In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore Continue Reading
This edition of the Short-Term Energy Outlook is the first to include forecasts for 2021. EIA forecasts Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b Continue Reading
Slowing U.S. crude oil production growth will likely lead to a new wave of consolidation across the U.S. shale patch, where the big players will acquire the ‘smaller guys’, shale Continue Reading
Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event? (Bloomberg) — Such is the extent of the shakeout Continue Reading
Since taking flight in 2008, the American shale oil revolution has probably been the biggest energy story since the end of World War II. U.S. crude oil production has leaped Continue Reading
In December 2019, American oil major Chevron announced a major write-down of some $11 billion in the value of its assets, including its gas holdings in the Appalachia region, a Continue Reading
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as Continue Reading
Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters. “Non-OPEC Continue Reading
Summary of Weekly Petroleum Data for the week ending January 3, 2020 U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 3, 2020, Continue Reading
2020 is starting off with two weeks of rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 15 rigs for the week. The Continue Reading
