Oil & Gas Journal Archive
- Barclays: Global recovery of upstream spending remains intact
- WoodMac: Upstream companies shift to ‘thrive’ in 2018
- World Bank to stop upstream oil and gas financing after 2019
- MARKET WATCH: Brent, NYMEX crude prices drop
- Cenovus budgets for more cost, payroll cuts
- EIA STEO: Global liquids supply to rise 2.1 million b/d in 2018
- Atlantic Coast Pipeline gets Virginia water permit, but with delay
- OPEC production fell in November from October
- MARKET WATCH: Crude prices drop after brief rally on Forties news
- US House bills introduced aimed at easing LNG exports
- PSA: Eni Norge can restore Goliat production
- BKV to buy more Marcellus shale assets
- Eclipse buying Pennsylvania interests
- Fire shutters unit at IOC’s Paradip refinery
- MARKET WATCH: Brent crude settles above $64/bbl on Forties fracture
Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive in a low-price environment.
Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey.
The US Environmental Protection Agency met its statutory deadline as it announced final biofuel quotas for fiscal 2018 and biomass-based diesel quotas for 2019 that were only slightly different from those proposed earlier this year.
The Australian Petroleum Production & Exploration Association has elected Zoe Yujnovich as its board chair following the organisation’s 2017 annual general meeting in Perth.
US security goals based on crude oil import disruptions in the 1970s and ‘80s need to be reconfigured to reflect the country’s improved oil and gas outlook resulting from the burst of unconventional exploration and development since 2005, speakers said during a Nov. 30 discussion at Resources for the Future.