UK, Scotland: The North Sea Ain’t Done Yet
UK and Scottish government representatives see a bright future. The North Sea oil and gas industry isn’t done yet, that’s the message UK and Scottish government representatives want to get Continue Reading
Oil dips from highs, but OPEC’s cuts still support market
Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in Continue Reading
Brent Hits Two-Year High as Shrinking Stockpiles Stoke Oil Bulls
North Sea oil pipe expected to resume shipments next month U.S. crude inventories at lowest level since October 2015 Brent crude closed at its highest in more than two years Continue Reading
Oil little changed despite planned restart of UK North Sea pipe
Oil prices were little changed on Thursday, erasing earlier losses after the operator of Britain’s Forties pipeline in the North Sea said it was expected to restart in early January Continue Reading
Wrapping Up a Year of Oil Price Predictions
Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions. Predicting the Continue Reading
What Happened to Peak Oil?
I was first introduced to the concept of “peak oil” 15 years ago. It was a simple theory: Oil is a finite resource. At some point in time, the world’s Continue Reading
What Will Drive The Next Oil Price Crash?
As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production Continue Reading
The Top 8 Unknowns In 2018’s Energy Markets
For pundits like me, it’s customary to make a listicle about the year to come – the usual predictions about things like OPEC, energy consumption, commodity prices and electric vehicle Continue Reading
All-time low for discovered resources in 2017: Around 7 billion barrels of oil equivalent was discovered
Rystad Energy concluded this week that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent has been discovered YTD. Continue Reading
Oil Discoveries At Lowest Point Since The 1940s
The global oil industry has discovered less than seven billion barrels of oil equivalent so far this year—a drop-off from the 8 billion boe discovered last year. Last year’s total Continue Reading