Forecast ///

Schlumberger's $14.8-billion Cameron purchase could inspire more deals

Schlumberger Ltd.’s takeover of Cameron International Corp. could inspire more dealmaking.

Oil industry needs to find half a trillion dollars to survive

At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.

Global energy deals now surpass dawn of oil ‘supermajors’ era

If there was any question over whether this year’s oil crash would give rise to a new era of energy megadeals, there isn’t anymore.

Ecuador reveals financial stress inside OPEC

Ecuador has revealed the financial stress inside OPEC created by low oil prices, becoming the first member of the group to say it’s pumping at a loss.

Argentina plays by its own rules with oil at $77

Oil at $77? It is in Argentina. Oil has plummeted below $39/bbl in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world.

Norway’s Oil Minister says crude price at $40 can’t last

Crude at $40/bbl is unsustainable and prices will have to rise as supply drops out of the market, according to Norway’s Oil Minister.

Mexico hedges 2016 oil exports at average of $49/bbl

Mexico’s government hedged oil exports for next year at an average $49 a barrel, locking in protection against low crude prices, the nation’s Finance Ministry said.

Russia sales outlook worst in BRIC markets on oil

Russia is the standout these days among the biggest emerging markets, but for all the wrong reasons.

Alaska has clear path forward on natural gas, states ACCF's new paper

Alaska's best path towards boosting short and long-term economic growth is to set forth a coherent set of policies that center around the exploration and development of the state's abundant natural gas resources, according to a new paper by the American Council for Capital Formation (ACCF).

Natural gas futures climb as hot weather to stoke power demand

Natural gas futures advanced as forecasts for unusually hot weather signaled increased demand for the power-plant fuel, limiting supply gains.

Oil rises from six-month low as China imports climb to record

Oil advanced from the lowest closing level in six months in London, as China imported recorded volumes of crude and some OPEC members discussed the possibility of an emergency meeting.

Mexico places hopes in reform to boost oil and gas production

Mauro Nogarin, Contributing Editor

Less than a year after the enactment of Mexico’s new energy reform law, which was promulgated in June 2014, the Director General of national oil company Pemex, Emilio Lozaya, announced significant new oil and gas discoveries in the country.

Canadian E&P striving for economic recovery

Robert Curran, Contributing Editor

In response to the prolonged oil slump, operators have slashed spending, postponed large-scale projects and laid off staff. Canada’s industry associations have downgraded their 2015 forecasts, as well.

Operators take shelter from the oil price storm

Kurt Abraham, World Oil

Although this year’s major upstream downturn is inflicting considerable pain on producers and equipment/service companies, alike, it also is stimulating additional technical creativity and progress across all disciplines of the North American industry.

YPF profit climbs, output increases

YPF SA, Argentina’s state-run oil producer, posted second-quarter earnings that exceeded expectations as it increased output and sold crude at a premium to international prices.

Mexico pipeline boom fueled by Texas drillers

Tumbling crude prices have damped prospects that the Mexican oil-drilling laws adopted last year will spur an investment boom. Instead it’s the surge in gas-pipeline construction that’s attracting foreign capital, expanding the market for U.S. gas producers and meeting growing demand from Mexican manufacturers and power plants.

Oil CEOs’ grim outlook rubs off on speculators fleeing market

The world’s biggest oil companies are painting a grim picture of the future and speculators are listening.

Alberta pipelines set back by oil rout

TransCanada Corp. is slowing work on two pipelines in Alberta because of reduced demand tied to lower crude prices and setbacks to its major oil export projects.

Enbridge profit beats estimates on rising shipments

Enbridge Inc., Canada’s largest pipeline company, posted a second-quarter profit that exceeded expectations after revenue from oil, petroleum liquids and natural gas distribution rose.

$700 million invested in Ghana offshore gas project

The World Bank approved $700 million in investment guarantees for an offshore gas project in Ghana that will help the country address electricity shortages.