Oil&Gas
2016, October, 4, 18:45:00
HEALTHY RUSSIAN OIL
Russian oil production continuing its slow climb for at least the next five years.
2016, October, 4, 18:30:00
PEMEX DEBT UP
The two bonds, valued at USD 2 billion each and issued in a financial operation that started early in September, will carry maturities of seven and close to 31 years. They pay yields of 4.62% and 6.75%, respectively, according to Pemex CFO Juan Pablo Newman. Now with greater maturity, Pemex’s repurchased debt, which was due to mature in 2018 and 2019, has reduced the risks of the company’s debt portfolio.
2016, October, 3, 18:30:00
U.S. RIGS UP 11
U.S. Rig Count is down 287 rigs from last year's count of 809, with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1.
Canadian Rig Count is down 17 rigs from last year's count of 179, with oil rigs up 14, and gas rigs down 31.
2016, September, 30, 18:30:00
UK'S OIL COLLAPSE
"The UK continental shelf is in urgent need of fresh investment to boost exploration and drive activity, particularly for the supply chain," Oil and Gas UK chief executive Deirdre Michie said, going on to call for additional government efforts to encourage investment.
2016, September, 28, 18:35:00
INDIA APPROVED $3 BLN
The deal, worth about $2.02 billion, was approved by the cabinet Wednesday, said an official, who didn’t wish to be named.
The cabinet also approved another deal worth $1.24 billion reached by the three companies earlier this year to acquire a 29.9% stake in Russia’s Taas-Yuryakh oil field.
2016, September, 26, 19:05:00
OIL MARKET IS WEAK
“While the oil market has recovered from its most severe period, it’s still weak,” Nasser said.
2016, September, 26, 18:45:00
2018: STRONGER GROWTH
“We expect global spending in the oil and gas sector will reach its nadir in 2016 , returning to growth in 2017,” Christopher Haines, BMI’s head of oil and gas research, said in the report. “For now, we see stronger growth in capital expenditure in 2018 , as better forecast oil prices are building confidence behind spending outlooks.”
2016, September, 26, 18:35:00
U.S. JOBS: 4.3 MLN
An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
2016, September, 26, 18:30:00
U.S. RIGS UP 5
U.S. Rig Count is down 327 rigs from last year's count of 838, with oil rigs down 223, gas rigs down 105, and miscellaneous rigs up 1.
Canadian Rig Count is down 38 rigs from last year's count of 176, with oil rigs up 11, gas rigs down 49, and miscellaneous rigs unchanged at 0.
2016, September, 21, 18:40:00
NORWAY'S OIL PRODUCTION DOWN 202 TBD
Preliminary production figures for August 2016 show an average daily production of 1 929 000 barrels of oil, NGL and condensate, which is a decrease of 202 000 barrels per day (approx. 9.5 percent) compared to July.
2016, September, 21, 18:35:00
CONOCO SELLS INDONESIA
US major ConocoPhillips will sell its 40% operating interest in the South Natuna Sea oil and gas production-sharing block B to Indonesian player Medco Energi, the latter announced on Monday.
2016, September, 19, 18:50:00
U.S. RIGS DOWN 2
U.S. Rig Count is down 336 rigs from last year's count of 842, with oil rigs down 228, gas rigs down 109, and miscellaneous rigs up 1.
Canadian Rig Count is down 50 rigs from last year's count of 182, with oil rigs up 5, gas rigs down 56, and miscellaneous rigs up 1.
2016, September, 15, 18:35:00
ONGC BUYS VANKOR
Vankorneft is the operating company of the Vankor oil and gas condensate field and the North Vankor licence, in East Siberia, Russia. This acquisition will increase ONGC Videsh’s stake in the company to 26%. The company had previously acquired 15% in the project in May this year for USD 1.27 billion. The new transaction is expected to close by the end of the year.
2016, September, 13, 14:40:00
ANADARKO BOUGHT MEXICO $2 BLN
We expect these acquired assets to generate substantial free cash flow,(1) enhancing our ability to increase US onshore activity in the Delaware and DJ basins. Our current plans are to add two rigs in each play later this year, and to increase activity further thereafter, with an expectation of more than doubling our production to at least 600,000 BOE per day collectively from these two basins over the next five years.
2016, September, 13, 14:35:00
U.S. OIL & GAS PRODUCTION DOWN
U.S. oil production down 61 tbd, gas production doun 302 mcfd.