Remember me | Forgot password
For full content view: Log in Now!
If I had been asked to write this commentary in late July instead of early November, I would have forecast a stable world with a steadily growing global economy and higher demand for hydrocarbons making 2009 another record year for the upstream oil and gas industry. After all, the E&P sector built momentum in the first three quarters of 2008. With high commodity prices, more drilling rigs were working globally than at any time since 1985, and operators were pursuing unconventional gas, heavy oil and deepwater subsalt plays, while applying all available technology to maximize production from existing fields. All the indicators pointed to continued investment by operators and uninterrupted growth for service companies.
But a lot has happened in the last three months. The US credit crisis sent shock waves through the global financial system. Equity markets for publicly traded companies have fallen substantially, following an erratic roller coaster of gains and losses.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Dana Point, CA - June 23-25
Qingdao - August 11-April 13
Montreal - August 11-15
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.