Largest Oil Companies
2015 has been a dramatic year for oil and gas companies. At least 37 companies filed for bankruptcy due to low oil prices. Worldwide the majors and national oil companies continue to compete for market...
View ArticleOPEC is Determined to Keep on Pumping
Under Saudi Arabia’s leadership OPEC is expected to “keep pumping oil vigorously despite the resulting financial strain.” Some of the smaller, weaker OPEC members would like to see production curbed,...
View ArticleU.S. Produces Shale Oil and Gas Despite OPEC
Saudi Arabia’s increased production in 2014/2015 was aimed at taking the market share away from U.S. shale oil and gas producers. The lowered price has changed how unconventional oil and gas is...
View ArticleSpeculation on OPEC Meeting
Investors are speculating in advance of this week’s December OPEC meeting and the price of oil goes up 1% on the New York stock exchange. While most traders do not expect OPEC to cut output, some...
View ArticleU.S. Largest Gas Field Closes
In Pennsylvania the ”drilling boom of the past seven years is over, even though thousands of existing wells in the Marcellus region still produce a fifth of U.S. natural gas supply.” Companies are...
View ArticleGlobal Impact of Oil Shale
Horizontal drilling and hydraulic fracturing of oil and gas shales has revolutionized worldwide oil economy. The price of oil has dropped 60 % and the U.S. oil trade deficit has been reduced by $300...
View ArticleOPEC Unchanged, Oil Drops
Oil reached its lowest price in seven years, when the OPEC meeting decided not to balance production on Dec 4th. “For the first time in decades, oil ministers dropped any reference to the group's...
View ArticleDemocrats and Republicans May Join to Lift Oil Export Ban
Democrats and Republicans are talking with a goal to lift the longtime ban on U.S. exports in exchange for clean energy legislation and other tax breaks. “The four-decade-old ban has become a crucial...
View ArticleOPEC Strategy Changing
Last Friday, “In Vienna OPEC wrong footed everyone by abandoning the quota limit for OPEC production.” In the past there was a correlation between OPEC's actual production and the declared limit. “Now...
View ArticleZombies in US Oil Patch
In the parlance of oil and gas lawyers and restructuring advisers, zombies are “companies that have just enough money to pay interest on mountains of debt, but not enough to drill enough new wells to...
View ArticleRussia Looks to Arctic
While other large companies have recently announced they are pulling out of Arctic investments due to the low price of oil, Russia is looking to their Arctic resources as a source of up to 3.5 % of...
View ArticleClimate Change Talks Predict End of Fossil Fuel Era
The Paris Climate Change conference is set to send out a landmark agreement “that will transform the world's fossil fuel-driven economy within decades and turn the tide on global warming.” The pledges...
View ArticleOil Continues to Fall
Oil prices hit an 11 year low on Monday morning in London, falling by 4%. The price war between leading OPEC and non-OPEC producers is causing the oil glut to worsen. On the London exchange oil fell to...
View ArticleWhat Happens when the Oil Economy Fails?
The continuing low price of oil is leading to economic crisis in oil-rich countries where oil is the mainstay of the economy. Oil-rich countries have traditionally used cash from oil exports to either...
View ArticleRPSEA UDW Flow Assurance Winter TAC Meeting
Check back for full agendaRPSEA's Ultra-Deepwater Technical Advisory Committees (TAC) focus on a particular ultra-deepwater technology area. The role of the TACs, with representation from subject...
View ArticleRPSEA UDW Subsea Systems Winter TAC Meeting
Check back for full agendaRPSEA's Ultra-Deepwater Technical Advisory Committees (TAC) focus on a particular ultra-deepwater technology area. The role of the TACs, with representation from subject...
View ArticleRPSEA UDW Drilling, Completions and Interventions Winter TAC Meeting/ RPSEA...
Check back for full agendaRPSEA's Ultra-Deepwater Technical Advisory Committees (TAC) focus on a particular ultra-deepwater technology area. The role of the TACs, with representation from subject...
View ArticleRPSEA UDW Geosciences & Reservoir Engineering Winter TAC Meeting
Check back for full agendaRPSEA's Ultra-Deepwater Technical Advisory Committees (TAC) focus on a particular ultra-deepwater technology area. The role of the TACs, with representation from subject...
View ArticleRPSEA UDW Floating Facilities and Risers & Systems Engineering Winter TAC...
Check back for full agendaRPSEA's Ultra-Deepwater Technical Advisory Committees (TAC) focus on a particular ultra-deepwater technology area. The role of the TACs, with representation from subject...
View ArticleRPSEA UDW Metocean Winter TAC Meeting
Check back for full agendaMetocean TAC’s focus is the study of effects of changing weather patterns on hurricane severity, operational 3-D current forecast modeling capable of simulating the...
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