The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on […]
Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the coronavirus (COVID-19) and supply shock from the Russia-Saudi price war. Adrian Lara, Oil and Gas […]
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd is what OPEC+ countries are realistically able to […]
The Norwegian Petroleum Directorate (NPD) preliminary production figures for February 2020 show an average daily production of 2,106,000 barrels of oil, NGL and condensate, which is an increase of 129,000 barrels per day compared to […]
Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next 3 months. OPEC+ countries are locked and loaded to […]
The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by USD 100 billion in 2020 and another USD 150 billion in 2021 if oil prices remain […]
McDermott International, Inc. and its joint venture partners, Chiyoda International Corporation and Zachry Group, have announced that Train 3 of the Freeport LNG Liquefaction project on Quintana Island in Freeport, Texas, has reached the final […]
In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be the first assets to be […]
Light oil production in the United States is guided to grow by 8.1% year-on-year, according to Rystad Energy’s analysis of the latest shale E&P guidance, despite an expected decrease in capital expenditure, which is estimated […]
Sempra LNG, a subsidiary of Sempra Energy, has announced that Cameron LNG’s second train of the liquefaction-export infrastructure project in Hackberry, La., has begun commercial operations under Cameron LNG’s tolling agreements. “We are excited that […]
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