Royal Dutch Shell will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts.
Cenovus Energy is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet.
Oil prices will recover as early as the first half of this year as producers cut back, Continental Resources Inc. founder and CEO Harold Hamm said Wednesday.
BG Group has signed a global alliance with KBR enhancing the company’s capacity to deliver commercially attractive oil and gas projects around the world.
China is poised to maintain its commercial hoard of more than 200 MMbbl of crude within three years even if oil rallies toward $130/bbl.
GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions.
Injection pressures of proppant-laden slurry and proppant-free spacer, using a pulsing approach, were found to be significantly lower than those applied with conventional hydraulic fracturing treatments.
Often a regulatory requirement, contingency plans for an accidental subsea release or blowout require advanced engineering analysis to understand the potential magnitude and consequences, and the use of a containment system.
As the offshore drilling industry continues to move into more challenging environments, well control is becoming increasingly critical.
The year 2014 has been a period of not only great profitability for the global upstream industry but also a time of considerable volatility.
Numbers help to explain Saudi mindset on global production
Don’t turn off the lights; the party ain’t over!
U.S. Natural Gas (Henry Hub): $2.873West Texas Intermediate: $44.34Brent Blend: $48.49
U.S.: 9.057 MMbpd (November 2014)
World: 91.76 MMbpd (November 2014)
Connecting marketers to the World Oil audience What is this?
World Oil TechTalk allows marketers to connect directly with the World Oil audience by enabling them to create content and participate in the conversation on the World Oil website. Each TechTalk article is produced by the marketer. More on TechTalk here.
Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
Connect with World Oil
Sign-up for World Oil Daily News