2016, June, 3, 19:20:00U.S. OIL PRODUCTION DOWN 5.4%
US crude oil production in March averaged 9.127 million b/d, down from 9.133 million b/d in February and 9.648 million b/d in March 2015.
2016, May, 31, 19:40:00STRONG RUSSIAN OIL
Russia’s crude production continuing to grow this year by around 100,000 b/d or even slightly above this figure. The growth is supported by investments made in previous years.
2016, May, 31, 19:35:00INDONESIA SEEKS TO IRAN
Indonesia's oil and gas company PT Pertamina seeks the possibility to develop oil and gas fields in Iran and import liquefied natural gas (LPG) from the Middle East country.
2016, May, 30, 18:10:00MAJORS DEBT UP TO $383 BLN
The aggregate net debt of the 15 largest North American and European oil groups rose to $383bn at the end of March, up $97bn from 12 months ago.
2016, May, 30, 18:00:00U.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.
2016, May, 24, 19:40:00PETROPARS & SHELL INVESTMENTS
Established in 1998, Petropars was founded to contribute toward the development of Iran’s vast energy resources. It specializes as a developer of exploration, exploitation and production in upstream projects.
2016, May, 23, 20:45:00JAPAN'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.
2016, May, 23, 20:30:00KCA DEUTAG LOSS $29 MLN
The KCA Deutag Way is the combination of worldwide standards, tried and tested policies and procedures, pragmatic work guidelines and core behaviours that help us live and work by our values. It governs how we behave as colleagues and as a company. It ensures we operate safely, succeed globally and our customers enjoy a world class service.
2016, May, 22, 15:25:00THE 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.
2016, May, 22, 15:15:00PAPUA NEW GUINEA: $2.2 BLN
Oil Search Ltd. has moved to consolidate natural-gas developments on Papua New Guinea with a US$2.2 billion deal to buy U.S.-listed midsize energy company InterOil Corp amid a growing natural gas glut.
2016, May, 22, 15:10:00BENEFITS OF UKRAINIAN TIPS
The US officials gave a positive assessment of Ukraine's sourcing of gas from Europe and the ongoing reform at Naftogaz and Ukraine’s gas market. They also commended the implementation of the corporate governance reform, which was based on OECD principles for state-owned enterprises.
2016, May, 22, 15:05:00U.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.
2016, May, 22, 15:00:00U.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.
2016, May, 19, 20:50:00U.S. ENERGY DEBT: $370 BLN
"[Oil’s recent rise] is not enough," said Dicker. "You can’t find the financing to keep the lights on at $50 oil. Most of these guys won’t be able to keep the lights on at $65 or $70 oil."
2016, May, 19, 20:45:00U.S. BANKRUPTCY UP - 2
Many companies on the teetering on the brink of insolvency find themselves buried under high interest rates and lack of deployable capital due to low commodity prices. Many banks have cut oil company credit lines as part of the semi-annual review by lenders. But the combined $8.9 billion in debt between the eighteen companies still looms ever menacingly in the background.