Goldman Sachs lowers 2020 US oil growth outlook
Highlights Goldman lowers 1 million b/d 2020 forecast to 700,000 b/d US November shale output to grow by 1.14 million b/d on the year: EIA Permian to account for 116% Continue Reading
Peak Shale: How US oil output went from explosive to sluggish
America’s shale boom got the world accustomed to soaring production. Now growth has slowed, and a cloud has formed over the industry. Hydraulic fracturing pushed the U.S. closer to its Continue Reading
Russia Predicts The Death Of U.S. Shale
U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday. We see that Continue Reading
Halliburton Plans Cost Cuts as 3Q Revenue Dips
The oilfield services company vows to “streamline operations” in the fourth quarter to generate $300 million in cost savings. Halliburton Company intends to cut costs to the tune of $300 Continue Reading
Schlumberger Reassessing North America Land Strategy
Oilfield services giant Schlumberger is kicking off a strategic review of its North American land market business in the wake of weak regional performance during the third quarter. The review Continue Reading
Goldman Sachs lowers forecast 2020 U.S. shale oil output growth
Goldman Sachs wound back its forecast for growth in U.S. shale output in 2020, and slightly reduced its outlook for 2020 global oil demand growth. The brokerage said it expects Continue Reading
Oilfield Services Face Crisis As Shale Slowdown Worsens
The first and third-largest oilfield service companies in the world saw their earnings hit in the third quarter due to the slowdown in U.S. shale drilling. Schlumberger took a $12.7 Continue Reading
Conventional Discovery Shortfall Demands Well Diversity
“Conventional wells not being drilled now won’t be producing later on.” Over the past decade, the U.S. oil and gas sector has emphasized developing short-cycle-time unconventional projects rather than wildcat Continue Reading
Halliburton Posts Weaker Earnings as North America Business Slumps
Oil-field services company Halliburton Co. posted weaker quarterly earnings Monday as revenue in the company’s North America business slumped, but cost cuts and a better-than-expected outlook pushed shares higher. Companies Continue Reading
The Best Way To Invest In Modern Day Oil Exploration
Although modern oil companies operate in a very different world from that of the villainous oil baron JR Ewing, the fictional Texan character can still offer investors some inspiration or Continue Reading