BHGE - U.S. Rig Count is down 10 rigs from last week to 1,006, with oil rigs down 8 to 816, gas rigs down 2 to 190, and miscellaneous rigs unchanged at 0.Canada Rig Count is down 17 rigs from last week to 88, with oil rigs down 14 to 35 and gas rigs down 3 to 53.

Oil prices rose about 1 percent on Friday, posting their biggest quarterly rise in a decade.

U.S. EIA - In January 2019, for the 21st consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in January 2019 was 2,746 billion cubic feet (Bcf), or 88.6 Bcf/d. This level was 10.7 Bcf/d (13.7%) higher than the January 2018 level of 77.9 Bcf/d.

Mr. Abdul-Mahdi gave high appraisal of LUKOIL's operations in the country and expressed support for the intention to deliver first production at Eridu field ahead of time.

WNN - The Nuclear Energy Leadership Act (NELA), bipartisan draft legislation which aims to accelerate the development of advanced nuclear technologies and re-establish US leadership in nuclear energy has been re-introduced to the US Senate.

WNN - The UK and the European Commission signed a contract extension today for the world’s largest fusion research facility, Joint European Torus (JET). The extension secures at least EUR100 million (USD112 million) in additional inward investment from the EU over the next two years and "brings reassurance" for the more than 500 staff at the site in Culham, near Oxford, the Department for Business, Energy & Industrial Strategy (BEIS) said.

CT - Provisional figures published by the UK Government on Thursday show that renewable energy sources generated a record amount of electricity in 2018, increasing by 11.8% over 2017 levels, led by a record year for wind energy generation which provided 17.1% of the UK’s electricity.

DS - Turkey's monthly liquefied natural gas (LNG) imports reached a historic record high at 2.34 billion cubic meters (bcm) in January 2019, according to Turkey's Energy Market Regulatory Authority (EMRA) data.

TASS - The share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040, Russia’s Energy Minister Alexander Novak said at the Krasnoyarsk Economic Forum on Friday.

ADNOC plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells, as it targets 4mn barrels of oil production capacity per day by the end of 2020 and 5mn by 2030

Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic.

“Россия как один из крупнейших поставщиков нефтепродуктов и угля в Ливан и в дальнейшем готова обеспечивать поставки энергоресурсов соответственно спросу. Значительный потенциал российско-ливанского взаимодействия в энергетике, в частности, сконцентрирован в нефтегазовом секторе”, - отметил глава Минэнерго России.

Россия стабильно экспортирует в Киргизию нефть и нефтепродукты в объемах, превышающих 1,1 млн тонн в год. По словам Президента России, прямой экономический эффект этих льготных беспошлинных поставок для киргизской экономики достигает порядка $2 млрд.

«Огромный потенциал сосредоточен в сегменте производства СПГ. Если сегодня доля СПГ составляет в мировой торговле 35%, к 2035 году она будет выше 50% и достигнет 70% к 2040 году.»

Aramco generated earnings before interest, tax and depreciation (EBITDA) of $224 billion in 2018, Fitch said on Monday, surpassing ExxonMobil, the world’s largest listed oil firm.

Russian gas producers Gazprom and RusGazDobycha will start a major gas processing and liquefaction project near the Baltic Sea port of Ust-Luga, Gazprom said on Friday.

Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.

Saudi Arabia plans to issue 118 billion riyals ($31.5 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office (DMO), part of the ministry of finance, said.

China has begun construction of the main structure of the 2.24-GW hydropower station on the Jinsha River, the upper section of the Yangtze River. The project is undertaken by China Huadian Corp., with a total investment of about 33.4 billion yuan (about 5 billion US dollars).

A research centre to support China's push for nuclear fusion power has been approved. It will be able to test large superconducting magnets and filters under operational conditions. The Institute of Plasma Physics of the Chinese Academy of Sciences said that having an integrated research facility for key systems of fusion reactors is "one of the major scientific engineering projects" in the Thirteenth Five-Year Plan.