Oil
![Oil](/cache/10-19/SANTOS-10.844ff907.jpg)
2019, October, 14, 13:30:00
SANTOS, CONOCOPHILLIPS ACQUISITION $1.39 BLN
Acquisition of ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a
$75 million contingent payment subject to FID on Barossa
![Oil](/cache/10-19/RIG-131.c38b4f25.jpg)
2019, October, 14, 13:25:00
U.S. RIGS UP 1 TO 856
U.S. Rig Count is up 1 rig from last week to 856, Canada Rig Count is up 2 rigs from last week to 146
![Oil](/cache/10-19/PRICE-232.f91df6a6.jpg)
2019, October, 11, 12:15:00
OIL PRICE: NEAR $60
Brent rose as much as 2.3% to $60.46 a barrel and were at $60.13 per barrel, WTI rose as much as 2.1% to $54.69 a barrel and were at $54.47 per barrel, up 92 cents.
![Oil](/cache/10-19/RUSSIA-422.4de74b3d.jpg)
2019, October, 11, 11:55:00
UAE, RUSSIA AGREEMENTS
During the visit, 15 agreements in the fields of nuclear power, oil and environment will be signed to develop co-operation and a comprehensive strategic partnership, as well as opening new horizons for joint action in various sectors.
![Oil](/cache/10-19/SAUDI-139.4f5fcd9e.jpg)
2019, October, 11, 11:45:00
SAUDI ARAMCO IPO: $100 BLN
With an oil production capacity of about 12mn b/d and posting a profit of $46.9bn in the first half of 2019, Aramco is betting institutional investors will rush to buy the 5% stake set to be sold by the Saudi government.
![Oil](/cache/10-19/NOVATEK-49.d66e4ab1.jpg)
2019, October, 11, 11:40:00
NOVATEK'S PRODUCTION +5.2%
In the third quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 7.2 million boe, or by 5.2% as compared with the third quarter 2018.
![Oil](/cache/10-19/NIGERIA-39.77cb5819.jpg)
2019, October, 11, 11:35:00
NIGERIA'S OIL PRODUCTION 1.774 MBD
Nigeria's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OPEC meeting in July,
![Oil](/cache/10-19/nigeria-40.a50e82cc.jpg)
2019, October, 11, 11:30:00
NIGERIA WANTS $62 BLN
Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
![Oil](/cache/10-19/nigeria-41.4c404ea4.jpg)
2019, October, 11, 11:25:00
NIGERIA'S GDP UP 2.3%
Growth is expected to pick up to 2.3 percent this year on the strength of a continuing recovery in the oil sector and the regaining of momentum in agriculture following a good harvest.
![Oil](/cache/10-19/HALLIBURTON-44.1a9a6f58.jpg)
2019, October, 11, 11:10:00
HALLIBURTON CUTTING 650 U.S. JOBS
U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.
![Oil](/cache/10-19/PRICE-231.6913de8b.jpg)
2019, October, 9, 13:30:00
OIL PRICE: NEAR $58 AGAIN
Brent was down 9 cents at $58.15 a barrel, West Texas Intermediate was at $52.55, down 8 cents.
![Oil](/cache/10-19/PRICE-228.bbb8c2fe.jpg)
2019, October, 9, 13:20:00
OIL PRICES 2019-20: $59-$57
EIA forecasts Brent spot prices will average $59/b in the fourth quarter of 2019 and then fall to $57/b by the second quarter of 2020,
![Oil](/cache/10-19/TURKEY-74.1aa0e80f.jpg)
2019, October, 9, 12:55:00
TURKEY'S FUND INVESTMENT: ENERGY
Plans for the Turkish Wealth Fund (TVF) to take part in investments in the energy sector were highlighted in the New Economy Program (NEP), which covers the period 2020-2022, and will be implemented under the main theme of "Change Begins."
![Oil](/cache/10-19/PRICE-227.e84eff3c.jpg)
2019, October, 7, 13:35:00
OIL PRICE: NEAR $58 ANEW
Brent rose 34 cents or 0.6% to $58.71 a barrel, WTI was at $53.16, up 35 cents or 0.7%.
![Oil](/cache/10-19/NORWAY-254.51c22731.jpg)
2019, October, 7, 12:45:00
THE NEW NORWAY'S OIL
Nine years after the field was proven, production commenced on Saturday from the North Sea giant, Johan Sverdrup. 24/7, for the next 40 years, oil from this field will secure substantial revenues for Norway.