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Oil&Gas

Oil&Gas
2016, March, 22, 19:05:00
THE LOWEST U.S. RIGS
The total US rig count, which on Friday stood at 476, is now at its lowest point ever in the 67-year history of the Baker Hughes numbers, according to data released by the oilfield service company.
Oil&Gas
2016, March, 22, 19:00:00
TRANSCANADA DEAL: $13 BLN
The deal will give Calgary-based TransCanada a strategic position in the Marcellus and Utica shales of Pennsylvania, Ohio and West Virginia, the most promising regions in the US for gas production growth.
Oil&Gas
2016, March, 22, 18:35:00
CNOOC & SHELL INVESTMENT
The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units, which will increase ethylene capacity by more than 1 million tonnes of per year, about double the current capacity. It will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest such plant ever built in China.
Oil&Gas
2016, March, 22, 18:30:00
ENI CUTS 21%
Eni expects 1.6 billion boe in oil and gas discoveries during the period while maintaining average exploration spending in line with 2015 levels. Notwithstanding an 18% reduction in overall upstream capex, cumulative production growth of 13% to 2019 is expected.
Oil&Gas
2016, March, 19, 18:45:00
U.S. RIGS DOWN 4
U.S. Rig Count is down 4 rigs from last week to 476, with oil rigs up 1 to 387, and gas rigs down 5 to 89. Canadian Rig Count is down 29 rigs from last week to 69, with oil rigs down 16 to 12, and gas rigs down 13 to 57.
Oil&Gas
2016, March, 17, 19:20:00
RUSSIAN OIL UP
Exploiting its proximity to northern Asia and the collapse of the rouble against the U.S. dollar, Russia has become the fastest growing oil supplier to Asia at a time when Middle East exporters are distracted by internal strife and competition from U.S. shale producers.
Oil&Gas
2016, March, 17, 19:10:00
RUSSIA’S ENERGY STRATEGY - 2030
Central to Russia’s priorities is maintaining stable energy supplies both internally and to its external markets and customers. This goes hand-in-hand with energy security, availability and affordability and of course to ensure stability of demand. The 2030 target is to maintain a 10% share of global oil trade and 20% of natural gas.
Oil&Gas
2016, March, 17, 19:05:00
UNIQUE INTERNATIONAL CONSORTIUM
Rosneft, Oil India, Indian Oil and Bharat Petroresources signed a Heads of agreement in respect to the acquisition by a group of Indian investors of a 23,9% share in Vankroneft. The document envisages the possible execution of legally binding documents with regard to the sale and purchase transaction.
Oil&Gas
2016, March, 17, 19:00:00
ROSNEFT SELLS STAKES
Rosneft said on Wednesday it had signed a binding agreement to sell a 29.9 per cent interest in its Taas-Yuriakh subsidiary, which operates one of the largest oil and gasfields in eastern Siberia, to a consortium of three Indian companies: Oil India, Indian Oil and Bharat Petroresources.
Oil&Gas
2016, March, 17, 18:50:00
BRITAIN CUT TAXES: $1.4 BLN
Britain's finance minister George Osborne will cut taxes by 1 billion pounds ($1.41 billion) over five years for energy companies pumping oil from the country's North Sea fields, in a boost for an industry suffering low crude prices.
Oil&Gas
2016, March, 15, 19:05:00
U.S. CAN INVEST
U.S. companies are welcome to invest in Iran's oil and gas industry, the Iranian oil minister said.
Oil&Gas
2016, March, 15, 19:00:00
AMERICAN ENERGY SECURITY
This is American energy security, American jobs, U.S. government revenue and American GDP tied up by political red tape. This is a once in a generation opportunity, stuck, off limits to future generations as it waits for forward-looking energy policy.
Oil&Gas
2016, March, 12, 11:35:00
U.S. RAISES GAS PRICES
Additional regulations on methane by the administration could discourage the shale energy revolution that has helped America lead the world in reducing emissions while significantly lowering the costs of energy to consumers. The administration is catering to environmental extremists at the expense of American consumers.
Oil&Gas
2016, March, 12, 11:25:00
U.S. RIGS DOWN 9
U.S. Rig Count is down 9 rigs from last week to 480, with oil rigs down 6 to 386, and gas rigs down 3 to 94. Canadian Rig Count is down 31 rigs from last week to 98, with oil rigs down 22 to 28, and gas rigs down 9 to 70.
Oil&Gas
2016, March, 12, 11:15:00
IRAN NEED TECHNOLOGY
“We need contracts, tenders and technology,” he said, describing Iran as a “garden” in need of nourishment. “Money for the Iranian economy is like water.”