5. OIL RIG COUNTS
http://boereport.com/2016/11/07/baker-hughes-announces-october-
2016-rig-counts/
Baker Hughes Incorporated (NYSE:BHI)
announced today that the international rig
count for October 2016 was 920, down 14
from the 934 counted in September 2016,
and down 191 from the 1,111 counted in
October 2015. The international offshore
rig count for October 2016 was 200, down
21 from the 221 counted in September
2016, and down 70 from the 270 counted
in October 2015.
The average U.S. rig count for October
2016 was 544, up 35 from the 509
counted in September 2016, and down
247 from the 791 counted in October
2015. The average Canadian rig count for
October 2016 was 156, up 15 from the
141 counted in September 2016, and
down 28 from the 184 counted in October
2015.
The worldwide rig count for October 2016
was 1,620, up 36 from the 1,584 counted
in September 2016, and down 466 from
the 2,086 counted in October 2015.
Source: http://www.oilvoice.com/
6. OIL AND NATURAL GAS PRICING
https://economics.bmocapitalmarkets.com/economics/goods/201610/goo
ds.pdf
10. CANADA OIL AND GAS PROJECTS
• Natural Resources Canada says it expects the $1.3-billion project to create
up to 3,000 jobs during construction. Source -
http://www.ctvnews.ca/business/ottawa-approves-1-3b-nova-natural-
gas-system-expansion-in-alberta-1.3139583
• Canadian Natural Resources is hitting the restart button on a thermal
oilsands project it suspended nearly two years ago, counting on lower costs
to shave $100 million from the original $1.45-billion price tag. The Calgary-
based company said Thursday it will move ahead with the half-built 40,000-
barrel-per-day Kirby North project, starting with a $28-million engineering
and procurement budget in 2017 that will focus on finding construction cost
savings. Source: Canadian Manufacturing
15. KEYSTONE PIPELINE
http://www.canadianmanufacturing.com/financing/t
rump-victory-breathes-new-life-keystone-xl-
pipeline-178632/
Gerald Butts Comments – Keystone
https://www.youtube.com/watch?v=zrdSC
KDR5-Y
• Justin Trudeau –Trudeau’s statement on
Trump’s win made no mention of
Keystone. Instead, the prime minister
said he looked forward to working
closely with Trump on issues such as
“trade, investment, and international
peace and security.” Democratic
candidate Hillary Clinton opposed the
Keystone project and once called
Canadian oil the continent’s “dirtiest
fuel.” Her victory would likely have
signified the death blow to the
controversial project.
• Trump called climate change a
hoaxTories also pushed Trudeau to
advocate for Keystone during his
historic U.S. state visit in March and
mocked the fact that Natural Resources
Minister Jim Carr was not among the
cabinet ministers invited to the event.