Activity Review ///

Canada expects a quiet, flat year for E&P activity

Robert Curran, Contributing Editor

A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Russia’s development and the disconnect between oil prices and exchange rates

Norwegian oil hits barricades as ally Labor hints at break

For establishment politicians in Norway, discussing changes to the country’s oil policies is akin to swearing in church.

U.S. oil production is only 23 years ahead of schedule, EIA says

A year ago, the U.S. government saw American crude production averaging 11.95 MMbpd in 2042. Shale drillers are set to exceed that this year.

BP discovers another giant gas field in the Caspian

BP just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.

Permian producers become "victims of their own success"

Emily Querubin, World Oil

Despite a few recent snags, Permian basin production should continue its upward trend through 2019.

What industry leaders expect for 2019

Kurt Abraham, World Oil

By all measures, most of 2018 has been an improvement on 2017, which was markedly better than 2016.

Election Day Special: Lion’s share of U.S. oil output comes from Trump states

Today, Nov. 6, voters across the United States have gone to the polls to elect a wide assortment of federal, state and local officials. Given the potential for shifts in balances-of-power, much is at stake on a variety of issues and policies, including those affecting oil and gas.

Exxon chief says size doesn't matter in potential M&A deals

The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making.

Halliburton CEO expects Permian bottlenecks gone by end of 2019

Halliburton expects bottlenecks in America’s busiest oil field to be relieved by the end of next year.

Upstream uncertainty tempers otherwise upbeat outlook, Deloitte survey says

Oil, gas and chemicals executives see higher oil and natural gas prices on the horizon, but new findings from Deloitte’s “2018 Oil, Gas and Chemicals Executive” survey reveals that the industry has varying expectations for what the anticipated price recovery will bring.

BP prepared to unleash cash bet on oil staying high

BP Plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile.

Nigeria heads out to sea in search of safer future for oil development

When it comes to the future of its oil industry, Nigeria is looking miles out to sea.

YPF chiefs raise output outlook as Vaca Muerta begins to deliver

YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer’s top two executives.

OPEC should boost crude production at next meeting, the IEA says

OPEC must decide to boost oil output at its next meeting to “comfort” a tightening market, said the head of the International Energy Agency.

IEA: Major oil, gas exporters face unprecedented challenges in years ahead

Major oil and gas exporters have weathered many upheavals in recent decades but a renewed commitment to reform and economic diversification will be vital to cope with the changing dynamics of global energy.

Halliburton's outlook overshadowed by weak end to 2018

Halliburton Co.’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.

IEA publishes annual Global Gas Security Review to assess evolution of LNG markets

The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers, and raises new challenges for the global security of energy supplies.

Oil producers need to pump more or put demand growth at risk

Rising oil prices may hurt demand in some of the world’s fastest-growing nations unless producers take steps to boost supplies, according to the International Energy Agency.

G3 Exploration gets approval for development of Chengzhuang Block in China

G3 Exploration Ltd., an independent specialist in the exploration and development of coal bed methane gas (CBM) with roots in China and a focus on international expansion, has announced that the China National Development and Reform Commission (NDRC) has issued its final approval for the Overall Development Plan (ODP) on the Chengzhuang Block (GCZ).