Oil and gas explorers are expected to get a little leaner next year, but for those with good financials, potentially a bit meaner, Wood Mackenzie reports. The consultant group reported Continue Reading
State regulators in Texas said they issued 2 percent fewer oil and gas drilling permits in November than last year, though signs of recovery are emerging. The Railroad Commission of Continue Reading
Consultancy Wood Mackenzie has forecast a return to profitability for oil and gas exploration next year thanks to sharp cost reductions, but said drillers will avoid exploration geared toward over-supplied Continue Reading
More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the first Continue Reading
Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive Continue Reading
Crude traders expect the oil market to begin tightening and gradually move into deficit, but the shift is not forecast to occur much before the second half of 2017. The Continue Reading
Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become collateral damage in OPEC’s quest to trim a global glut of crude. So-called very large crude Continue Reading
The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion from the EIA’s latest Short-Term Continue Reading
Oilfield services spending for onshore shale will grow as a result of OPEC’s production cut, but offshore suppliers will struggle in 2017. The Organization of Petroleum Exporting Countries’ (OPEC) decision Continue Reading
Yes, it’s true. Middle East net oil exports are less than they were 40 years ago. How could this be? Just yesterday, Zerohedge released a news story stating that OPEC Continue Reading
