N.America
![N.America](/cache/2016/11/TESCO-9.08eeb61a.jpg)
2016, November, 22, 18:30:00
TESCO NET LOSS $97.8 MLN
Tesco reported a U.S. GAAP net loss of $22.1 million, or $(0.48) per share, for the third quarter ended September 30, 2016. Our adjusted net loss for the quarter was $17.3 million, or $(0.37) per share, excluding special items, consisting primarily of several charges related to inventory and restructuring costs. This compares to a U.S. GAAP net loss of $18.9 million, or $(0.47) per diluted share, in the second quarter of 2016, and a U.S. GAAP net loss of $19.9 million, or $(0.51) per diluted share, for the third quarter of 2015. Adjusted net loss in the second quarter of 2016 was $15.8 million, or $(0.39) per diluted share, and in the third quarter of 2015 was $12.5 million, or $(0.32) per diluted share.
![N.America](/cache/2016/11/USA-405.c1933ac0.jpg)
2016, November, 21, 18:40:00
U.S. OIL DEMAND UP
Domestic crude oil production in October was higher compared to the prior month, but was lower than the prior year, and the prior year to date. At an average of 8.6 million barrels per day, U.S. crude oil production in October decreased 8.0 percent from October 2015, but increased from September by 0.2 percent. October’s crude oil production was the third highest since 1985 and the second highest year to date in 31 years, since 1985.
![N.America](/cache/2016/11/USA-403.6cba64ec.jpg)
2016, November, 21, 18:30:00
U.S. RIGS UP 20
U.S. Rig Count is down 169 rigs from last year's count of 757, with oil rigs down 93, gas rigs down 77, and miscellaneous rigs up 1.
Canadian Rig Count is up 18 rigs from last year's count of 166, with oil rigs up 33 and gas rigs down 15.
![N.America](/cache/2016/11/USA-402.19ee6753.jpg)
2016, November, 15, 18:45:00
U.S. OIL&GAS PRODUCTION DOWN
U.S. oil production down 20 tbd, gas production down 94 mcfd.
![N.America](/cache/2016/11/PRICE-379.9c2e8cbb.jpg)
2016, November, 14, 18:45:00
A LITTLE HOPE PRICE
The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
![N.America](/cache/2016/11/USA-394.5984dfc0.jpg)
2016, November, 14, 18:30:00
U.S. RIGS DOWN 1
U.S. Rig Count is down 199 rigs from last year's count of 767, with oil rigs down 122, gas rigs down 78, and miscellaneous rigs up 1.
Canadian Rig Count is unchanged from last year's count of 176, with oil rigs up 21 and gas rigs down 21.
![N.America](/cache/2016/11/USA-393.0f3c9385.jpg)
2016, November, 11, 18:50:00
U.S. NEEDS ENERGY
“Eighty percent of voters support increased development of U.S. oil and natural gas resources including 71 percent of Democrats, 94 percent of Republicans and 76 percent of Independents,”
![N.America](/cache/2016/11/CONOCO-15.9cc864dc.jpg)
2016, November, 11, 18:35:00
CONOCO DIVESTS AMERICA
ConocoPhillips has set its 2017 capital expenditures guidance at $5 billion, down 4% compared with its 2016 guidance of $5.2 billion and less than half of its 2015 capex and investments that totaled $10.1 billion. The firm recently cut its 2016 capex from $5.5 million.
![N.America](/cache/2016/11/USA-391.ac44233f.jpg)
2016, November, 7, 18:50:00
U.S. DEFICIT $36.4 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $36.4 billion in September, down $4.0 billion from $40.5 billion in August, revised. September exports were $189.2 billion, $1.0 billion more than August exports. September imports were $225.6 billion, $3.0 billion less than August imports.
![N.America](/cache/2016/11/Mexico-15.79c771eb.jpg)
2016, November, 7, 18:40:00
MEXICO'S POTENTIAL: $415 BLN
After a decade of volatile GDP growth and steadily increasing gas and power demand, Mexico continues to progress toward an unbundling of the monopolies Pemex and CFE once held over its gas and power sectors. According to a recent study by Wood Mackenzie, these reforms have created the potential for approximately US$415 billion in investment over the next two decades as the country builds pipelines, develops a renewables market to meet clean energy targets, and sets the stage for M&A.
![N.America](/cache/2016/11/PRICE-346.bfd3d91f.jpg)
2016, November, 7, 18:35:00
WORLDWIDE RIG COUNT DOWN 466
The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584 counted in September 2016, and down 466 from the 2,086 counted in October 2015.
![N.America](/cache/2016/11/USA-403.6cba64ec.jpg)
2016, November, 7, 18:30:00
U.S. RIGS UP 12
U.S. Rig Count is down 202 rigs from last year's count of 771, with oil rigs down 122, gas rigs down 82, and miscellaneous rigs up 2.
Canadian Rig Count is down 31 rigs from last year's count of 185, with oil rigs down 3, gas rigs down 29, and miscellaneous rigs up 1.
![N.America](/cache/2016/10/USA-388.b3b60146.jpg)
2016, November, 2, 18:40:00
U.S. OIL WILL DOWN 800 TBD
Output in the U.S. will fall 800,000 barrels a day this year, Adam Sieminski, administrator for the EIA, said in an interview in Riyadh. That would be the first drop since 2008, data compiled by Bloomberg show. OPEC’s attempts to carry out an agreement on limiting production are still “very much up in the air,” he said.
![N.America](/cache/2016/10/TRANSCANADA-9.4aeff203.jpg)
2016, November, 2, 18:30:00
TRANSCANADA NET INCOME DOWN 48%
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced a net loss attributable to common shares for third quarter 2016 of $135 million or $0.17 per share compared to net income of $402 million or $0.57 per share for the same period in 2015. Third quarter 2016 results included a $656 million after-tax goodwill impairment charge related to our U.S. Northeast Power business. Excluding the net loss on the goodwill impairment and certain other specific items, comparable earnings for third quarter 2016 were $622 million or $0.78 per share compared to $440 million or $0.62 per share for the same period in 2015. TransCanada's Board of Directors also declared a quarterly dividend of $0.565 per common share for the quarter ending December 31, 2016, equivalent to $2.26 per common share on an annualized basis.
![N.America](/cache/2016/10/USA-384.eebedd6c.jpg)
2016, October, 31, 18:30:00
U.S. RIGS UP 4
U.S. Rig Count is down 218 rigs from last year's count of 775, with oil rigs down 137, gas rigs down 83, and miscellaneous rigs up 2.
Canadian Rig Count is down 38 rigs from last year's count of 191, with oil rigs down 11, gas rigs down 28, and miscellaneous rigs up 1.