2016, April, 5, 18:25:00MEXICO'S RESERVES DOWN 21%
Mexico's proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said on Thursday, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices.
2016, April, 5, 18:10:00PETROBRAS CUTS 12,000 JOBS
Brazil’s troubled state-run oil company Petróleo Brasileiro SA on Friday announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.
2016, April, 5, 18:05:00KCA DEUTAG SOLD
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum.
2016, April, 5, 18:00:00LUKOIL NET INCOME DOWN 26%
In 2015, LUKOIL Group total hydrocarbon production increased by 2.8 % y-o-y and reached 2.379 million boe per day. Crude oil production* increased by 3.6 % y-o-y to 100.7 million tons.
2016, April, 3, 16:15:00SAUDI FUND $2 TRILLION
The sale of Aramco, or Saudi Arabian Oil Co., is planned for 2018 or even a year earlier, according to the prince. The fund will then play a major role in the economy, investing at home and abroad. It would be big enough to buy Apple Inc., Google parent Alphabet Inc., Microsoft Corp. and Berkshire Hathaway Inc. -- the world’s four largest publicly traded companies.
2016, April, 3, 16:10:00KUWAIT & SAUDI AGREE
Production at Khafji was halted in October 2014 because of environmental concerns. The 300,000-b/d field lies in the Saudi-Kuwaiti neutral zone. Kuwait Gulf Oil Co. and Saudi Aramco Gulf Operations Co. jointly operate it. Neither company commented on restart reports.
2016, April, 3, 16:05:00SHELL & NIGERIA CORRUPTION
The international oil company said on Wednesday it was co-operating with officials from both the Netherlands and Italy as they investigate the $1.1bn deal, which Shell signed five years ago alongside Eni, the Italian oil company.
2016, April, 3, 15:55:00BP & KUWAIT AGREEMENT
The framework agreement includes opportunities for joint investment in future oil and gas exploration, and possible oil and gas trading deals, including LNG.
2016, April, 3, 15:50:00BP & AZERBAIJAN COOPERATION
But in order to extract those resources, BP has had to wage a battle to control inflated costs and root out fraud, internal documents and interviews with former employees of BP and its contractors show.
2016, April, 3, 15:45:00U.S. RIGS DOWN 14
U.S. Rig Count is down 14 rigs from last week to 450, with oil rigs down 10 to 362, and gas rigs down 4 to 88. Canadian Rig Count is down 6 rigs from last week to 49, with oil rigs unchanged at 11, and gas rigs down 6 to 38.
2016, April, 2, 17:52:00KOCH - ROCKEFELLERS OIL
NEO - The Koch Brothers emerged stronger than ever, along with a slew of smaller oil tycoons, who lack the kind of longstanding and entrenched influence wielded by the Rockefeller dynasty.
2016, March, 31, 19:25:00SAUDI EXPANSION
The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser told reporters during a conference in Al-Ahsa in eastern Saudi Arabia. Aramco is also studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000 barrels a day, he said Wednesday.
2016, March, 31, 19:20:00CHINA'S GAS PRIORITIES
China, the world's top energy user, is keen to boost cleaner burning natural gas consumption to tackle air pollution.
2016, March, 31, 19:10:00U.S. DECLINE COSTS
The drilling cost per foot, based on total depth, and the completion cost per foot, based on lateral length, are both projected to maintain these lower cost trends through 2018. Sustained lower upstream costs may affect near-term oil and natural gas markets, and ultimately, the prices of these fuels.
2016, March, 31, 19:00:00ROSNEFT RESULTS 2015
“The company continues to improve its efficiency responding to the challenges of the global market. In Q4 2015 upstream operating expenses per boe and maintenance expense of the Russian refinery in RUB terms slightly increased in comparison with Q4 2014, despite of the growth in industry prices by 10.7%. Increase in earnings before interests, tax and depreciation by 17.8% in 2015, in terms of significant decline in RUB and USD denominated oil prices show an effective control over operating costs that allowed the Company to reduce its debt burden considerably, significantly increasing the sustainability of the business in challenging macroeconomic environment”