Following Barclays’ downward revisions to its 2016 global and regional exploration and production spending outlook, another investment bank, Cowen & Co., revised lower its E&P spending forecasts last published in January. Source: News
Cowen: Global, N. American E&P spending fall revised downward
Following Barclays’ downward revisions to its 2016 global and regional exploration and production spending outlook, another investment bank, Cowen & Co., revised lower its E&P spending forecasts last published in January. Source: News
Kazakhstan advances refinery modernization projects
Kazakhstan’s state-owned KazMunaiGas (KMG), through a contractor, has let a contract to Ergil Group, Istanbul, to supply equipment for the second phase of the $2.9-billion revamp of its 5 million-tonne/year refinery Atyrau, Kazakhstan. Source: News
Kazakhstan advances refinery modernization projects
Kazakhstan’s state-owned KazMunaiGas (KMG), through a contractor, has let a contract to Ergil Group, Istanbul, to supply equipment for the second phase of the $2.9-billion revamp of its 5 million-tonne/year refinery Atyrau, Kazakhstan. Source: News
EIA: Latest STEO forecasts oil market balancing in 2017
Global inventory builds of petroleum and other liquid fuels will average 900,000 b/d in 2016, slowing down from 1.9 million b/d in 2015, according to the July Short-Term Energy Outlook from the US Energy Information Administration. EIA also expects the market to reach balance in 2017, with inventory draws during the second half of the […]
EIA: Latest STEO forecasts oil market balancing in 2017
Global inventory builds of petroleum and other liquid fuels will average 900,000 b/d in 2016, slowing down from 1.9 million b/d in 2015, according to the July Short-Term Energy Outlook from the US Energy Information Administration. EIA also expects the market to reach balance in 2017, with inventory draws during the second half of the […]
Alberta adds incentives to royalty reform
The government of Alberta has added incentives for enhanced recovery and “emerging resources” to its oil and gas royalty reforms. Source: News
Alberta adds incentives to royalty reform
The government of Alberta has added incentives for enhanced recovery and “emerging resources” to its oil and gas royalty reforms. Source: News
Production begins from Cidade de Saquarema FPSO at Lula field
Petroleo Brasilierio SA (Petrobras) started oil and gas production on July 7 from the Cidade de Saquarema floating production, storage, and offloading unit as part of the Lula Central project in the presalt Santos basin. Source: News
Production begins from Cidade de Saquarema FPSO at Lula field
Petroleo Brasilierio SA (Petrobras) started oil and gas production on July 7 from the Cidade de Saquarema floating production, storage, and offloading unit as part of the Lula Central project in the presalt Santos basin. Source: News