http://www.worldoil.com WorldOil Oil and gas in the capitals https://www.worldoil.com/magazine/2021/february-2021/columns/oil-and-gas-in-the-capitals Working from home, not electric vehicles, could kill oil demand growth What's new in production https://www.worldoil.com/magazine/2021/february-2021/columns/whats-new-in-production Thinking small to find big solutions Special Focus: 2021 Forecast and Review – Washington Outlook https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-washington-outlook On his first day as President, Biden recommitted the U.S. to the Paris Climate Agreement, rescinded the construction permit for the Keystone XL oil pipeline, and ordered federal agencies to begin reinstating over 100 environmental regulations rolled back by Trump—including ones governing methane leaks from OandG wells and greenhouse gas (GHG) emissions from vehicle tailpipes. ShaleTech Report: Tuning unconventional reservoir performance with geoscience-guided completion strategies https://www.worldoil.com/magazine/2021/february-2021/features/shaletech-report-tuning-unconventional-reservoir-performance-with-geoscience-guided-completion-strategies As operating efficiencies near a plateau in North American shale basins, a renewed focus on geoscience offers new strategies to further lower total cost/bbl. Selective application of measurements to provide visibility on reservoir variability encountered in laterals improves decision-making to maximize ROI on completion spend. Geostatistical inversion transforms subsurface understanding across the Americas https://www.worldoil.com/magazine/2021/february-2021/features/geostatistical-inversion-transforms-subsurface-understanding-across-the-americas Four recent case studies document how an advanced seismic inversion workflow, which integrates geoscience data, enables operators to enhance their reservoir characterization interpretation. Special Focus: 2021 Forecast and Review – Canadian EandP https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-canadian-ep The oil and gas business had an exceedingly difficult time in 2020. There are signs that activity may be improving, but it’s hard to compare against a year that felt like rock bottom, and to forecast in the shadow of a pandemic. Special Focus: 2021 Forecast and Review – U.S. Drilling https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-us-drilling A meaningful recovery in U.S. drilling activity during 2021 will be hampered further by President Biden’s Executive Order that indefinitely blocks new leases and drilling permits on federal lands and waters for up to a year. Special Focus: 2021 Forecast and Review – U.S. Oil and Gas Production https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-us-oil-and-gas-production Despite an historically low, 54% decline in drilling activity, U.S. oil production was down just 7.6% on a year-over-year basis, averaging 11.318 MMbopd in 2020. The loss in U.S. output could have been more drastic, but OPEC+ did a masterful job of curtailing production during the year to support benchmark prices. Special Focus: 2021 Forecast and Review – International Drilling and Production https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-international-drilling-production Following a tumultuous 2020, global drilling rates outside the U.S. are a bit of a mixed bag for 2021. Lingering economic effects from shutdowns and travel restrictions are impeding recovery in regions like Africa and Eastern Europe, while Western Europe and South America are finding their stride. Industry at a Glance https://www.worldoil.com/magazine/2021/february-2021/resources/industry-at-a-glance The last barrel https://www.worldoil.com/magazine/2021/february-2021/columns/the-last-barrel Bad mix Executive viewpoint https://www.worldoil.com/magazine/2021/february-2021/columns/executive-viewpoint Partnership, innovation are essential to maximizing ESG performance First oil https://www.worldoil.com/magazine/2021/february-2021/columns/first-oil Improved outlook disrupted momentarily by Texas mess The evolving renewable energy partnership landscape: Implications for oil and gas majors https://www.worldoil.com/magazine/2021/february-2021/features/the-evolving-renewable-energy-partnership-landscape-implications-for-oil-and-gas-majors The renewable energy boom will continue to accelerate. Oil majors are well-positioned to use JVs and alliances to build renewables businesses, but they’ll need to adapt their partnership approach to win in a low-carbon future. Regional Report: Brazil https://www.worldoil.com/magazine/2021/february-2021/features/regional-report-brazil Pre-salt outpaces Covid ShaleTech: Marcellus-Utica Shales https://www.worldoil.com/magazine/2021/february-2021/features/shaletech-marcellus-utica-shales Optimistic forecasts greeted with cold shoulders Special Focus: 2021 Forecast and Review – U.S. Reserves https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-us-reserves U.S. proved reserves effectively unchanged Special Focus: 2021 Forecast and Review – U.S. Rotary Rig Count https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-us-rotary-rig-count U.S. rig counts crash to historic lows Special Focus: 2021 Forecast and Review – EandP Spending https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-ep-spending Global capex to grow moderately