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Oil&Gas

Oil&Gas
2016, June, 19, 17:05:00

U.S. RIGS UP 10

U.S. Rig Count is up 10 rigs from last week to 424, with oil rigs up 9 to 337, gas rigs up 1 to 86, and miscellaneous rigs unchanged at 1. Canadian Rig Count is up 4 rigs from last week to 69, with oil rigs down 1 to 28, gas rigs up 4 to 40, and miscellaneous rigs up 1 to 1.

Oil&Gas
2016, June, 16, 18:25:00

U.S. THE STEEPEST CUTS

The oil and gas industry will cut $1 trillion from planned spending on exploration and development because of the slump in prices, leading to slower growth in production.

Oil&Gas
2016, June, 16, 18:20:00

U.S. NEED MORE MONEY

We need tax policies that encourage investment in America’s abundant energy resources. It is because of our industry’s investments that the U.S. is the number one producer of oil and natural gas in the world while leading other countries in lowering carbon and other emissions. The industry also invests billions in low- and zero-emissions technologies to continue to drive down greenhouse gas emissions. This model has proven that we can protect the environment, grow our economy, and save consumers on average $1300 in energy costs per year.

Oil&Gas
2016, June, 16, 17:55:00

SHELL & EXXON COMPETITION

“I want to create a world class investment case for Shell and our shareholders.”

Oil&Gas
2016, June, 16, 17:50:00

KASHAGAN: I'LL BE BACK

The Kashagan oilfield development project has been marred by delays and cost overruns. It first began producing in September 2013 but was halted two weeks later due to gas leaks.

Oil&Gas
2016, June, 14, 18:25:00

U.S. OIL PRODUCTION DOWN 118 TBD

U.S. oil production down 118 tbd, natural gas production down 476 mcfd.

Oil&Gas
2016, June, 14, 18:10:00

NORWEGIAN OIL & GAS DOWN BY $50 BLN

Last year, Norway’s derived half of its oil and gas revenue from production taxes, 43% from the government’s direct ownership in oil and gas assets, and 7% from dividends paid by Statoil ASA, in which the government has a 67% stake.

Oil&Gas
2016, June, 13, 20:30:00

IRAN & SWITZERLAND CONTRACT

The two companies signed the contracts after very difficult negotiations on Saturday evening. Managing Director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said the Swiss company will help his company to build a plant for production of the synthetic polymer ESBR, a strategic product used in the petrochemical industry and rubber manufacturing.

Oil&Gas
2016, June, 13, 20:10:00

IMF SELLS MONEY AGAIN

"Growth is expected to rebound in 2016, supported by exchange rate depreciation and accommodative monetary and fiscal policies, but uncertainty about oil prices, challenges in sustaining the global recovery, and elevated domestic vulnerabilities suggest risks to the outlook are tilted to the downside," the IMF said.

Oil&Gas
2016, June, 13, 20:00:00

U.S. RIGS UP 6

U.S. Rig Count is up 4 rigs from last week to 414, with oil rigs up 3 at 328, gas rigs up 3 to 85, and miscellaneous rigs unchanged at 1. Canadian Rig Count is up 24 rigs from last week to 65, with oil rigs up 16 to 29, gas rigs up 8 to 36.

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