2016, June, 22, 18:30:00THREE MAIN PLAYERS
"We believe that the (function of) regulation has moved to three main players, which are the United States, Saudi Arabia and Russia," he said.
2016, June, 20, 18:00:00CANADA'S HOPE PRICE: $2 BLN
Since January, nearly $2 billion has been raised by Canadian non-oilsands producers on equity markets, but most of it has been geared to paying down debt or funding acquisitions, not for drilling new wells
2016, June, 19, 17:05:00U.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.
2016, June, 16, 18:25:00U.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.
2016, June, 16, 18:20:00U.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.
2016, June, 14, 18:25:00U.S. OIL PRODUCTION DOWN 118 TBD
U.S. oil production down 118 tbd, natural gas production down 476 mcfd.
2016, June, 13, 20:10:00IMF 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.
2016, June, 13, 20:00:00U.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.
2016, June, 9, 18:40:00BP: TIME OF CHANGES
In 2015 global demand for primary energy grew by only 1%, significantly slower than the 10-year average. This reflected continued weakness in the global economy and lower growth in Chinese energy consumption as the country shifts from an industrial to a service-driven economy.
2016, June, 9, 18:30:00TESCO NEED MONEY
Tesco Corporation (the "Company") (NASDAQ: TESO) today announced that it has priced its underwritten public offering of 7,000,000 common shares of the Company at a price to the public of $7.00 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares at the offering price (less the underwriting discounts). The Company expects to close the sale of the common shares on June 14, 2016, subject to customary closing conditions.
2016, June, 7, 18:50:00U.S. BANKRUPTCY & BUBBLES
This arguably should have benefited the U.S. economy because lower gasoline prices aid consumers by lowering their fixed expenses. But the pain of investment losses largely outweighed the positive effects as investors from Main Street to pensions and foundations lent piles of money to speculative energy companies that looked increasingly fragile.
2016, June, 6, 18:30:00U.S. RIGS UP 4
U.S. Rig Count is up 4 rigs from last week to 408, with oil rigs up 9 at 325, gas rigs down 5 to 82, and miscellaneous rigs unchanged at 1. Canadian Rig Count is down 2 rigs from last week to 41, with oil rigs down 1 to 13, gas rigs unchanged at 28, and miscellaneous rigs down 1 at 0.
2016, June, 3, 19:25:00U.S. WANT YOUR MONEY AGAIN - 2
Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling to maintain operations and repay debt.
2016, June, 3, 19:20:00U.S. OIL PRODUCTION DOWN 5.4%
US crude oil production in March averaged 9.127 million b/d, down from 9.133 million b/d in February and 9.648 million b/d in March 2015.
2016, May, 30, 18:00:00U.S. RIGS UNCHANGED
U.S. Rig Count is unchanged from last week at 404, with oil rigs down 2 to 316, gas rigs up 2 to 87, and miscellaneous rigs unchanged at 1. Canadian Rig Count is down 1 rig from last week to 43, with oil rigs down 2 to 14, gas rigs up 1 to 28, and miscellaneous rigs unchanged at 1.