A recovery in oil output and exports helped Petrobras reverse three quarters of straight losses as the Brazilian producer emerges from two years of graft investigations and falling crude prices.
Noble Energy has continued to increase production and said it plans to sell more oil in the fourth quarter of the year. The rise is higher than previously expected, up from 405,000 barrels to 415,000 barrels of oil equivalent per day.
Share in TGS have been boosted by better than expected third quarter results. The seismic company has had to reduce costs as oil and gas companies have stripped back spending on exploration in a bid to deal with lower prices.
Data shows Japan’s cumulative installed capacity will rise from 317.5 Gigawatts (GW) last year to an estimated 389.8 GW by 2025. The jump represents a moderate compound annual growth rate (CAGR) of 1.9%, according to research and consulting firm GlobalData. The company said while thermal sources are likely to contribute to the majority of installed capacity other renewable sources, including hydropower, will more than double by the end of the forecasted period.
According to CanOils’ new report The Canadian Oil Sands Outlook 2015 the Canadian oil sands industry looks set to have capacity to produce over 3million barrels per day by the end of next year, with production likely to approach 2.5million bpd. Of these figures, a higher portion than ever will be controlled by non-Canadian operators, with the trend of greater influence year-on-year by internationally-held companies continuing into the coming year. Assuming all scheduled new projects and expansions actually come onstream by December 31, next year will see a 16.6% increase in overall production capacity compared with this year.