Business/economics
The latest energy survey by the US Federal Reserve Bank of Dallas once again reflected the direct impacts of the now 7-month conflict between the US and Iran. Oil and gas executives were queried on a range of topics that included the state of the US Strategic Petroleum Reserve (SPR), Persian Gulf crude exports, and the direction of oil prices.
After years of market shocks, technological breakthroughs, and rising uncertainty, ATCE 2026 will provide new insights on how industry leaders and technical experts are preparing for the next era of the upstream business.
This guest editorial examines why geothermal projects require a different planning, financing, and development approach than traditional oil and gas projects.
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Texas Railroad commissioners recognize the battering Texas oil companies, and their workers, are taking, but will continue considering their options until 5 May. -
Nymex WTI crude opened Monday on track for its worst day on record, falling nearly 40% to $11.05/bbl on the back of excess supply vs. low demand and dwindling storage capacity.
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The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.
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Halliburton and Schlumberger write-off billions in asset value and signal that more job cuts are coming during the second quarter.
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It has now been nearly 3 months since the one-two punches of an unprecedented modern-day pandemic and a free fall in oil prices due to the oversupply of oil resulting from a tremendous, sudden drop in demand.
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SubseaIntel will provide an overview of its upgrades over the next 3 months.
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Shut-ins and planned production cuts have not affected crude prices, say industry experts.“It’s like trying to explain something that is unprecedented and seemingly unreal."
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A new report shows that the worst of the ongoing downturn may be soon over. A gradual recovery to global oil markets is expected to begin in the next few weeks.
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The planned JV is for one of three LNG terminals GCL is planning to build in China.
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The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.
