Sustained low oil price subdues deepwater spend 2016-20

Low oil prices will continue to impact deepwater capital expenditure (capex) over the next 5 years. Industry headlines have been dominated for the past 12 months by implications of the sustained downturn and operators have responded by announcing widespread redundancies, reducing budgets, and deferring new projects. Source: News

Sustained low oil price subdues deepwater spend 2016-20

Low oil prices will continue to impact deepwater capital expenditure (capex) over the next 5 years. Industry headlines have been dominated for the past 12 months by implications of the sustained downturn and operators have responded by announcing widespread redundancies, reducing budgets, and deferring new projects. Source: News

Regional reserves growth shows decline in annual rate of increase

Recoverable reserves of hydrocarbon liquids will grow 614 billion bbl from 2014 to 2044. Natural gas reserves will increase 87 trillion cu m (tcm) in the same 30-year period. This estimate results from a new region-specific model for assessing global reserve growth. Source: News

Regional reserves growth shows decline in annual rate of increase

Recoverable reserves of hydrocarbon liquids will grow 614 billion bbl from 2014 to 2044. Natural gas reserves will increase 87 trillion cu m (tcm) in the same 30-year period. This estimate results from a new region-specific model for assessing global reserve growth. Source: News

Will oil and gas matter in 2016?

The question was inevitable. The American Petroleum Institute had just released results on June 21 of the latest telephone survey it commissioned, which found most US voters support more US oil and gas development and are more likely to back a candidate who shares that view. Source: News

Oil tanker freight-rate volatility increases

Factors that can either increase demand for tankers or lead to excess supply will clash for the balance of 2016, leading to great fluctuations in oil tanker freight rates.  Source: News