Activity Review ///

Creating the right jobs will ensure Vision 2035 succeeds

Interview with Deirdre Michie, Chief Executive, OGUK

SPE Offshore Europe-2019 conference chairman sees exciting future ahead for UKCS

Interview with OE 2019 Chairman Michael Borrell, Senior V.P., North Sea and Russia, Total

UKCS shows signs of upside potential

The business and operational improvements implemented during the downturn have positioned the UKCS as a much more attractive basin for E&P companies.

Oil drillers scale back U.S. activity as crude falls into bear market

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.

Regional report: Russia

Mike Slaton, Contributing Editor

Between rocks and hard places

Gazprom, Shell meet to review progress of Nord Stream 2, Sakhalin II projects

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, CEO of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2019.

Eni board of directors approves measures to begin buy-back program

The Eni board of directors, in execution of the authorization granted by the Eni shareholders’ meeting of May 14, 2019 and within the terms announced to the market on that date, has approved measures to begin the 2019 share buy-back program.

Permian drillers pull back amid U.S.-China trade spat

Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating U.S.-China trade war that weighed on oil prices.

Exxon CEO seeking solution to climate change in a lab

For Darren Woods, Exxon Mobil Corp.’s CEO, the answer to climate change won’t be found in solar panels or high-profile global accords, but rather in a U.S. government laboratory.

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.