Shell To Double Deepwater Production.?Shell’s?deepwater production could double,?to some 900,000 boe/d in 2020, compared with 450,000 boe/d in 2015, the super majorsaid this morning.?[Oilpro, Shell]
Oil Hits 2016 High On Ebbing Supply, Softer Dollar.?Oil prices hit their?highest in eight months on Tuesday,?buoyed by the dollar nearing one-month lows and by falling Nigerian oil output after a spate of attacks on infrastructure. [Reuters]
Baker Hughes Releases Latest Rig Counts.?Baker Hughes Inc. reported that?the international rig count?for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015. [Oilpro]
Saudi Arabia to Reduce Public-Sector Wages in Post-Oil Plan.?The Saudi government approved the?first of multiple blueprints?designed to reduce the kingdom’s reliance on oil after the plunge in crude prices. [Bloomberg, Oilpro]
Petrobras Faces Over $7 Billion In US Court Claims.?Petrobras faces a potentially knockout blow to its debilitated finances. The class action suit filed by Brazilian and foreign investors in the court of New York in December 2014 seeks claims?in excess of $ 7 billion?over losses from depreciated stocks they have purchased. [Oilpro]
32% Of UK O&G Firms ‘Planning More Job Cuts’ This Year.?A third of the UK’s oil and gas firms are?planning further job cuts?this year as a result of a slump in prices, according to a new survey. [Daily Mail, Oilpro]
Moody’s Downgrades Halliburton And Baker Hughes.?Moody’s Investors Service downgraded Halliburton Co.’s (HAL) senior unsecured debt rating to Baa1 from A2 and its short-term rating to P-2 from P-1,?concluding a review for downgrade,?which was initiated Oct. 27, 2015. The outlook is negative. [Oilpro]
Equatorial Guinea Launches Licensing Round.?Equatorial Guinea’s Ministry of Mines, Industry, and Energy (MMIE) launched the country’s?latest oil and gas blocks licensing round,?EG Ronda 2016, at the Africa Oil & Power conference. [Oilpro]
Inpex Begins Exploratory Drilling Offshore Japan.?Inpex Corp. has started?drilling operations?on an exploratory well offshore Shimane and Yamaguchi prefectures. [Oilpro]
Hydratight Wraps Up Pipeline Project.?Hydratight has completed an upgrade project ona section of subsea pipeline?on the North West Shelf of Western Australia. [Oilpro]
石油圈
