Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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Fossil fuels will probably be at the forefront of energy and environmental policy under the new Trump Administration, says Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, at a talk hosted by the Norwegian Consulate General in Houston. -
US drilling and completion companies that were slashing workforces and cannibalizing pumping trucks for parts 6 months ago are now hiring crews and repairing equipment to meet rising demand.
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Despite a turbulent time for most offshore sectors over the past 2 years, Douglas-Westwood’s latest analysis from the World Offshore Helicopters Market Forecast 2017–2021 projects USD 18 billion in oil- and gas-related expenditure over the next 5 years.
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As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook.
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A recently opened plant in Wharton marks the first small-scale commercial gas-to-liquids project in the state of Texas.
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Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
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This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
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Many column inches are filled with discussion of how companies need to operate in the lower-for-longer market that the upstream oil and gas industry continues to face.
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Governments, companies, service providers, and many other stakeholders in the industry have realized the oil-price outlook may remain low for longer than expected and the need to plan accordingly.
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Surplus production in the oil markets is likely to grow in 2017, and long-term oil prices will track with costs and not revert to the margin-inflated patterns of the shale boom.
