Forecast
Article
August 2015
In response to the prolonged oil slump, operators have slashed spending, postponed large-scale projects and laid off staff. Canada’s industry associations have downgraded their 2015 forecasts, as well.
Article
August 2015
Although this year’s major upstream downturn is inflicting considerable pain on producers and equipment/service companies, alike, it also is stimulating additional technical creativity and progress across all disciplines of the North American industry.
News
August 05, 2015
YPF SA, Argentina’s state-run oil producer, posted second-quarter earnings that exceeded expectations as it increased output and sold crude at a premium to international prices.
News
August 04, 2015
Tumbling crude prices have damped prospects that the Mexican oil-drilling laws adopted last year will spur an investment boom. Instead it’s the surge in gas-pipeline construction that’s attracting foreign capital, expanding the market for U.S. gas producers and meeting growing demand from Mexican manufacturers and power plants.
News
August 03, 2015
The world’s biggest oil companies are painting a grim picture of the future and speculators are listening.
News
July 31, 2015
TransCanada Corp. is slowing work on two pipelines in Alberta because of reduced demand tied to lower crude prices and setbacks to its major oil export projects.
News
July 31, 2015
The World Bank approved $700 million in investment guarantees for an offshore gas project in Ghana that will help the country address electricity shortages.
News
July 31, 2015
TransCanada Corp., which divides its business between pipelines and power plants, reported higher second-quarter profit as the company transported more fuel and produced more electricity from a nuclear plant in Ontario.
News
July 31, 2015
Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.
News
July 31, 2015
Chevron Corp. posted its lowest profit in more than 12 years after an energy market rout prompted the company to write down the value of oil and gas fields by almost $2 billion.
News
July 30, 2015
U.S. Sen. Lisa Murkowski, R-Alaska has furthered her efforts to end the current ban on U.S. crude oil exports by releasing a report on the potential benefits to the Great Lakes region if the United States allowed domestic crude oil exports.
News
July 22, 2015
A glut of cheap natural gas trapped in the U.S. Northeast will be heading south by the end of the year, radically changing the price differences between the regions.
News
July 22, 2015
Less than 12 hours after Consol Energy Inc. indicated it would report a second-quarter loss, its biggest shareholder called on the company to spin off or sell its natural gas operations.
News
July 20, 2015
An all-star panel of upstream-related speakers managed to agree on Monday morning, that the Iranian deal with the U.S. and other Western countries may pose an oversupply problem for oil markets in the long term, and it will create problems in the very short term, as well.
News
July 20, 2015
Canadian natural gas producers are losing more ground to U.S. competitors as an acute shortage of pipeline space is forcing them to curb growth.
News
July 17, 2015
Schlumberger Ltd. is beginning to reap some benefits from more than 20,000 job cuts announced this year to weather the oil-price crash.
News
July 17, 2015
Brent oil headed for the longest run of weekly declines since January, as ample inventories and an accord to ease sanctions on Iran suggested global markets will remain oversupplied.
News
July 16, 2015
Oil fell to a three-month low after an Energy Information Administration report showed inventories at the biggest U.S. hub increased the most since April.
News
July 16, 2015
Canada needs to connect to global liquid natural gas (LNG) markets to avoid a decade of decline in natural gas production, the Canadian Association of Petroleum Producers said today in its 2015 natural gas forecast and LNG report.
News
July 15, 2015
Natural gas made Qatar’s citizens the richest in the world within a generation. Even with bigger fuel reserves, Iran will struggle to follow its neighbor’s path.
News
July 14, 2015
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals reached $25 billion in 2014, but significant declines in oil price have dampened the demand outlook for oil field chemicals.
