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In August, Mexico’s National Hydrocarbons Commission delayed the date of its next deepwater auction by a month to January 2018 to give companies more time to study the acreage on offer. -
Consensus is growing around the idea that oil prices will fluctuate in the $45–60 bbl range, both in the short term and perhaps even for the long term.
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Last month, OPEC received another warning that the battle for market share in the global oil market was not over.
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Several recent studies have shown that there is no evidence that hydraulic fracturing in unconventional plays harms groundwater.
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Digitization in oil and gas is entering a new era thanks to the increased capabilities and lower cost of huge computing power
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Public and government concern over unconventional oil and gas production continues.
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Momentum is building for what is being called the “peak demand” theory—that before too long global oil demand will begin to fall.
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The 2-year downturn in oil prices has been a challenge for operators and service companies alike, but operators appear to have turned a corner, going by the most recent fourth-quarter earnings.
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Numerous reports suggest that the worst of the oil industry downturn is decidedly over, and that the outlook for renewed capital spending this year is positive. Some firms are even hiring again.
