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
