Business/economics
Data centers could add up to 6 Bcf/D of US gas demand by 2030, creating a new opportunity for producers and reshaping how oil companies think about electricity supply.
The chair of the SPE Georgetown Section outlines how balanced, apolitical dialogue can support development amid rapid energy expansion.
This paper highlights the effects of tax credits on business operations for midstream companies in the Permian Basin.
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As the oil industry faces bankruptcies and shutdowns, a new analysis uncovers low inspection rates and almost no financial penalties—with a handful of exceptions. -
Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
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FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
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Penspen will also carry out engineering services on the Zirku Island plant.
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The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to.
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Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
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With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.
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So many unprecedented changes have occurred in the Canadian oil business that it is impossible to compare the current downturn to anything seen before.
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What will the landscape of this industry look like when the dust of the current price crash settles? The business will realign, as it always does. This may bring big changes to the future of technology development.
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The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.
