U.S. Rig Count is down 2 rigs from last week to 857, with oil rigs down 4 to 631, gas rigs up 2 to 223, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 1001 rigs from last year at 1858, with oil rigs down 914, gas rigs down 88, and miscellaneous rigs up 1. The U.S. Offshore rig count is 27, down 2 rigs from last week, and down 32 rigs year over year.
ОАО «НК «Роснефть» и BP в рамках Петербургского международного экономического форума подписали сегодня ряд соглашений, призванных укрепить долгосрочные стратегические отношения между компаниями.
ОАО «НК «Роснефть» и Китайская национальная химическая корпорация (China National Chemical Corporation, ChemChina) в рамках Петербургского международного экономического форума подписали прямой контракт на поставку нефти в адрес китайской компании.
ОАО «НК «Роснефть» и Total S.A. в рамках Петербургского международного экономического Форума подписали Соглашение, подтверждающее заключение Договора купли-продажи 16,67% эффективной доли в нефтеперабатывающем заводе в г. Шведт, Германия (PCK Raffinerie GmbH). Подписи под документом поставили Председатель Правления ОАО «НК «Роснефть» Игорь Сечин и Главный исполнительный директор Total S.A. Патрик Пуянне.
US Arctic oil and gas policies should recognize the industry’s extensive global Far North experience and technology, American Petroleum Institute officials said. “If we don’t use this knowledge, other Arctic nations will move to the forefront of energy development there,” API Upstream Operations Director Erik Milito told reporters at a June 12 briefing.
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said.
BP could be close to a $700 million deal with Russia’s Rosneft for a 20% stake in a Siberian oilfield, the company led by Igor Sechin further showed how national companies can cope with sanctions, maintaining ties with Western companies and progressively switching to Asian markets.
Large cuts in the energy industry have made news for the first two quarters of 2015. Halliburton cut 9,000 jobs in six months and reported a loss of $643 million in Q1 of 2015. Schlumberger reported even deeper cuts that tallied around 11,000 in efforts to reduce personnel employment 15 percent when compared to the third quarter of 2014.
Norwegian oil and gas company Statoil says it will lay off up to 1,500 staff and 500 consultants by the end of to slash costs.
"Uncertainty is the rule of the game in this industry," the head of France's Total Patrick Pouyanne said this month. "We are in the long-term business. This is why at Total we are keen to maintain our commitment to Russia."
Europe’s biggest oil groups are extending business deals with their Russian energy partners despite this month’s EU vote to continue imposing sanctions, highlighting how western companies are learning to live with the restrictions placed on Moscow.
China’s ambassador to the Philippines has suggested that the two countries sit down for talks on the most squeamish territorial dispute in Asia. The question of who controls the fishery-rich, 3.5 million-square-kilometer South China Sea, also full of oil and natural gas as well as major world shipping lanes, could proceed from military preparations to a calm negotiating room. The two governments – both unusually aggressive in asserting rival claims to the sea — might be able to work something out. The Philippines is talking now to Taiwan to agree on law enforcement in their own overlapping waters.
U.S. Rig Count is down 9 rigs from last week to 859, with oil rigs down 7 to 635, gas rigs down 1 to 221, and miscellaneous rigs down 1 to 3. U.S. Rig Count is down 995 rigs from last year at 1854, with oil rigs down 907, gas rigs down 89, and miscellaneous rigs up 1. The U.S. Offshore rig count is 29, up 2 rigs from last week, and down 30 rigs year over year.
According to Statistics Norway, total investments in oil and gas activity in 2016 should be NOK 184.9 billion, which is 1.4% higher than the corresponding estimate for 2015.
The expected decrease in shale oil production this summer is causing oil prices to rise. According to the Drilling Productivity report released June 8 by the Energy Information Administration, the government is calling for a 91,000 less barrels per day of shale oil in July. Oil prices seemingly rebounded after the data was released. This news comes on the heels of a decline in oil prices on June 8 due to the Chinese oil crisis concerning oversupply and less demand.