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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The announcement comes 7 months after the two received permission to begin the tendering process for the project offshore Nigeria, which is expected to carry a peak production of 225,000 BOPD by 2022. -
The Eagle Ford Shale has reclaimed its standing as one of the most attractive US onshore liquids basins, and for good reason. Does this mean more operators will seek to buy in to the play, and could further consolidation take hold following last year’s big deals?
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DCN will execute fabrication, installation, and precommissioning of various components for a gas export pipeline from two platforms in the Dutch North Sea.
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Teekay Offshore has agreed to a 3-year contract extension with Petrobras for the Piranema Spirit, an FPSO located in the Piranema field offshore Brazil. The agreement, which includes termination rights for Petrobras with 10 months’ advance notice, was signed in January but takes effect this month.
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DCN Diving has received a contract from Dana Petroleum to execute work offshore the Netherlands. Under the terms of the deal, DCN will perform the fabrication, installation, and precommissioning of various tie-in spools and a flanged connector for Dana’s DP-012 gas export pipeline.
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One of last year’s big stories in the industry was consolidation among several of the larger upstream operators. But deal activity has fallen off in recent months. Will things remain this quiet during the somewhat uncertain year ahead?
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A new report expects US producers to drill their highest number of wells since 2014, and that completion activity may exceed drilling for the first time since 2016.
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Late December/early January is the time of year when industry outlooks are announced, revealing company spending plans, oil price predictions, and potential stumbling blocks.
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Exxon Mobil is reorganizing and creating three new upstream companies and a global projects company.
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The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE.
