream
2016, May, 22, 15:05:00

U.S. OIL DEMAND UP, PRODUCTION DOWN

Crude oil production fell 7.8 percent from April 2015 to average 8.9 million barrels per day in April, the lowest output level in 20 months. Natural gas liquids (NGL) production, a co-product of natural gas production, rose from prior year. NGL production in April averaged 3.3 million barrels per day, 0.7 percent higher than last year. This was the highest April output level on record.

Upstream
2016, May, 22, 15:00:00

U.S. RIGS DOWN 2

U.S. Rig Count is down 2 rigs from last week to 404, with oil rigs unchanged at 318, gas rigs down 2 to 85, and miscellaneous rigs unchanged at 1. Canadian Rig Count is up 1 rig from last week to 44, with oil rigs unchanged at 16, gas rigs up 1 to 27, and miscellaneous rigs unchanged at 1.

Upstream
2016, May, 19, 20:40:00

U.S. OIL & GAS PRODUCTION DOWN

Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d. Gas production from the regions is forecast to fall 464 MMcfd.

Upstream
2016, May, 19, 20:35:00

OIL COMPANIES RESTRUCTURING

Oil and gas producers depend largely on bank credit lines to run their businesses. Cmpanies getting ready to restructure are working closely with their bankers before filing for bankruptcy.

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