2017, July, 21, 08:45:00EXXON LEAVES INDONESIA
ExxonMobil Corp. has decided to walk away from development of the East Natuna natural gas permit in Indonesia saying it no longer wishes to continue discussions or activity in the block.
2017, July, 19, 15:00:00U.S. OIL&GAS PRODUCTION WILL UP
Crude oil production from the seven major US onshore regions is projected to rise 113,000 b/d month-over-month in August to 5.585 million b/d.
2017, July, 19, 14:55:00U.S. GLOBAL LEADERSHIP
While US demand for gas is rising because of higher industrial consumption, more than half of the production increase will be used for LNG for export. By 2022, IEA estimates that the US will be on course to challenge Australia and Qatar for global leadership among LNG exporters.
2017, July, 19, 14:50:00RUSSIA SANCTIONS ANEW
Proposed new US sanctions on Russia approved by the Senate could have “unintended consequences”, hitting US jobs and oil and gas projects around the world, the industry has warned.
2017, July, 19, 14:45:00MEXICO BECOMES BIGGER
US Energy Sec. Rick Perry observed, “History teaches us that the world is not stagnant. Mexico had one of its biggest natural gas discoveries in history last week. I’ve just returned from talks with government leaders there, and I believe Mexico will become an even bigger oil and gas supplier as we go about building this new North American energy partnership.”
2017, July, 19, 14:40:00CANADA'S ECONOMY UP 4%
IMF: Canada’s economy expanded at an annual pace of nearly 4 percent in the first quarter of 2017—the fastest growth rate among the Group of 7 countries. With the economy’s adjustment to lower oil prices almost complete, growth is expected to accelerate to 2.5 percent this year, up from 1.5 percent in 2016.
2017, July, 10, 12:15:00RUSSIAN OIL PRODUCTION DOWN 0.6%
The energy ministry is forecasting that crude production in Russia will fall by 0.6% year on year to 549.1 million mt, or 11.027 million b/d on average, in 2017 on the extension of the output cut deal.
2017, July, 10, 12:10:00RUSSIA FINANCES U.S.
“If you connect the dots, it is clear that Russia is funding US environmental groups in an effort to suppress our domestic oil and gas industry, specifically hydraulic fracturing,” Committee Chairman LaMar Smith (Tex.) said on July 7 as he released a letter he and Energy Subcommittee Chairman Randy Weber (Tex.) sent to Mnuchin.
2017, July, 10, 12:05:00INDIA BUYS U.S. OIL
India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.
2017, July, 10, 12:01:00U.S. RIGS UP 12 TO 952
U.S. Rig Count is up 512 rigs from last year's count of 440, with oil rigs up 412, gas rigs up 101, and miscellaneous rigs down 1 to 0. Canadian Rig Count is up 94 rigs from last year's count of 81, with oil rigs up 68, gas rigs up 27, and miscellaneous rigs down 1 to 0.
2017, July, 7, 07:55:00GAZPROM UP 12%
"Our gas in Europe sees increasing demand. Gas export pipeline Nord Stream is in demand by more than 100%. On certain days at the last fall/winter season, the flow stood at 111% of its capacity," Miller said.
2017, July, 7, 07:50:00U.S. DEFICIT $46.5 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 $46.5 billion in May, down $1.1 billion from $47.6 billion in April, revised. May exports were $192.0 billion, $0.9 billion more than April exports. May imports were $238.5 billion, $0.2 billion less than April imports.
2017, July, 7, 07:35:00VIETNAM - INDIAN DEAL
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.
2017, June, 21, 11:25:00BP ENERGY REVIEW
Bob Dudley, BP group chief executive, said: “Global energy markets are in transition. The longer-term trends we can see in this data are changing the patterns of demand and the mix of supply as the world works to meet the challenge of supplying the energy it needs while also reducing carbon emissions. At the same time markets are responding to shorter-run run factors, most notably the oversupply that has weighed on oil prices for the past three years."
2017, June, 8, 17:30:00WORLDWIDE RIG COUNT UP 18 TO 1,935
The worldwide rig count for May 2017 was 1,935, up 18 from the 1,917 counted in April 2017, and up 530 from the 1,405 counted in May 2016.