Argentina and China have respectively drilled more than 275 and 200 wells targeting shale plays over the past 2 years, providing each country with the potential to significantly increase production of shale gas and tight oil.
U.S. Rig Count is up 2 rigs from last week to 859, with oil rigs down 3 to 628, gas rigs up 5 to 228, and miscellaneous rigs unchanged at 3.
Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices.
Благодаря достигнутым производственным показателям и внешним факторам чистая прибыль Компании выросла почти в 3,5 раза и составила 891,7 млрд руб.
Выручка от реализации составила 1 288 млрд руб. (21 млрд долл. США). На фоне снижения мировых цен (-12% в рублевом выражении по отношению к 1 кв. 2014 г.) эффективное распределение ресурсов и использование высокомаржинальных каналов реализации позволили скомпенсировать снижение выручки, составившее 6,3% по отношению к 1 кв. 2014 г.
According to a recent report from Swift Worldwide Resources, over 150,000 jobs in the global oil and gas industry have been cut since oil prices began to tumble last summer.
US was keeping the European Union countries on a 'short leash' by forcing them to impose anti-Russia sanctions.
Iran produces about 2.7m barrels of oil a day. But a report by Wood Mackenzie, the energy consultancy, to be published on Thursday, says that it could add 600,000 b/d of crude production by the end of 2017, assuming that it strikes a nuclear deal with the US and EU that lifts sanctions.
Kuwait's oil minister said on Tuesday he expected oil prices to continue rising, predicting gains in the final quarter of 2015 on the back of global growth.
Pro-development policies could increase cumulative local, state, and federal government revenue by over $1 trillion and lower average annual household energy expenses by $360 by 2035, according to the study. A path of regulatory constraints would lead to a cumulative decrease of $500 billion in government revenue from 2016 to 2035 and an increase of $242 in average annual household energy costs.
Declines in oil and natural gas extraction and support employment tend to lag declines in crude oil prices. As prices of North Sea Brent crude oil fell from their June 2014 level of $112 per barrel, firms reduced the number of new wells drilled and the associated workforce. The count of drilling rigs in the United States, as measured by Baker Hughes, totaled 857 for the week ending June 19, 54% below the same point a year ago and the lowest level in nearly six years.
In terms of oil and gas reserves per capita, Qatar is still “well ahead” of the other major oil and gas producers with 83,600 barrels of oil equivalent in 2014.
Germany’s Wintershall agreed Thursday to sell stakes in several North Sea assets and fields to Tellus Petroleum for a combined $602 million.
Стороны подтвердили свое намерение создать совместное предприятие по добыче газа и конденсата на шельфе Венесуэлы в рамках проекта Марискаль Сукре. Подписанный документ предусматривает проведение дополнительных совместных исследований, направленных на выбор оптимальной схемы реализации данного проекта.
From June 2014 to May 2015, when the oil and gas prices as measured by the PPI fell by 49%, the PPI by industry classification showed the following changes: - Rates for drilling activities, which primarily represent service fees for contractors to drill oil and gas wells, declined by 19.6%. - Rates for support activities, which include the surveying, cementing, casing, and otherwise treating wells, declined by 1.4%. - The price of sands primarily used for hydraulic fracturing declined 12.5%.