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Business/economics

Oilfield Services Q3 Review: Promising Outlook After Tough Times

A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.

January 29, 2018 • Ryan Peacock • Oil and Gas Facilities
Drilling

ExxonMobil Plans to Triple Permian Output

The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.

January 29, 2018 • Matt Zborowski • Journal of Petroleum Technology
Business/economics

Majors to Feature Heavily in Global Upstream M&A Activity in 2018

With portfolios that in some cases look dramatically different from a few years ago, the majors now have the ability to think about long-term upstream growth through deal making.

January 29, 2018 • Matt Zborowski • Journal of Petroleum Technology
Sustainability

Video: Industry Innovation Boosts Local Communities

Tom Knode, director of health, safety, and environment for Athlon Solutions, discusses the oil and gas industry’s power to build sustainable communities and improve the lives of people in areas of operation.

January 30, 2018 • HSE Now
Safety

SPE, BHGE Team Up To Share Safety Incident Lessons

SPE partnered with Baker Hughes, a GE company, in December to hold a session for sharing lessons learned regarding a significant safety incident during the dewatering phase of precommissioning a newly constructed, underwater pipeline.

January 28, 2018 • Roland Moreau • HSE Now
Reservoir characterization

In Search of Data-Driven Oilfield Reality

Many startup companies promote the wonders of analytics but few can ensure that the methods used and data generated live up to the hype.

January 28, 2018 • Stephen Rassenfoss • Journal of Petroleum Technology
Business/economics

Another Outlook for Industry Predicts Healthy 2018

The global oil industry is positioned for stronger performance, reflecting the financial discipline and cost-cutting innovation driven by several years of low oil prices and the likely prospect of more stable market conditions.

January 28, 2018 • Joel Parshall • Journal of Petroleum Technology
Business/economics

Service Companies Encouraged by Pickup in Business

Full-year 2017 and fourth-quarter financial results show an improving picture for the industry’s three largest oilfield services companies. After 3-plus years of cutbacks, the service sector outlook has turned relatively positive.

January 29, 2018 • Joel Parshall • Journal of Petroleum Technology
Exploration/discoveries

North Sea Discoveries Highlight Rebound in the Slumbering Sea

BP announced two North Sea discoveries, adding to signs of a revival in play that was looking old, tired, and overpriced a couple years ago.

January 31, 2018 • Stephen Rassenfoss • Journal of Petroleum Technology
Business/economics

E&Ps Hedging Production To Support Cash Flow and Returns Goals

Facing increased pressure to deliver neutral cash flows and stronger corporate returns, North American E&P companies hedged more oil and gas production than usual heading into 2018.

January 30, 2018 • Stephen Whitfield • Journal of Petroleum Technology

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