Industry Trends ///

Cheniere's Sabine Pass to "push the limits" after Gulf Coast flooding

Two weeks after Hurricane Harvey flooded the U.S. Gulf Coast, brought shipping to a halt and knocked out power to millions, the only company sending U.S. shale gas overseas is back in business.

EIA: Natural gas spot prices at Henry Hub decrease in days following Hurricane Harvey

In the days following Hurricane Harvey’s landfall on the Texas Gulf Coast as a Category 4 storm on Friday, Aug. 25, 2017, prices at the Henry Hub in Louisiana—generally considered the U.S. price—actually decreased.

Oil heads for best week since July as demand forecasts improve

Oil was on track to post its biggest weekly gain since late July as Texas refineries recovering from Hurricane Harvey processed more crude and global demand forecasts brightened.

Perry highlights need for U.S. oil reserve in rebuke of Trump's plan to sell

Hurricanes Harvey and Irma demonstrate the importance of keeping the U.S. Strategic Petroleum Reserve, Energy Secretary Rick Perry said, in a not-so-subtle rebuke to President Donald Trump.

Devon Energy restores production to pre-Harvey levels

Devon Energy Corp. has reported that it has restored production to pre-storm levels across its U.S. operations following Hurricane Harvey.

Water set to join oil, gas as key commodity for pipeline companies

The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen.

Oil breaches $50 for first time in more than a month amid demand resurgence

Oil topped $50/bbl for the first time in more than a month amid heightened optimism that a demand resurgence is in the offing.

API Pennsylvania responds to proposed ban on hydraulic fracturing in the Marcellus

API Pennsylvania (API-PA) responded to the Delaware River Basin Commission’s (DRBC) proposal to ban hydraulic fracturing in the region.

Altus Intervention, Qinterra Technologies unite to form new global well service company

Qinterra Group’s North Sea well intervention specialist Altus Intervention and its international technology arm, Qinterra Technologies have united to form one global force in well services.

Canada gas set to strike back against U.S. shale as glut eases

Canadian natural gas, locked in a fierce battle for market share with U.S. shale, may stage a modest recovery as output from some longtime producers wanes and pipeline maintenance ends.

India plans larger oil auctions as Modi pursues import cuts

India will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi’s government seeks to curtail rising crude oil imports.

Schlumberger announces new digital well construction planning solution

Schlumberger has introduced DrillPlan digital well construction planning solution at the SIS Global Forum—the first step in the DELFI cognitive E&P environment.

Weatherford introduces automated pipe makeup, connection evaluation system

Weatherford International plc today announced the commercial release of the AutoTong system featuring AutoEvaluate connection-makeup software. The AutoTong system is the world’s first technology to automate pipe makeup and to provide autonomous connection evaluation.

Saudis are said to prep for possible Aramco IPO delay

Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

New China energy star still hungry after $9-billion Rosneft deal

A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co.

Oil nears $49 as brighter demand outlook sparks optimism

Oil climbed the most in a week as the International Energy Agency and OPEC improved their outlook for demand.

CNPC, Eni sign E&P cooperation agreement

China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.

Kuwait says OPEC to decide on extending cuts in March 2018

Kuwait says OPEC to decide on extending cuts in March 2018

Qatar says it's fulfilling oil and gas deals despite Gulf crisis

Qatar, the world’s largest exporter of liquefied natural gas, is fulfilling all of its contracted shipments of oil and gas despite a regional political crisis that led to the severing of ties with some of its neighbors, the Gulf country’s energy minister said.

IEA sees strongest global oil-demand growth in two years

Global oil demand will climb this year by the most since 2015, the IEA said, amid stronger-than-expected consumption in Europe and the U.S.