Activity Review ///

Majors double down as takeaway crunch eases

Jim Redden, Contributing Editor

They may have arrived late to the shale soiree, but the super-majors have shown up with overflowing wallets, lofty production targets, and they’re setting the tone for the next wave of development in the transcendent Permian basin.

Economists see growth slowing amid geopolitical uncertainty

The Texas Alliance of Energy Producers Annual Meeting and Expo was held this week in Irving, Texas, just northwest of Dallas. During the opening panel session, the Texas vs. national economies were examined.

Houston Channel emphasis grows as oil, gas exports rise

On a normal day, 42 tankers, 19 freighters, 391 barges, 128 ferries and 2 cruise ships will move through the Houston Ship Channel. On any given day, one of those tankers may be as long as 1,500 ft.

Nigeria's oil-rich Bayelsa State opens inquiry on spills

Nigeria’s oil-rich Bayelsa state started an inquiry into the human and environmental impact of spills caused by multinational businesses operating in the region, opening a potential new conflict with companies that pump the bulk of the nation’s crude.

Commodity traders accelerate industry growth with LNG investments

With margins narrowing in the crude oil business, some of the world’s biggest commodity trading houses are helping to reshape the energy industry with a drive into liquefied natural gas.

CERAWeek 2019 seeks to unravel the "new world of rivalries"

CERAWeek by IHS Markit kicked-off in downtown Houston, on Monday, March 11. The week-long event focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry.

LNG Canada CEO sees no scenario that would stop its project

The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30 billion gas export facility is at risk of mounting opposition from pipeline foes.

Oil's big reset: Energy majors learn to thrive after price crash

When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed.

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.